Why would banks use XRP?

Ripple has pitched the xrp (XRP, +4.36%) cryptocurrency as a way to link different central bank digital currencies (CBDCs) in a new white paper .

The price of XRP has risen by 4.58% in the past 7 days. The price increased by 0.90% in the last 24 hours. In just the past hour, the price shrunk by 0.07%. The current price is $0.827524 per XRP .

Ripple’s xRapid offering provides on-demand liquidity for financial institutions, lowering their liquidity costs and improving their customer experience . Ripple’s xVia allows banks and other corporations to send global payments across various networks using one standard interface.