Ripple CTO Breaks Silence: Why XRP’s 300+ Bank Deals Haven’t Boosted On-Chain Volume!

Despite partnering with over 300 banks, XRP Ledger (XRPL) hasn’t seen the explosive on-chain growth many expected. Ripple CTO David Schwartz explains why:

Compliance Issues: Most banks still settle off-chain to avoid risks tied to unverified liquidity providers on public networks.

Solution in Progress Ripple is developing permissioned domains a system where only approved institutions can interact on-chain safely and legally.

XRP as a Bridge: In a world dominated by multiple stablecoins, XRP could be the neutral asset connecting different currencies across borders.

Recent Slowdown: XRPL activity dropped 30–40% in early 2025, but Schwartz says institutions are gearing up for on-chain adoption as infrastructure improves.

Not US-Controlled: Schwartz clarified that XRPL isn’t governed by the U.S., and Ripple operates via licensed global entities to build trust across regions.

With new tools and regulatory clarity on the horizon, the real institutional use of XRP might be closer than ever!

DYOR Always

#XRP #XRPL