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Major Banks Test XRP For Real-Time Payments

Coin WorldSaturday, Mar 29, 2025 2:51 am ET
2min read

Jake Claver, a prominent financial strategist, recently made a significant statement regarding the adoption of XRP by major banks for real-time payments. According to Claver, several major financial institutions are currently testing XRP for its potential in facilitating real-time payments, a development that could revolutionize the financial industry.

Claver highlighted the substantial scale of this adoption, noting that assets worth half a trillion dollars are beginning to move onto the XRP Ledger (XRPL). He emphasized that this shift is not just a minor trend but a full-blown revolution happening in real time. Claver's remarks suggest that the skepticism surrounding XRP's role in financial institutions has been misplaced, and that the asset is gaining traction within the banking sector.

While Claver did not specify which banks are involved in these tests, his statement implies that institutional adoption of XRP is progressing. If major banks integrate XRP into their operations, it could indicate a significant shift in how cross-border payments are settled, potentially challenging traditional systems.

Claver's post sparked varied opinions among users, with some expressing skepticism about XRP’s impact on market movements. One user, CryptoTA, downplayed the significance of institutional usage, pointing out that there are approximately 11,000 banks using the SWIFT system, while Ripple has partnered with fewer than 100 banks. CryptoTA argued that market movements are driven by large holders rather than adoption, suggesting that despite positive developments surrounding XRP and the broader cryptocurrency industry, price action has remained stagnant.

CryptoTA’s perspective highlights the ongoing debate about whether adoption and utility translate directly into market value. Despite XRP’s increasing partnerships and regulatory developments, its price has not seen significant movement, reinforcing the view that market trends are often influenced by external factors such as large-scale liquidations rather than fundamental growth.

Another user, Dean G, responded to CryptoTA’s comment by addressing the potential for broader institutional adoption of Ripple’s technology. He noted that banks are not required to use SWIFT and questioned what could happen if a substantial portion of them began utilizing Ripple’s solutions. Dean G also pointed out that XRP’s utility has been affected by the legal battle with the U.S. Securities and Exchange Commission (SEC), which has slowed adoption. Given the country’s economic influence on global markets, he suggested that regulatory uncertainty in the U.S. has played a key role in limiting XRP’s expansion.

His statement reflects that regulatory challenges have delayed XRP’s potential, but recent developments like the SEC dropping its lawsuit against XRP could accelerate the token adoption. Claver’s statement and the discussion it generated highlights the growing attention on XRP’s role in financial institutions. If major banks are indeed testing XRP for payments, it could signal a long-term shift in the industry. However, differing views on market dynamics suggest that while adoption may increase, it does not necessarily lead to immediate price appreciation.

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TheMushroomGuy
03/29
XRP's institutional adoption? More like institutional curiosity. The train's moving, but the track's still under construction
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Unfair-Ad-4099
03/29
@TheMushroomGuy True, adoption's slow.
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AkibaSok
03/29
XRP's utility is like a ticking time bomb. Once it detonates, we could see a massive shift. Patience is key here.
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crentony
03/29
@AkibaSok Totally agree, patience is key.
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SHIT_ON_MY_BALLS
03/29
@AkibaSok What's the timeline for this bomb?
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Monkiyness
03/29
Banks testing XRP = game changer potential 🚀
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ashish1512
03/29
SEC drama slows XRP's real-world impact sadly.
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Codyofthe212th
03/29
@ashish1512 Yeah, SEC stuff slows XRP.
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Fountainheadusa
03/29
@ashish1512 True, SEC drama's a drag.
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Sugamaballz69
03/29
XRP's utility grows, but price action stagnant lol
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AP9384629344432
03/29
@Sugamaballz69 What do you think is missing for XRP to moon?
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pellosanto
03/29
SEC dropping the lawsuit was a green light. Expect speed, not necessarily immediate gains. Adoption takes time.
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Beetlejuice_hero
03/29
XRP's utility is like a slow-cooking stew, takes time but eventually warms the market.
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WoodKite
03/29
@Beetlejuice_hero Think XRP's slow burn is smart money move?
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CarefulShilong
03/29
Holy!The TSLA stock triggered a trading signal, resulting in substantial gains for me.
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rvnmsn
03/29
@CarefulShilong How long you held TSLA? Was it a quick trade or long-term play?
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