The Reality of XRP and the Reasons Banks Haven't Adopted It Yet

Current Adoption Status of XRP: Major financial institutions have not yet adopted XRP for global settlement, which is attributed to a planned sequence of development rather than failure. The focus has been on building a resilient financial architecture with the XRP Ledger.

Phased Approach to Integration: The integration of Ripple’s technology into existing financial systems is crucial for establishing trust with key institutions like central banks and payment companies, which is necessary before any transition to XRP settlement can occur.

Importance of Reliability and Compliance: Large-scale institutional adoption of new protocols like XRP cannot happen overnight; it requires proven reliability, compliance, and assurance of seamless operation at a global scale.

Long-Term Strategy for Adoption: The path to XRP’s widespread usage is seen as a gradual process, with foundational requirements being laid out to support eventual large-scale settlement once trust and infrastructure are fully established.