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Ripple's CTO says institutional interest in blockchain has grown, highlighting XRP's evolving role in payments.

Protocol Fundamentals
19 Oct 2026
Tokenpost
View Source
Neutral
Ripple's CTO says institutional interest in blockchain has grown, highlighting XRP's evolving role in payments.

Ripple CTO Emeritus David Schwartz shared that Ripple initially downplayed the blockchain aspect of XRP payments to hesitant institutional clients but now sees growing interest in blockchain strategies among firms. Ripple's On-Demand Liquidity service allows institutions to use XRP as a bridge currency in cross-border payments without holding XRP directly. Institutional exposure to XRP varies between holding the asset, as Evernorth Holdings does with 473 million XRP, and using it as a payment bridge. Schwartz's comments reflect a shift in how Ripple presents XRP-based services and the expanding role of blockchain in finance.

XRP is currently trading at Rp23.388 on Pluang, showing a 2.52% increase in the last day. As of Oct 20, 2026 01:21 WIB, the market cap stands at Rp1.481,18 trillion with a 60% buy order activity, indicating steady interest in the asset.

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