- Financial strategist Jake Claver claims major banks are testing XRP for real-time payments, potentially shifting the financial landscape.
- While some see this as a breakthrough, others remain skeptical about its immediate impact on price and adoption.
Jake Claver, a respected business leader and financial strategist, has sparked conversation on social media with his latest claim—major banks are actively testing XRP for real-time payments. His statement, shared on X (formerly Twitter), suggests a potential shift in the financial industry as traditional institutions explore blockchain-based solutions for cross-border transactions.
The Growing Role of XRP in Banking
According to Claver, financial institutions are beginning to embrace XRP, moving assets worth half a trillion dollars onto the XRP Ledger (XRPL). He described this development as a “revolution happening in real time,” reinforcing the idea that XRP’s adoption is no longer theoretical but actively unfolding.
While Claver did not disclose specific names, his assertion points to the possibility that large banks may be preparing to integrate XRP into their payment systems. If true, this could mark a significant departure from conventional settlement methods like SWIFT, which currently dominates the industry.
Market Reactions: Skepticism vs. Optimism
Claver’s claims have triggered mixed reactions among cryptocurrency enthusiasts. Some remain skeptical, questioning whether institutional adoption will have a tangible impact on XRP’s market price.
One user, CryptoTA, noted that Ripple, the company behind XRP, has partnered with fewer than 100 banks, while SWIFT remains the preferred system for over 11,000 financial institutions worldwide. He argued that price movements are more influenced by large holders than by adoption alone, highlighting the ongoing debate over the real-world impact of XRP’s use in banking.
Conversely, others, like user Dean G, believe XRP’s true potential has been stifled by regulatory uncertainty. The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has deterred some institutions from fully committing to the asset. However, with the SEC recently dropping its case against XRP, some speculate that wider adoption could follow.
A Shift in the Global Payments Landscape?
If major banks are indeed testing XRP for transactions, it could signal a major shift in the financial industry. While some remain doubtful about its immediate price impact, the possibility of blockchain-based payments replacing traditional systems cannot be ignored.
Whether XRP’s adoption will lead to widespread disruption or remain a niche solution remains to be seen. However, Claver’s statement has certainly reignited discussions on the future of digital assets in banking.
