Recent analysis by researcher SMQKE has highlighted the use of XRP by major institutions such as American Express, Bank of America, Santander, and the Bill & Melinda Gates Foundation.
XRP as a Bridge Currency
According to the document shared by SMQKE, XRP is described as acting as a bridge currency for exchanging to other fiat currencies on the Ripple platform. Ripple is defined as a real-time gross settlement system, currency exchange, and remittance network.
Financial Giants and Philanthropy Acknowledge Ripple Technology
The mention of organizations like American Express, Bank of America, and Santander highlights the degree of institutional recognition that the asset has achieved. These financial institutions leverage Ripple’s technology, indicating a growing integration of digital assets into the traditional financial system. The document also emphasizes Ripple's collaboration with the Bill & Melinda Gates Foundation on an initiative aimed at achieving carbon net-zero by 2030.
XRP Positioned Among Leading Cryptocurrencies
The document also features a table comparing XRP to other major cryptocurrencies, such as Bitcoin, Ether, Binance Coin, Cardano, and Solana. XRP stands out in this listing as the only cryptocurrency explicitly linked to major financial institutions and a large philanthropic organization in the context of bridge currency functionality and sustainability initiatives.
The document shared by SMQKE reinforces XRP's status among major global financial players and philanthropic organizations, affirming its relevance in contemporary finance and charity operations.
