A crypto analyst has drawn attention to XRP’s growing presence in global finance by linking it to eight major financial institutions handling a combined $7 trillion in yearly transactions. According to FinanceBro on X, these banks have begun using XRP in specific areas of their operations, highlighting the digital asset’s increasing real-world utility.
Shinhan Bank and Woori Bank are each reported to process about $1.8 trillion in annual transaction volume. The next is Bank of America, with 1.1 trillion dollars, and SBI Holdings processes 870 billion dollars.
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Some of the listed other banks include Santander, with a balance of $760 billion; American Express, with a balance of $665 billion; Standard Chartered, with a balance of $630 billion; and PNC, with a balance of $485 billion. Such entities are reported to be exploiting the XRP to carry out some of their preferred payment activities.
The analyst declares that institutions of such size would not use XRP unless there are quantifiable returns. The assertion has generated re-awakened hope in the use of XRP among finance giants, particularly when the extent of use of XRP within the firms is scarce yet consistent.
Analyst Points to Strategic XRP Usage Among Top Financial Players
FinanceBro pointed to reports suggesting Bank of America uses XRP internally, adding weight to speculation about its expanding role in U.S. banking. RippleNet’s infrastructure, which supports XRP for liquidity and cross-border settlement, is seen as a core part of this integration.
The crypto community has reacted to the news with optimism, viewing it as a sign of XRP’s increasing institutional relevance. Although the full-scale implementation is yet a conjecture, the exposure to such high transactional volumes is a point of turnaround.
Ripple has also been aggressive in licensing to enable wider financial collaborations, setting the stage for future growth. If further XRP usage is allowed in these banks, its adaption and market role may be seriously affected.
The proposals that more than 7 trillion dollars worth of transactions have an uncanny association with XRP have heralded the asset to the limelight. As institutions move toward blockchain solutions, the use of XRP in cross-border finance will be hard to overlook.
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