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XRP vs. Traditional Banking Solutions: Why Banks Are Taking Notice of Ripple

  • XRP, the cryptocurrency associated with Ripple Labs Inc., is gaining attention as a bridge currency for the traditional banking sector.
  • Analyst CryptoTank highlights why banks are interested in using XRP instead of other digital tokens or CBDCs.
  • One reason is that accepting each other's tokens or CBDCs can give bigger banks a competitive advantage over smaller banks.
  • Additionally, XRP offers liquidity that is easily accessible, cheap, and with low to zero friction compared to the SWIFT network.

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