The adoption of Ripple (XRP) by companies and banks is done through the RippleNet network, a global payment network developed by Ripple Labs to facilitate cross-border financial transfers quickly, efficiently, and at lower costs. The digital currency XRP is sometimes used as a liquidity bridge in these transfers. Key points regarding the adoption by companies and banks: 1. RippleNet and XRP: RippleNet does not require the use of XRP, but it allows its use through the On-Demand Liquidity (ODL) service. ODL uses XRP as a bridge asset to transfer money between different currencies, reducing the need for pre-funded bank accounts in each country. 2. Companies and banks collaborating with Ripple: Ripple has collaborated with several major financial institutions and banks around the world, including: Santander Bank, Bank of America, PNC Bank, Standard Chartered, SBI Holdings (Japan), Tranglo (Asia). Some of these institutions do not use XRP directly but benefit from RippleNet's technologies. 3. Advantages that make Ripple attractive to banks: Transfer speed: completed in seconds compared to days with traditional bank transfers. Very low cost. Real-time transaction tracking. Strong support from Ripple as a fintech company. 4. Presence in Asia and the Middle East: Ripple has a strong presence in Asia (especially Japan and the Philippines) and in the Middle East through partnerships with remittance companies like UAE Exchange and QNB. These regions see significant demand for quick transfers, making XRP a suitable solution. 5. Will banks actually use XRP? Some banks prefer not to use digital currencies directly for regulatory reasons. However, small and medium-sized remittance companies and fintech companies are the most frequent users of XRP. If you like, I can provide you with an updated list of the latest companies and banks that have started or expanded their use of XRP and RippleNet. Would you like me to look it up now?