Top Analyst Reveals Why Banks Will Not Adopt Ripple's XRP: Unveils Superior Crypto Alternative

In a recent analysis, a top cryptocurrency expert has shed light on why banks may be hesitant to adopt Ripple and its associated cryptocurrency, XRP.

A prominent cryptocurrency analyst has recently shared his insights on why banks may not be adopting Ripple and its native cryptocurrency, XRP, despite the company's efforts. The analyst argues that XRP's lack of on-chain activity and inability to compete with SWIFT, among other factors, may hinder its widespread adoption in the banking sector.

In a recent analysis, the expert begins by highlighting Ripple's recent decision to implement native smart contract capabilities, which is planned for 2025. He points out that this move seems to be following in the footsteps of Stellar, which has already implemented similar features.

"If you follow the footprints, you'll realize that Stellar had smart contracts before Ripple even announced it, and it's funny because people don't even notice this," the analyst said.

The expert goes on to emphasize the importance of distinguishing between Ripple, the company, and XRP, the cryptocurrency. He argues that many supporters don't fully understand this distinction, stating,

"When you support XRP, you should be saying Ripple is better, not XRP is better, if you really knew what you're talking about."

One of the most significant points raised by the analyst is the lack of visible on-chain activity for XRP. According to the expert, when checking on-chain activity for various cryptocurrencies, XRP doesn't rank anywhere among the top.

"I don't see banks using XRP. Maybe they're using some of Ripple's technology, but I don't see XRP being used by banks," the analyst claims.

While he acknowledges that banks might use some of Ripple's technology, he expresses doubt about their adoption of XRP itself.

The analyst also draws numerous comparisons between Ripple and Stellar, consistently positioning Stellar (XLM) as the first mover in various areas:

"The funny thing about XRP and Ripple is that they follow Stellar's footsteps a lot. You'll realize that Stellar had smart contracts before Ripple announced it. You'll also realize that Stellar had NFTs before XRP even announced NFTs."

The expert criticizes the XRP community for not thoroughly researching on-chain activities and relying too heavily on speculative articles about bank adoption. He states,

"People just find articles and they're like, 'Oh, look at all the banks that XRP is going to be used,' and they don't understand the actual mechanisms."

The analyst further argues that Stellar's founder, Jed McCaleb, who was also a co-founder of Ripple, has been "10 steps ahead" in his vision. He suggests that this foresight led to McCaleb's departure from Ripple and the creation of Stellar.

"If you follow the footprints, you'll realize that Jed left Ripple for a reason, and the footsteps show that he was probably 10 steps ahead," the expert said.

The expert touches on the philosophical differences between Stellar and Ripple, with Stellar focusing more on public accessibility while Ripple targets banks. However, he argues that many banks are creating their own blockchain solutions, potentially rendering XRP unnecessary.

"The funny thing is that a lot of banks are creating their own blockchain solutions. I don't really see where XRP fits in the picture," the analyst states.

The analyst expresses a pessimistic view of XRP's short-term prospects, stating, "The reality is, XRP isn't probably going to do anything this bull run." He suggests that significant adoption could be 5–10 years away if it happens at all.

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