XRP News Today: Crypto Researcher Challenges Fred Krueger’s XRP Claims with Bank Adoption Evidence

A prominent crypto researcher has challenged claims by investor Fred Krueger that no individuals or entities use XRP, the digital asset developed by Ripple Labs. SMQKE, a noted analyst, presented evidence showing major financial institutions—including American Express, Bank of America, and Santander—have integrated XRP into their operations. The researcher’s analysis, shared in July 2025, disputes Krueger’s assertion by highlighting Ripple’s institutional partnerships and XRP’s role in cross-border transactions [1].

According to SMQKE’s findings, these banks leverage XRP as a bridge currency to facilitate real-time gross settlement, currency exchange, and remittance flows. The researcher cited a comparative chart demonstrating XRP’s adoption in financial infrastructure, emphasizing its utility for low-cost, scalable solutions in international transactions. This contrasts with retail-focused cryptocurrencies like Bitcoin or Ethereum, as XRP’s primary function lies in backend systems rather than direct consumer use [1].

The response underscores a critical distinction between public narratives and enterprise applications in the crypto sector. Krueger’s broad claim that “not one actual human being is using XRP” overlooks institutional adoption, which SMQKE argues is well-documented. The researcher’s reply included screenshots of transactional and network data, reinforcing the argument that XRP is actively deployed in banking operations. Ripple’s collaboration with entities like the Bill & Melinda Gates Foundation and its commitment to carbon neutrality further highlight its integration into mainstream financial ecosystems [1].

The implications of SMQKE’s analysis extend beyond Ripple’s ecosystem. If confirmed, the use of XRP by these institutions could indicate a broader shift toward blockchain-based solutions in finance. However, critics caution that holding XRP or experimenting with Ripple’s technology does not necessarily equate to active operational usage. The lack of direct statements from the banks in question, as well as limited transactional data, leaves room for ambiguity [1].

Market participants remain divided on the significance of these claims. Proponents view the research as a validation of XRP’s potential to compete with traditional systems like SWIFT, while skeptics emphasize the need for independent verification and regulatory clarity. Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) over XRP’s classification as a security adds another layer of uncertainty. The outcome of this case could influence whether institutions continue to adopt or scale back their use of XRP [1].

Source: [1] [Researcher Proves American Express, Bank of America, and Santander Use XRP] [https://timestabloid.com/researcher-proves-american-express-bank-of-america-and-santander-use-xrp/]