Many digital assets were introduced to reduce reliance on traditional financial institutions. XRP, however, has long been presented as a cryptocurrency with a different objective. Crypto rese
Many digital assets were introduced to reduce reliance on traditional financial institutions. XRP, however, has long been presented as a cryptocurrency with a different objective.
Crypto researcher SMQKE recently reinforced the view, stating that “XRP is specifically designed for use by banks,” renewing discussion about the asset’s original purpose and its place within the global financial system.
The statement quickly prompted reactions from members of the XRP community, with some questioning whether banks have truly embraced the digital asset as others pointed to Ripple’s long-term institutional strategy.
SMQKE’s post focused on the idea that XRP was built to address inefficiencies in cross-border payments. The XRP Ledger enables transactions to settle within seconds while charging extremely low fees, making it significantly faster than traditional international payment systems that often require several days to complete transfers.
Supporters of XRP also noted that one of its primary advantages is its ability to provide on-demand liquidity. Rather than requiring banks to maintain large amounts of capital in foreign accounts to facilitate international payments, XRP can serve as a bridge asset, allowing funds to move between different currencies almost instantly. Ripple has promoted this approach as a way to reduce costs and improve capital efficiency for financial institutions.
XRP is specifically designed for use by banks.
— SMQKE (@SMQKEDQG) July 11, 2026
SMQKE’s post generated several responses that reflected different views on XRP’s relationship with banks.
One community member, Joe E, questioned the claim by asking why banks appear to oppose XRP if it was designed for their use. He wrote, “Then why are the banks the ones attacking XRP all the time and trying to stop Ripple?”
Another community member, LadyP, suggested that Ripple’s primary objective extends beyond commercial banks. According to her, the company has largely focused on central banks while also pursuing a portion of SWIFT’s global payments business. She referenced Ripple CEO Brad Garlinghouse’s previous comments indicating that Ripple aims to capture 14% of SWIFT’s transaction volume over time.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
While SMQKE’s tweet centered on XRP’s intended purpose, Ripple’s broader business strategy provides additional context for the discussion.
Ripple has spent years developing payment infrastructure for financial institutions, forming partnerships with banks and payment providers across multiple regions. The company has also continued expanding its regulatory footprint while introducing products tailored for institutional clients.
It is also important to distinguish Ripple from XRP. Financial institutions can use Ripple’s payment infrastructure without necessarily using XRP in every transaction. In addition, Ripple recently introduced RLUSD, its U.S. dollar-backed stablecoin, to serve institutions seeking blockchain-based settlement without exposure to cryptocurrency price fluctuations.
Although banks are not required to adopt XRP, supporters argue that the asset becomes particularly useful in payment corridors where liquidity is limited or expensive. From that perspective, SMQKE’s statement reflects the original design philosophy behind XRP, while actual adoption depends on each institution’s operational, regulatory, and commercial considerations.
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 Expert Says XRP Is Specifically Designed for Use By Banks, XRP Army Reacts appeared first on Times Tabloid.
