Key facts
- A 2021 study from an Iranian academic institution analyzed Ripple's XRP for cross-border payments.
- The research used quantitative models including Monte Carlo simulations and the Heston stochastic volatility model.
- The study examined RippleNet corridors such as USD/MXN, EUR/NGN, and JPY/KRW.
- The research focused on XRP's adaptability to market volatility and risk management.
- The study did not suggest Iran would use XRP for payments or mention the current conflict.
- Iran is reportedly using Bitcoin and Tether for trade amid sanctions.
A 2021 study conducted by an Iranian academic institution, which explored the potential of Ripple's XRP for cross-border payments, is gaining renewed attention amid escalating geopolitical tensions between the US and Iran. The research, which employed quantitative models like Monte Carlo simulations and the Heston stochastic volatility model, analyzed XRP's performance across various corridors, including USD/MXN, EUR/NGN, and JPY/KRW.