• Ben Armstrong shares insights on the US banks’ potential adoption of Ripple’s XRP for international payments.
• Ripple CEO Brad Garlinghouse has hinted at the wider adoption of XRP following the token’s landmark victory against the SEC.
• With XRP’s legal clarity and major upgrades, Ripple is heading towards acquiring its vision.

Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States. 

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In a recent video, Ben Armstrong, a prominent voice in the blockchain sector, asserted that the US banks’ adoption of XRP is poised to be “the key to XRP’s success.”

Ripple has been moving through a tough period for more than two years since the Securities and Exchange Commission (SEC) sued the platform in 2020. 

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The regulators accused Ripple and its executives of allegedly raising “over $1.3 billion through an unregistered, ongoing digital asset securities offering.”

Though Ripple envisioned the global expansion and wider adoption of XRP, its legal challenges remained a severe hurdle in its path. 

However, in 2023, Judge Analisa Torres’ landmark ruling that classified XRP as a non-security tagged it as the only token with “legal clarity.” 

As per Ben Armstrong, Ripple’s win against the SEC hints at Ripple achieving its vision.

Armstrong delved deep into the history of XRP, unveiling its transition with upgrades and updates. 

He shed light on the “fatal flaw” of Ripple’s software that hindered the banks’ adoption of XRP. 

Although many banks leveraged Ripple’s software for cross-border transactions, the software never mandated its users to hold XRPs.

Thus, with Brad Garlinghouse figuring out the issue, Ripple introduced RippleNet and ODL (On-Demand Liquidity), replacing the previous products. 

This innovation envisions the broader adoption of XRP tokens, as it necessitates holding XRP for using Ripple’s blockchain. Armstrong described it as “the true value proposition of XRP.”

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Armstrong believes that by Monday, the XRP community will listen to the news of the wider adoption of XRP, as hinted by Garlinghouse. 

He added that Ripple’s CEO hasn’t done anything for the realization of the mission other than being “very strategic.”