Do Major Banks and Financial Institutions in the World Want to Hold XRP?
Many major banks and financial institutions in the world are actively cooperating with Ripple and using XRP in international transactions. Ripple has built strategic partnerships with leading banks such as HSBC, BBVA, Societe Generale and DBS. These organizations use the RippleNet platform to make transactions faster and more cost-effective than traditional methods such as SWIFT.
In particular, XRP is not only considered a cryptocurrency but also a tool for financial institutions to process cross-border transactions with low fees and fast processing speed. Despite the challenges related to regulations and competition in the cryptocurrency market, the interest from major banks shows the potential of using XRP in the global financial system.