La XRP cryptocurrency is the one with the best acceptance and use in the banking system. Major cryptocurrencies, such as Bitcoin, Ethereum, Solana, and others, achieve very high prices in the crypto market, but have not been fully accepted by banking institutions. This makes It is difficult to make transactions, tax returns and legal procedures with capital in cryptocurrency format.However, XRP has emerged as the bridge between digital currencies and banking entities.
XRP was launched on the crypto market in 2013. Its creators, Chris Larsen y Jed McCaleb, founded the company Ripple, which was initially called OpenLabs. Its intention was to issue a different cryptocurrency, one that did not depend on the blockchain protocol, that could consult its holders for any situation, and that could be accepted in banks and government institutions. Under these criteria, it was designed to work with a P2P system, which in the United States is closely related to the banking system.
PREPARE YOUR WALLETWhy is XRP called “the cryptocurrency of banks”?
The history of XRP is somewhat complex. The first attempts to create this digital currency began in 2004 (four years before Bitcoin). However, the project received little support. It was the launch of BTC in 2009 that gave this cryptocurrency a new lease on life, although its creators worked hard to "Fix Bitcoin Problems"and create a different cryptocurrency. From the beginning, it was assumed that this cryptocurrency should be"a complement to the banking system"and not a financial world parallel to banking. XRP has links and protocols that easily adapt to the demands of these entities.Some of these features are as follows:
- It does not use a hermetic blockchain protocol, but rather works through the consensus of cryptocurrency holders.
- Su network is of P2P type, allowing for changes to the currency's operation when deemed appropriate. This "consensus" mechanism is ideal for the banking system, as banks cannot delegate and rely on mining calculations and blockchain blocks.
- La currency does not have an emission limit (as is the case with BTC). To control its price and the amount of XRP in circulation, the strategy of token burning.
- El XRP price, in the first months of 2025, is €2,23 ($2,43), quite low compared to other cryptosHowever, XRP's intention is to remain at a low, affordable price, allowing for everyday transactions: shopping at stores, supermarkets, buying a book, etc.
- By not using the complicated calculations of the blockchain, it is a cryptocurrency much faster for making transactions. In turn, it has great capacity to scale: up to 1.500 per second.
Banks have a big advantage when using XRP: can make international transactions immediatelyThis avoids the multi-day delays that a transaction can take between banks. Another advantage is that XRP fees are low, which saves on bank charges. But the best feature is that XRP is created not only with a technology that is coupled with banks, but also with an entire legal framework that allows communion between banking entities and cryptocurrency.
LINK CARD AND EARNThe implementation of XRP in banking systems
In the United States, XRP has been a currency for several years now. cryptocurrency used in government institutions and banksBanking institutions are part of the XRP P2P system and are consulted regarding the use of cryptocurrencies. This possibility to give opinions and propose ideas for currency management, is one of the best qualities of XRP. To optimize its use in banks, a protocol in which each bank becomes a node in the networkSpecifically, a network called has been optimized RippleNet, whose accounting information is inaccessible to the general public, if not only to XRP users. Powerful cryptographic algorithms have been designed to achieve the security required for a banking system.
Convert to Each bank in a node of the network makes everything easier, as these are points where many operations converge. The most common ones involve exits and entries of XRP towards the node-banks. But, one of the most important aspects are the transactions between “nodes."(between banks), since they are made at high speed, with minimal commissions and without the need to make changes between currencies of different countries in case of payments or deposits between banks of different countries.
An ideal cryptocurrency for cross-border payments
With XRP you can do Payments between banks of different nations, with different currencies: dollars, pesos, euros, yen, pounds sterling, etc.. Thanks to this quality, crypto has gained acceptance in several countries. Above all, it is a widely used currency for sending money and payments between banks USA and EuropeBy using it as a bridge between two currencies as strong as the dollar and the euro, it demonstrates that there are ways to connect the crypto world with traditional banking.
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That is how not only has it spread in USA, but in other nationsWhile some cryptocurrencies are designed to run on the blockchain, XRP has an open system (no mining, no blockchain, etc.), so its flexibility gives it the ability to adapt to institutional networks. Traditional banking uses money issued by central banks. Now, that same Banks are absorbing cryptocurrencies without abandoning conventional money..
Finally, for the general public, XRP offers to use cryptocurrency capital with the same tools as banksThat is, any payment with XRP can be made from the trusted bank's well-known platform, without using exchanges or crypto wallet software. This helps individuals, institutions, e-commerce, and service payments be made with cryptocurrency.
