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Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States.

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks.

In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.”

Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it of conducting an unregistered digital asset securities offering that raised more than $1.3 billion.

Despite Ripple’s vision for global expansion and increased XRP adoption, legal hurdles remained significant. However, a watershed moment occurred in 2023 when Judge Analisa Torres classified XRP as a non-security, providing Ripple with legal clarity and a possible path forward.

Ben Armstrong delves into XRP’s historical journey, emphasizing its evolution through upgrades and updates. He highlighted a “fatal flaw” in Ripple’s software that had previously prevented banks from adopting XRP.

While many banks used Ripple’s software for cross-border transactions, users were not required to hold XRP tokens.

To address this issue, Brad Garlinghouse developed a strategy and introduced RippleNet and On-Demand Liquidity (ODL), which replaced previous products.

This novel approach envisions increased XRP adoption by requiring the ownership of XRP tokens to use Ripple’s blockchain. Armstrong described this development as the “true value proposition of XRP.”

According to Armstrong, Brad Garlinghouse has been strategic in addressing challenges and guiding Ripple toward its mission.

While the video hinted at the possibility of widespread XRP adoption, Armstrong praised Garlinghouse’s strategic approach without providing specifics.

Armstrong expressed optimism that the XRP community would learn of broader adoption on Monday, referring to Garlinghouse’s strategic moves in achieving Ripple’s mission.

The anticipation among XRP enthusiasts is palpable, given the potential impact of US banks adopting XRP on the project’s overall success.


Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.