Ripple CTO: Banks Are Too Slow for XRP

XRP’s relationship with traditional banking institutions has long been part of its story, but the focus may be ￰0￱ comments from Ripple’s Chief Technology Officer (CTO), David Schwartz, suggest that the company’s reliance on banks has diminished as new forms of liquidity take ￰1￱ remarks were spotlighted by XRP Governor (@xrpgovernor), a well-known crypto proponent on ￰2￱ to XRP Governor, “Decentralized liquidity is ￰3￱ legacy system is cracking. A new financial era is underway.” MAJOR ALERT Ripple CTO declares: “$XRP no longer needs banks.” Decentralized liquidity is ￰4￱ legacy system is cracking. A new financial era is ￰5￱ — XRP Governor (@xrpgovernor) August 29, 2025 Schwartz on Banks and Adoption In the video, Schwartz reflected on Ripple’s early approach, which prioritized partnerships with banks to gain credibility and ￰6￱ noted that in the beginning, securing agreements with banks appeared valuable because “a press release with a bank is a big thing.” However, Schwartz acknowledged that progress often stalled after the publicity, describing banks as “very slow movers” and “very conservative.” He explained that while banks offered prestige, they rarely accelerated adoption at the scale Ripple ￰7￱ observed that financial institutions often avoided transferring the benefits of faster settlement and liquidity to their customers, as doing so would highlight inefficiencies in their own ￰8￱ to him, this limited the usefulness of such partnerships for Ripple’s broader ￰9￱ Toward Liquidity Without Banks The central takeaway from Schwartz’s comments is a recognition that XRP does not depend on banks to advance its use ￰10￱ stated that Ripple has shifted its focus, moving away from pursuing deals that generate publicity but little practical value.

Instead, the company aims to support real-world adoption and volume through mechanisms that bypass the constraints of traditional ￰11￱ emphasizing decentralized liquidity, Schwartz pointed to a path where XRP facilitates transactions without requiring approval or participation from large, slow-moving ￰12￱ XRP holders and users, this represents an opportunity to see more activity driven by market needs rather than bank-led ￰13￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What’s Next for XRP? The comments reflect an important moment for Ripple and ￰14￱ Ripple has hundreds of partnerships with banks , Schwartz’s assessment shows that Ripple sees faster progress outside those ￰15￱ focus on decentralized liquidity suggests that XRP may achieve broader utility in areas where speed, efficiency, and global accessibility are more critical than institutional ￰16￱ XRP supporters, this message is that growth is likely to come from new financial models that do not depend on legacy systems or institutions .

Schwartz’s remarks indicate that the strategy has shifted decisively toward frameworks where banks are no longer central to ￰17￱ : This content is meant to inform and should not be considered financial ￰18￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰19￱ are advised to conduct thorough research before making any investment ￰20￱ action taken by the reader is strictly at their own ￰21￱ Tabloid is not responsible for any financial ￰22￱ us on X , Facebook , Telegram , and Google News