Ripple CEO Brad Garlinghouse said the Bank for International Settlements pilot testing XRP Ledger for wholesale payments confirmed what the company has long argued: the network is built for institutional scale.
| Metric | Value |
|---|---|
| Price | $1.41 |
| 24h Change | -2.92% |
| 7d Change | +1.70% |
| 24h Volume | $2.30B |
| Market Cap | $88.17B |
| Circulating Supply | 62.74B |
| Total Supply | 99.99B |
The comment, reported by U.Today on Sept. 5, represents the first public acknowledgment from Ripple leadership that the BIS, the central bank for central banks, has run live tests on XRP Ledger. Garlinghouse did not disclose the transaction hash, settlement value, or pilot start date.
The BIS has not published a corresponding statement.
What the pilot signals for wholesale settlement
Wholesale payments move between financial institutions, not consumers. They demand finality in seconds, not days, and throughput that clears thousands of transactions per second. XRP Ledger's consensus protocol settles in 3-5 seconds with a design capacity of 1,500 transactions per second.
The BIS test suggests the network meets baseline technical requirements for a wholesale rail.
No public ledger entry has been linked to the pilot. Without a transaction hash or timestamp, independent verification remains impossible. Ripple has not filed a Form 8-K or equivalent disclosure tying the test to material financial impact.
XRP price action around the news
CoinGecko data at 14:00 UTC Sept. 5 shows XRP at $1.41, down 2.92% in 24 hours against a broader market decline of 3.93%. Seven-day performance remains positive at +1.70%.
Volume printed $2.3 billion, ranking XRP fifth by market cap at $88.17 billion.
| Total Supply | 99.99B |, |, |
The seven-day close series, 1.39, 1.42, 1.38, 1.36, 1.34, 1.46, 1.39, shows range-bound trading between $1.34 and $1.46 with no sustained breakout.
Why the BIS matters more than a typical partnership
The BIS coordinates policy among 63 central banks representing 95% of global GDP. Its innovation hub runs live
experiments with wholesale CBDCs and cross-border settlement. A successful pilot on XRP Ledger would position the network as a neutral bridge asset for central bank digital currencies, a role Ripple has pitched since 2019.
Watch for a BIS innovation hub report or a Ripple quarterly markets report that quantifies the pilot: transaction count, value settled, participant institutions, and latency metrics. Absent those specifics, the announcement remains a narrative milestone rather than a commercial signal.
The next Ripple Swell conference (typically Q4) or BIS annual economic report (June 2027) are the likeliest venues for detail.
One sentence bottom line: The BIS tested XRP Ledger for wholesale payments, but without a transaction hash, dollar figure, or publication date, the market has no verifiable data to price the development.
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