The Fed treads on XRP’s core payments use case with new FedNow banking system upgrade

The Federal Reserve's proposed changes to the FedNow Service could impact XRP's core payments use case. By allowing intermediaries, the Fed might be indirectly enabling faster, cheaper cross-border transactions, potentially diminishing the perceived need for XRP in this area. This development, originating outside the crypto space, suggests the market may be valuing XRP based on an outdated perspective.