CTO Ripple: "Banks have little incentive to adopt XRP"

Ripple CTO David Schwartz (David Schwartz) During the discussion on the social network, Twitter told his point of view on the causes, preventing the adoption of XRP among banks.

Schwartz emphasized, that there is a whole set of obstacles to the adoption of XRP among financial institutions for international payments. In his opinion, The main reasons for the delay in the adoption of XRP are regulatory uncertainty, problems of integration with banking decisions and fear of disapproval from existing partners.

Ripple Technical Director noted, that often the matter is not even that, that financial institutions are afraid to introduce XRP, And in that, that the small prevalence of XRP makes support for this asset not too necessary. Even if the bank introduces support for international payments using Ripple solutions, Only a small number of partners will be able to use such services.

but, According to Schwartz, The more organizations will connect to the Ripple network, the more interesting it will be for financial institutions, And the growth of the XRP ecosystem will become an avalanche -like.

Note, that Ripple is now considering the possibility of “moving” to another jurisdiction in connection with the regulatory uncertainty of the United States regarding digital assets. Very likely, that Ripple will transfer its headquarters to Japan.