Researcher Proves American Express, Bank of America, and Santander Use XRP
Main Idea
A crypto researcher refutes a claim that no one uses XRP by highlighting its adoption by major financial institutions like American Express, Bank of America, and Santander for cross-border payments and settlements.
Key Points
1. Crypto researcher SMQKE countered investor Fred Krueger's claim that 'not one actual human being is using XRP' by citing its use by hundreds of financial institutions.
2. SMQKE provided evidence showing American Express, Bank of America, and Santander use XRP as a bridge currency in Ripple's cross-border payment solutions.
3. The rebuttal emphasizes XRP's institutional adoption and utility in financial infrastructure, distinguishing it from retail-focused cryptocurrencies.
4. XRP's role in cross-border liquidity and settlements makes it attractive to banks and payment providers, despite limited visibility in consumer payments.
Description
Crypto researcher SMQKE issued a direct rebuttal to a claim made by investor Fred Krueger regarding the real-world adoption of XRP. Krueger, in a brief post, asserted that “Not one actual human being is using XRP. Not one.” In response, SMQKE dismissed this statement as factually incorrect, posting, “’No one’ uses XRP… except for hundreds of financial institutions like American Express, Bank of America, and Santander. But don’t let facts get in the way of a good narrative.” SMQKE’s reply was acc...
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