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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-and-xrp-face-uncertain-future-an-insight-into-bis-project-mariana/">Ripple and XRP Face Uncertain Future: An Insight into BIS Project Mariana</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Despite early promises, the latest developments around the Bank for International Settlements (BIS) Project Mariana have cast a shadow of uncertainty on XRP’s future. JC Collins, an expert in Geopolitics, Macroeconomics, and Crypto Philosophy, recently weighed in on these developments.</p> 
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   <p lang="en" dir="ltr">The post I made yesterday about XRP and Ripple not being a part of the BIS Project Mariana has generated a lot of discussion in the space. That is good. There needs to be open and honest discussion to counter the amount of false and fabricated information spread around by…</p>— JC Collins (@HigherManas) <a href="https://twitter.com/HigherManas/status/1694363143483617418?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 23, 2023</a> 
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<h2 id="project-mariana-and-the-erc-20-standard" data-name="project-mariana-and-the-erc-20-standard" class="wp-block-heading"><strong>Project Mariana and the ERC-20 Standard</strong></h2> 
<p>Project Mariana, a BIS initiative, aims to develop a platform for Central Bank Digital Currencies (CBDC) using the ERC-20 technical standard. In an unexpected turn, the Hybrid-Function Market Maker service is now provided by Curve V2, with two EVM-based smart contracts managing payments.</p> 
<p>This development highlights a glaring omission: XRP and Ripple find no mention in the BIS documentation, despite long-standing support and optimism among developers and supporters.</p> 
<p>Ripple and XRP, though once considered heavy hitters, seem to be left in the dust. Even with partnerships with various banks and a favorable SEC lawsuit outcome, XRP hasn’t seen the expected flood of value. It’s almost like watching the cool kid suddenly being left out of the party.</p> 
<p><em>Now Read – </em><a href="https://coinpedia.org/news/top-reasons-why-xrp-is-about-to-become-way-bigger-than-everyone-thinks/" rel="noopener noreferrer nofollow"><em>Top Reasons Why XRP is About to Become Way Bigger Than Everyone Thinks&nbsp;</em></a></p> 
<h2 id="adaptation-and-evolution-in-the-digital-space" data-name="adaptation-and-evolution-in-the-digital-space" class="wp-block-heading"><strong>Adaptation and Evolution in the Digital Space</strong></h2> 
<p>The adaptability of ERC-20 and the rapid evolution of tech across Layer One chains might be overshadowing XRP’s role in the global financial system. The adaptation to ERC-20 has become a powerful trend, possibly setting a standard that Ripple might find challenging to counter.</p> 
<p>Despite this, Collins emphasizes that the game isn’t over for Ripple and that the technological landscape will continue to change at a breathtaking pace. The failure or success of Project Mariana will also shape the evolution of the space.</p> 
<h2 id="geopolitics-and-the-monetary-transformation" data-name="geopolitics-and-the-monetary-transformation" class="wp-block-heading"><strong>Geopolitics and the Monetary Transformation</strong></h2> 
<p>The ongoing geopolitical shift away from USD hegemony and the increasing momentum towards the multilateral world present a complex backdrop to these developments. The BIS’s influence extends to all central banks, making its actions relevant to CBDC initiatives around the world. Collins’s insights into the geopolitical landscape provide a sobering reminder of the intricate interplay of global forces in the world of finance.</p> 
<p>So, where does this leave Ripple and XRP? In a word, uncertain. Ripple’s future might not align perfectly with the grand vision many had hoped for, but it continues to be part of an exciting and ever-changing conversation.&nbsp;</p>

Ripple and XRP Face Uncertain Future: An Insight into BIS Project Mariana

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