Unveiling the Connection Between IQD and XRP: A Deep Dive into Global Financial Networks

In an intriguing revelation, Louisenthal, a subsidiary of Giesecke+Devrient (G+D), has been identified as the producer of Iraq’s fiat currency, the Iraqi Dinar (IQD). This discovery emerged from efforts to translate documents from the Central Bank of Iraq, where patented security features—such as Louisenthal’s RollingStar security threads—caught attention and prompted further investigation. G+D, established in 1852, is a titan in the world of currency technology, employing over 14,000 people across 123 subsidiaries and joint ventures in 40 countries. From North America to the Middle East, G+D collaborates with more than 150 central banks, specializing in digital security, financial platforms, and cutting-edge currency solutions. This global reach positions G+D as a key bridge between traditional fiat systems like the IQD and the evolving digital financial landscape, including cryptocurrencies like XRP.

The ties between G+D and Ripple, the company behind XRP, are both extensive and strategic. In 2020, METACO—a firm linked to Ripple via Standard Chartered—secured a $17 million Series A investment from a group that included G+D. The following year, G+D invested in FNA, a startup that collaborated with Ripple to define liquidity requirements for its real-time gross settlement (RTGS) and remittance network, as documented in a 2020 report. This work involved simulating liquidity needs for banks on Ripple’s network, showcasing XRP’s practical utility. The connection solidified in 2023 when Ripple acquired METACO for $250 million, a company specializing in digital asset management and tokenization—areas where G+D also has expertise. Beyond these direct links, G+D and Ripple share overlapping partnerships in influential organizations like the Digital Euro Association and the Digital Pound Foundation, signaling a convergence of interests in shaping digital currencies.

Ripple’s “top-down” strategy amplifies the significance of its relationship with G+D. Rather than targeting individual banks, Ripple focuses on partnering with leading entities—like G+D, which influences over two-thirds of the world’s central banks—to drive adoption of XRP downstream. This approach mirrors G+D’s own dominance in currency production and its growing role in central bank digital currencies (CBDCs) and tokenization. With G+D investing in Ripple-aligned startups, selling assets like METACO to Ripple, and collaborating with mutual partners like SAP, the pattern is clear: Ripple is positioning XRP at the heart of global finance. As traditional and digital monetary systems converge, these connections suggest XRP could emerge as a standard, bridging the legacy of fiat currencies like the IQD with the future of financial innovation.

Credit: This article is based on insights and research provided by FLRMOON on X.

@MelaniastasiaRomanov✅