Well, it seems like some kind of Standard Chartered Bank that has shareholders like BlackRock and Vanguard Group. Really questionable thing, XRP

1. To start, let's break down the goal of XRP — to become a mediator for fast, cheap, and efficient cross-border payments, providing liquidity between different currencies and facilitating interactions between banks and financial institutions. In other words, it was created to improve the already EXISTING BANKING SYSTEM, it does not bring anything new.