Saturday, January 28, 2023

Ripple CTO tries to offer answers for lack of adoption By Cointelegraph


Ripple CTO tries to offer answers for lack of adoption

Amid a difficult year for the payments-focused cryptocurrency, Ripple’s CTO David Schwartz has recently taken to Twitter to discuss with community members why banks have been reluctant to adopt XRP as a bridge.

During an exchange with a member of the community last week, Schwartz explained that there are a set of obstacles Ripple is facing that has led to banks’ reluctance to use XRP to settle cross-border transactions.

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