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Ripple CTO says banks won't avoid XRP despite Ripple's large token holdings

Market News
02 Apr 2026
CoinPedia
View Source
Neutral
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Ripple's CTO David Schwartz dismissed concerns that banks would avoid using XRP because Ripple holds 34 billion tokens. He argued that banks do not reject profitable infrastructure just because the vendor also benefits. Currently, banks like Deutsche Bank and Société Générale use Ripple's infrastructure but settle in fiat or RLUSD rather than XRP. Ripple processed $13 trillion in payments last year with none through crypto rails, showing that XRP adoption depends on regulatory clarity, such as the pending CLARITY Act. Ripple's new national trust bank charter and treasury tools may boost XRP use, but widespread adoption hinges on legal classification and compliance pathways.

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