![]() Finally, it is worth noting that Ripple, the company that created XRP, has stated that they are working with a number of central banks around the world to pilot the use of XRP. Additionally, XRP is highly scalable, which means that it can handle a large number of transactions without any issues. For example, XRP can be used to send money across borders quickly and cheaply. Thirdly, XRP has a number of features that make it attractive to banks. This shows that there is already significant interest from the traditional financial sector in using XRP. These include Santander, American Express, UBS, and others. ![]() Secondly, XRP has already been adopted by a number of major financial institutions. This means that XRP is not controlled by any one organisation or individual, which is a key selling point for the cryptocurrency. Instead, XRP is an open-source software that is maintained by a non-profit organisation, the Ripple Foundation. ![]() Firstly, it is important to note that XRP is not a company or a project that is owned by any one entity. However, there are a few key points that can be made about when banks might start using XRP. ![]() There is no simple answer to this question, as there are a number of factors that need to be considered before banks can start using XRP. When will banks start using xrp? This is a question that many people in the crypto community have been asking since the launch of the XRP Ledger and the associated cryptocurrency, XRP. ![]()
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