In a recent interview with CNBC, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, expressed his optimism about American banks and financial institutions returning to using the XRP token for cross-border transactions. The positive outlook follows Ripple’s partial victory in its legal battle against the Securities and Exchange Commission (SEC).
US Banks Want To Use XRP
Alderoty revealed that Ripple plans to initiate discussions with U.S.-based financial firms in the coming quarter regarding the adoption of the On-Demand Liquidity (ODL) product, which utilizes XRP as a bridge between fiat currencies for seamless cross-border payments.
When asked if the recent court ruling would generate increased interest from banks, Alderoty confidently replied, “I think the answer to that is yes.” Alderoty added, “hopefully, this quarter will generate a lot of conversations in the United States with customers, and hopefully, some of those conversations will actually turn into a real busine
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