Harvard recognizes Visa’s FIAT digital settlement patent, mentioning XRP and XLM
Harvard University recognized Visa’s Digital FIAT Currency Settlement patent as an overview of the potential of blockchain to revolutionize monetary movement, citing Ripple’s XRP and Stellar as key factors.
Shared by crypto researcher SMQKE, the revelation sparked major attention within the digital assets community.
Visa’s 2020 patent proposes a system for central banks to digitize physical currency, issuing digital equivalents based on blockchain.
By combining a central authority with a distributed ledger and selected participants, the design aims to enable faster, more transparent and more secure transactions while preserving the legal status of fiat currency.
Well, Harvard highlights XRP and XLM as top blockchain examples aligning with Visa’s vision. Although the patent does not explicitly mention them, the study presents the two networks as strong competitors in terms of performance and design.
Why XRP and XLM are important
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XRP is designed to high-speed settlementwith transactions often confirmed within seconds and low fees, making it attractive for large-scale cross-border payment systems. The XRP Ledger also supports decentralized exchange functionality and has a history of enterprise-grade integrations.
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XLM, the native token of the Stellar network, focuses on inclusion and remittances, optimizing cross-border transfers for individual users and institutions at minimal cost and with reliable throughput.
Therefore, their mention alongside Visa’s patented system reflects much more than theoretical merit. Harvard’s choice to highlight these networks marks a shift in academic and institutional thinking, moving from viewing cryptocurrencies as speculative assets to recognizing them as useful infrastructure in the evolving world of digital currency.
Institutional recognition and wider implications
The academic emphasis at Harvard lends institutional credibility to the role of blockchain in traditional finance.
Once niche assets like XRP and XLM are now being explored in systems like Visa’s patented framework, signaling their potential to bridge traditional finance with decentralized networks. This recognition portends a future in which blockchain will underpin the global payment and settlement infrastructure.
Conclusion
Harvard’s citation of Visa’s Digital FIAT Currency Settlement patent, depicting XRP and XLM, marks a turning point in how universities and institutions view blockchain. These networks are no longer speculative, they are recognized as practical infrastructure capable of streamlining global payments and connecting traditional finance to digital currencies.
As central banks and corporations explore the adoption of digital fiat currency, XRP and XLM are emerging as effective and scalable solutions, validating their role at the forefront of a future where digital assets and traditional finance work seamlessly.
