US banks are on the verge of a significant transformation as they prepare to adopt Ripple’s cryptocurrency, XRP, for international payments. This development marks a pivotal moment for Ripple, the company behind XRP, following a protracted legal battle with the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has hinted at this imminent shift, signaling a new era for XRP in the banking industry.
This decision has validated Ripple’s long-term strategy and compliance with regulatory standards. Ripple has also introduced innovations such as RippleNet and On-Demand Liquidity (ODL) to align the utility of XRP with its adoption, making it more relevant and useful in international banking transactions.
Ripple CEO Brad Garlinghouse’s forthcoming announcement confirming the wider adoption of XRP by US banks is highly anticipated and seen as a significant advancement in integrating blockchain technology into traditional banking systems.
Source: cryptopolitan
