Ripple CTO Explains How XRP’s Game Changed with Banks
2025-07-15 14:29:17
Main Idea
Ripple's CTO David Schwartz explains that the company has shifted its focus away from traditional banks, as they are too slow and conservative, and is now prioritizing decentralized solutions like fintechs and crypto-native platforms for XRP's growth.
Key Points
1. Ripple's early strategy involved partnerships with banks, but these rarely led to meaningful utility for XRP.
2. Banks are hesitant to pass on the benefits of Ripple's technology, often prioritizing publicity over real usage.
3. Ripple is now focusing on fintechs, money service businesses, and crypto-native platforms to drive adoption through decentralized tools like On-Demand Liquidity (ODL).
4. XRP no longer relies on traditional banking infrastructure, leveraging decentralized liquidity pools and crypto-native solutions instead.
5. This shift marks a turning point for Ripple, signaling a move toward decentralized financial systems with XRP at the forefront.
Description
In a striking video clip recently shared by XRP Governor on X, Ripple’s Chief Technology Officer, David Schwartz , shed light on a major strategic shift within the company. According to Schwartz, Ripple’s focus has moved away from traditional banking institutions. The reason? Banks are simply too slow, too conservative, and ultimately not the future of XRP’s success. Moving Beyond the Banks Reflecting on Ripple’s early strategy, Schwartz explained that banks once seemed like ideal partners becau...
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