Will banks use XRP?

Ripple is the earliest shitcoin to become a major cryptocurrency . Today Ripple is the #2 cryptocurrency by market cap behind Bitcoin, despite it being a centralized shitcoin.

XRP transactions are fast and cheap. Ripple’s consensus protocol is arguably less secure than other methods of processing crypto transactions . Ripple’s payment network is already being used by financial institutions. Many of Ripple’s banking partners only use RippleNet and not its XRP cryptocurrency.

The financial institutions that use Ripple’s network are still in the testing phase . While XRP has potential in the international payment space, it has yet to be thoroughly tested by large, mainstream banks.25 Şub 2022