Will banks use XRP?

XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.

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.