Ripple, known for its RippleNet platform, raised $500 million from major Wall Street investors. The company uses XRP as a bridge asset for quick, cost-effective cross-border payments. An academic paper in Advances in Economics, Business and Management Research argues that XRP's role is structural, making its abandonment unlikely. Banks like Bank of America and Santander are part of the network, complicating a pivot away from XRP.
XRP supports secure transactions and reduces delays compared to traditional payment systems. CEO Brad Garlinghouse views XRP as 'our north star' and the company is expanding its use cases. Ripple’s RLUSD stablecoin complements XRP, not replaces it, according to executives.