Who Actually Uses XRP? Separating Reality From Narrative
XRP's utility is specific, primarily serving as a bridge currency for fast, low-cost cross-border payments by traders and infrastructure providers.Summary
XRP is a polarizing asset, often criticized as purely speculative, yet it possesses specific real-world utility distinct from Bitcoin or Ethereum. Launched for fast, efficient cross-border payments, the XRP Ledger settles transactions in seconds for minimal cost, making XRP ideal as a bridge currency for instant fiat conversions.
The primary users of XRP today are retail investors, estimated at 2 to 3 million individuals globally, alongside crypto exchanges using it for liquidity management. Key infrastructure users include payment providers like SBI Remit in Japan and Tranglo in Southeast Asia, who utilize Ripple's On-Demand Liquidity system.
While major banks use Ripple's underlying software, they generally do not use XRP directly; only select partners do. Furthermore, XRP is technically required to hold an account and pay transaction fees on the XRP Ledger itself. Therefore, XRP's actual use is concentrated in specific financial infrastructure roles rather than broad, universal adoption.
(Source：BeInCrypto)