US banks are preparing to adopt Ripple’s XRP for cross-border payments according to Ben Armstrong. Ripple CEO Brad Garlinghouse has been an enthusiastic proponent of this move, suggesting massive potential for XRP in the American banking sector.

This development follows a tumultuous period for Ripple, which has faced significant legal challenges. Since 2020, the company has been in litigation with the US Securities and Exchange Commission (SEC), which accused it of raising more than $1.3 billion through an unregistered digital asset offering. However, in 2023, a landmark ruling by judge Analisa Torres played a new game, classifying XRP as a non-security and providing the token with unprecedented legal clarity.

Blockchain analyst Ben Armstrong expressed optimism about the future of XRP. He highlighted the importance of Ripple’s legal victory, stating that it could be decisive in realizing the company’s vision. Armstrong emphasized the evolution of XRP, pointing to the upgrades that allowed it to overcome previous challenges. He cited a “fatal flaw” in Ripple’s initial software that prevented banks from adopting XRP. The solution came with the introduction of RippleNet and ODL (On-Demand Liquidity), which require the use of XRP, strengthening its position as a viable tool for international transactions.

Despite the adoption of Ripple’s software by many banks for international transactions, reliance on XRP was not a previous requirement. With the new updates, Brad Garlinghouse and his team appear to have overcome this hurdle, paving the way for wider adoption of XRP.

Armstrong predicts that news about wider adoption of XRP by US banks will be announced soon, an expectation in line with Garlinghouse’s suggestions. The Ripple CEO’s careful strategy is seen as a key factor in driving this mission.

While the road for Ripple has been challenging, the combination of legal victories, technical innovation, and cunning strategies appears to be setting the stage for wider adoption of XRP, marking a promising new chapter in the world of cryptocurrencies.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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