International Data Corporation (IDC) has claimed that the US Federal Reserve is to trial a new payment network based on the payment infrastructure of FinTech company Ripple. The announcement was made by Ripple CEO Brad Garlinghouse during an interview with Bloomberg TV.
International Data Corporation (IDC) has claimed that the US Federal Reserve is to trial a new payment network based on the payment infrastructure of FinTech company Ripple. IDC has also said that it expects the use of Ripple's technology to grow "exponentially" in the years ahead; Ripple is a rival of Bitcoin, focusing more on the payment infrastructure than the currency itself.