TimesTabloid
2025-08-30 15:02:14

U.S. GDP Data Published On XRP Ledger. Here’s how

XRP Ledger validator Vet announced that he has successfully published the U.S. Department of Commerce’s Bureau of Economic Analysis second-quarter Gross Domestic Product report on the XRP Ledger . According to him, the process took only a few seconds and cost a fraction of a cent in fees. He explained that he stored the data twice by recording the SHA256 hash of the report in a transaction memo and then by creating an NFT that includes both the hash and the official PDF link. The screenshots he shared show a validated transaction on August 28, 2025. The record displays a delivered amount of 0.000001 XRP with a ledger fee of 0.000012 XRP, and the memo field contains the SHA256 digest. Another screenshot shows the NFT, which lists the BEA’s official GDP release titled “Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 2nd Quarter 2025.” The attributes include both the external link to the PDF and the identical SHA256 hash, ensuring verifiability. VET emphasized that these steps used only XRPL’s native layer-one features, without requiring contracts or external tools. Arrington #XRP Capital acquired a publicly traded SPAC, Armada Acquisition Corp. II, for $6.6 million. Why this matters: 1. By sponsoring a Nasdaq SPAC, the fund is now a direct player in tradfi and the #XRP brand belongs to a regulated Wall Street vehicle. 2. A SPAC's purpose… pic.twitter.com/kKVmz8HTFF — WrathofKahneman (@WKahneman) August 29, 2025 Why the Government Did Not Choose XRP VET also explained why the U.S. government has not used the XRP Ledger for this type of record anchoring. He noted that Bitcoin has a longer track record of being used for timestamping and that institutions often follow historical precedent. He made clear that the decision is not tied to technical limitations on XRP Ledger, since its native features are fully capable of handling this type of function. In his words, government teams likely continue with Bitcoin because it has been used before, rather than because XRP cannot meet the requirements. He highlighted that XRPL can perform the same task faster, at negligible cost, and with the same level of verifiability. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Key Takeaway from the Demonstration VET’s example underscored that official data can be secured on the XRP Ledger reliably and efficiently. The memo transaction provides an immutable fingerprint, while the NFT reinforces accessibility by attaching both the hash and the document link. He stressed that both actions were possible without smart contracts or external layers, proving that XRPL already has the native tools needed for public data anchoring. He concluded that the government’s absence on XRPL does not reflect its capabilities, but rather its reliance on previously established practices. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post U.S. GDP Data Published On XRP Ledger. Here’s how appeared first on Times Tabloid .

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