Cryptocurrency Q&A
Do banks really use XRP?
Do banks really use XRP?
GinsengBoostPowerBoostVitality
Fri Dec 06 2024
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5 answers
1107
I'm curious about the usage of XRP in the banking industry. I want to know if banks actually adopt and utilize XRP in their operations, or if it's just a rumor or speculation.
5 answers
NebulaNavigator
Sun Dec 08 2024
Real financial institutions have adopted RippleNet for facilitating cross-border payments.
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CryptoGuru
Sun Dec 08 2024
This widespread adoption serves as a testament to the practical utility and real-world application of Ripple's technology.
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AmyDavis
Sat Dec 07 2024
In terms of energy consumption, XRP transactions are significantly more energy-efficient compared to transactions involving Bitcoin and Ethereum.
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Filippo
Sat Dec 07 2024
The Ripple network's energy usage is remarkably low, consuming only as much energy annually as approximately 50 households in the United States.
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Chloe_martinez_explorer
Sat Dec 07 2024
This low energy consumption is a notable advantage of using Ripple's technology for financial transactions.
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