🚨 Most Banks Still Avoid Using $XRP On-Chain — Here's Why
Even though Ripple has 300+ banking partners, very few actually use XRP on-chain. Why? 🤔
Ripple’s co-founder David Schwartz says it’s due to: ✅ Strict regulations
✅ Compliance issues
✅ Accounting control
❌ Lack of identity checks on validators
❌ No OFAC sanctions screening
👉 Even Ripple itself can’t use its own XRPL DEX for payments yet due to these compliance gaps.
📉 Transparency is great for crypto—but banks want control. Adoption is slow but steady.
