<a href="https://bitcoinworld.co.in/will-the-us-banks-adopt-ripples-xrp-for-international-payments/" title="Will The US Banks Adopt Ripple’s XRP For International Payments" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Ben Armstrong shares insights on the US banks’ potential adoption of Ripple’s XRP for international payments.</li>
 <li style="font-weight: 400">Ripple CEO Brad Garlinghouse has hinted at the wider adoption of XRP following the token’s landmark victory against the SEC.</li>
 <li style="font-weight: 400">With XRP’s legal clarity and major upgrades, Ripple is heading towards acquiring its vision.</li>
</ul>
Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ripple CEO Brad Garlinghouse breaks down the impact of the new Bitcoin ETFs and the future of crypto regulations <a href="https://t.co/8McHdfijhL" rel="noopener noreferrer nofollow">pic.twitter.com/8McHdfijhL</a>
 — Mornings with Maria (@MorningsMaria) <a href="https://twitter.com/MorningsMaria/status/1747979054874067159?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a>
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In a recent <a href="https://youtu.be/m7xBv67r0PI?si=rmY8EgCUP_Ll_8QI" rel="noopener noreferrer nofollow">video</a>, Ben Armstrong, a prominent voice in the blockchain sector, asserted that the US banks’ adoption of XRP is poised to be “the key to XRP’s success.”
Ripple has been moving through a tough period for more than two years since the Securities and Exchange Commission (SEC) sued the platform in 2020.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/worlds-largest-asset-manager-blackrock-announced-it-has-no-plan-for-spot-xrp-etf/" aria-label="“World’s Largest Asset Manager BlackRock Announced It has No Plan For Spot XRP ETF” (Edit)" rel="noopener noreferrer nofollow">World’s Largest Asset Manager BlackRock Announced It has No Plan For Spot XRP ETF</a>
The regulators <a href="https://www.sec.gov/news/press-release/2020-338" rel="noopener noreferrer nofollow">accused</a> Ripple and its executives of allegedly raising “over $1.3 billion through an unregistered, ongoing digital asset securities offering.”
Though Ripple envisioned the global expansion and wider adoption of XRP, its legal challenges remained a severe hurdle in its path.&nbsp;
However, in 2023, Judge Analisa Torres’ landmark ruling that classified XRP as a non-security tagged it as the only token with “legal clarity.”&nbsp;
As per Ben Armstrong, Ripple’s win against the SEC hints at Ripple achieving its vision.
Armstrong delved deep into the history of XRP, unveiling its transition with upgrades and updates.&nbsp;
He shed light on the “fatal flaw” of Ripple’s software that hindered the banks’ adoption of XRP.&nbsp;
Although many banks leveraged Ripple’s software for cross-border transactions, the software never mandated its users to hold XRPs.
Thus, with Brad Garlinghouse figuring out the issue, Ripple introduced RippleNet and ODL (On-Demand Liquidity), replacing the previous products.&nbsp;
This innovation envisions the broader adoption of XRP tokens, as it necessitates holding XRP for using Ripple’s blockchain. Armstrong described it as “the true value proposition of XRP.”
See Also: <a class="row-title" href="https://bitcoinworld.co.in/secs-analogy-for-crypto-investment-made-xrp-lawyers-john-deaton-laugh/" aria-label="“SEC’s Analogy For Crypto Investment Made XRP Lawyers, John Deaton, Laugh” (Edit)" rel="noopener noreferrer nofollow">SEC’s Analogy For Crypto Investment Made XRP Lawyers, John Deaton, Laugh</a>
Armstrong believes that by Monday, the XRP community will listen to the news of the wider adoption of XRP, as hinted by Garlinghouse.&nbsp;
He added that Ripple’s CEO hasn’t done anything for the realization of the mission other than being “very strategic.”
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Will The US Banks Adopt Ripple’s XRP For International Payments

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