Cryptocurrency Q&A
Is Ripple being used by banks?
Is Ripple being used by banks?
CryptoAlly
Sat Apr 05 2025
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7
answers
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I heard Ripple is a kind of digital currency, but I'm not sure if it's already being adopted by banks. I want to know if Ripple is currently being used by any banks, and if so, which ones.
7 answers
CharmedWhisper
Mon Apr 07 2025
ODL, which stands for On-Demand Liquidity, leverages the cryptocurrency XRP.
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Sara
Mon Apr 07 2025
The majority of banks and financial institutions have adopted RippleNet's solutions.
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Martino
Mon Apr 07 2025
Specifically, they utilize tools like xCurrent and xVia for their operations.
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Daniela
Mon Apr 07 2025
However, despite integrating RippleNet, these institutions do not use ODL.
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TaegeukChampionCourage
Sun Apr 06 2025
The decision not to use ODL indicates that these banks and institutions do not directly engage with XRP.
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