Many XRP investors wonder what this cryptocurrency is for.
XRP was promoted as “the cryptocurrency of the banks”, but today it is far from that.
More than 13 years after its launch, doubts about the true usefulness of XRP in the financial system still persist. The currency issued by Ripple Labs was presented with the promise of becoming the “cryptocurrency of the banks”, but, so far, that idea is very far from being completed.
Precisely, that gap between the initial promise and the actuality of XRP has generated discussions in forums and social networks among project followers.
Although many wonder what the asset really is for, another group still believes that XRP will replace the Swift System (society for world interbank and financial communications, in Spanish), which today remains the main means of international transfers between banking entities.
In the midst of these positions found, a Reddit user, identified as Ripebee, turned to turned on the conversation within the community. “No swift? So what is left? Since the largest banks are the” owners “of Swift, it is not likely that XRP ever replaces it. Said that, how can Xrp provide value and, consequently, make its price increase?” He raised.
Another Reddit user, under the 4xPokerchamp name, replied: “Did you never hear that XRP is the banker currency? There are those who expect banks to allow us XRP after racks.
This comment synthesizes the mixture of feelings that the XRP community is going through: enthusiasm, skepticism and speculation. While some members expect the cryptocurrency to finally be adopted by the global banking system, More and more questions begin to emerge about their true function within the Ripple ecosystem. That opens another question: what could promote its price in the future?
So far from 2025, Ripple has forged associations with bank entities, but the ads did not generate an upward impulse for the price of their asset. As Cryptonoticias, Zand Bank and Mamo, two financial institutions based in Arab Emirates, have reported an agreement with the firm led by Brad Garlinghouse to start using Ripple Payments, a business solution of payments managed by Ripple.
However, the use of XRP is not mandatory to use this platform, which causes more questions about its true utility. For that reason, it also did not have an impact on the price of the asset, which has not yet recovered the level of 3 dollars.
In this regard, FLOWERBUDGET2065 indicates in Reddit that only Xrapid, now known as on-Demand Liquidity (ODL), It is the only one that XRP really uses. It is a platform that allows financial institutions to change their local currency for the asset, send it to another country and then convert it to the local currency of the destination, eliminating the need to keep accounts abroad.
“Other products can be used independently of XRP or any cryptocurrency. This optional or lack of need for banks to perform XRP transactions within the Ripple Red is the main controversy point when determining the underlying value of XRP,” he remarks.
For its part, who identifies as “spoofy129” completely ruled out the possibility that XRP replaces Swift and said: “The banks are not in the business of buying the holdings of others. If they would ever replace swift with a cryptocurrency -based solution, and that is a great ‘yes’, it would be with their own technology and their own network.
For the user Helpfuljone, there will not be a total swift replacement by XRP, but he thinks: “The XRP value proposal for its plan risky, it has always been, and most will not be patient to wait. ”
That is, XRP does not need to completely replace swift to succeed, you only need to capture a part of the market and offer faster and faster transactions, which could justify its long -term value. However, today, It is not seen that there is a growing use of cryptocurrency by banking institutions.
Although it does not represent the entire community, the Reddit debate reflects an increasingly widespread posture among XRP holders: the promise of becoming “the cryptocurrency of the banks” is under suspicion, and if specific signs that support it do not arise, that narrative could be completely crumbled.
In other discussion spaces, some XRP investors begin to admit that they are making a bet and, therefore, their price is simply subject to what happens with macroeconomy and appetite for risk assets, such as cryptocurrencies.
