Ripple CTO: We Focused On Banks, We Want to Move Billions of Dollars Now

A video shared by crypto influencer Lord XRP (@Bitforcoinz) has drawn attention to comments made by Ripple CTO David Schwartz regarding the company’s dealings with traditional banks. In the video, Schwartz stated that banks are “very slow movers” and explained Ripple’s growing frustration with their limited willingness to innovate. The post emphasized Ripple’s ambition to reshape cross-border finance and highlighted the perceived limitations of working with established financial institutions. The Limitations of Bank Partnerships Schwartz described banks as reluctant and conservative players in the financial technology space. He stated, “It’s very sexy when you close a deal with the bank, you know, and we do that sometimes, but they’re very slow movers.” He explained that while partnerships with banks were initially a strategic focus for Ripple, the practical outcomes have not always aligned with the company’s long-term goals. According to Schwartz, one of the main challenges in working with banks is their hesitation to innovate. “They’re very slow to execute, they’re very conservative. They’re never going to be Ripple’s success stories,” he said. He noted that banks often resist passing technological benefits on to their customers due to the exposure of internal inefficiencies, as XRP usually removes unnecessary friction from traditional systems. There have been recent calls from the community for Ripple and XRP to take over SWIFT’s role , as it fixes the problems of the legacy system. However, a partnership with Ripple would be an admission by SWIFT of its inefficiencies. Ripple Shifts Focus to Scalable Adoption Schwartz emphasized that although Ripple once prioritized bank-related announcements for public relations purposes, the company has since shifted its focus. “We focused a lot on banks in the beginning just because a press release with a bank is a big thing,” he acknowledged. However, he indicated that Ripple’s priorities have evolved. “Now we’re like, hey, like, we want to, like, move billions of dollars now, and they’re like, yeah, we kind of don’t.” His comments underline Ripple’s increasing emphasis on real-world adoption and scalability over symbolic partnerships. DAVID KNOWS #XRP IS THE SOLUTION FOR A MULTI-TRILLION-DOLLAR PROBLEM AND #RIPPLE WILL FIX THIS IN THE FUTURE!! IF YOU SEE THIS POST YOU ARE A VERY EARLY INVESTOR GET READY!! pic.twitter.com/Lds9z1wmCa — Lord XRP (@Bitforcoinz) June 1, 2025 We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Schwartz suggests that while banks may serve as a means of gaining visibility, they are not always the most effective channels for achieving Ripple’s broader objectives. The Vision for XRP Schwartz’s statements point to Ripple’s long-term vision for the XRP ecosystem. His focus on scalability, inefficiencies in traditional systems, and the need for execution-ready partners reinforces the company’s core direction and desire to move billions of dollars with XRP. Banks are still working with Ripple, as recent reports suggest banks across the globe are building on the XRP Ledger . However, Ripple’s approach enables purpose-driven partnerships and increased adoption of XRP for real-world utility. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CTO: We Focused On Banks, We Want to Move Billions of Dollars Now appeared first on Times Tabloid .

Source: TimesTabloid