Ripple CTO Emeritus Shares Take on Economic Value of XRP Adoption by Banks

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. David Schwartz, the former Ripple CTO, has defended the company’s business model as it relates to pushing for more XRP adoption. As is his custom, the clarification of the economic motive behind XRP’s integration with traditional banks came in a conversation on X . Advertisement Is Ripple pushing XRP for monetary gains? The conversation started with an X user, Mason Versluis, who gave an analysis about economic considerations in XRP integration with banks. He asked why any global bank would choose to use XRP and, in turn, "potentially boost its price through the roof, when Ripple holds 34B tokens?" In his belief, if the price of XRP jumps as high as proponents are pointing out, it might make Ripple Labs the most valuable financial institution in the world. Mason believes banks do not want that, and he questioned whether the utility and benefit to these banks are "big enough to just ignore certain things?" In response, David Schwartz said pushing for banks’ integration will surely make Ripple money. However, he noted that the company is not doing so because it will make the other firm money. "Yeah, this makes business sense for us to do and would make us money, but we don't want to do it because it also makes this other company money." — David 'JoelKatz' Schwartz (@JoelKatz) April 2, 2026 This positioning discounts any conditional adoption that does not place the actual utility of the digital currency in the spotlight. XRP, RLUSD and XRP Ledger adoption Over the past year, Ripple has championed the adoption of its associated products in different jurisdictions around the world. You Might Also Like Thu, 04/02/2026 - 11:24 Ledger CTO Urges Community to Increase Crypto Security After Recent Solana Dex Hack By Yuri Molchan As a bridge currency in financial transactions, Ripple has launched a platform to manage cash and crypto in the same place. This product emphasizes RLUSD, XRP and other top assets in the market. The role of XRP Ledger in delivering Ripple’s solutions is even amplified, with adoption from firms like Aviva Investors in the United Kingdom. David Schwartz, since his exit as the company’s CTO, has not stopped advocating for the innovations he helped pioneer, including XRP’s role. #ripple #XRP