This Gives XRP Exposure to Over 5,000 European Banks

Europe’s payment landscape could be on the verge of a major shift. A recent proof-of-concept demonstrates real-time euro settlements via blockchain. The system uses the Interledger Protocol (ILP) and the XRP Ledger (XRPL) , linking regulated banking rails to digital-asset liquidity. The demonstration was highlighted by X user ProfessoRipplEffect, providing a step-by-step walkthrough of the process. Bridging SEPA and Blockchain The proof-of-concept shows euros moving through ILP and settling on the XRPL. It enables PSPs to connect bank deposits to blockchain liquidity. SEPA, the Single Euro Payments Area, covers 36 jurisdictions. This includes 27 EU countries plus the UK, Norway, Switzerland, and several microstates. As of June 2025, the SEPA credit transfer scheme (SCT) had 3,550 participating institutions. Of these, 2,765 were also part of the SCT Inst for instant payments. The demonstration shows a PSP connecting these banks to XRPL settlement without altering SEPA itself. Proof of Concept in...

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