Ripple Confirms 13,000 Banks And $12.5 Trillion In Payments, One Analyst Says It Points To $625 XRP

During the SEC v. Ripple case, it surfaced that there were 1,700 NDAs between Ripple and other companies. These led to speculations among members of the XRP community as to the nature of these companies. However, Ripple has now publicly confirmed that its treasury platform is now connected to 13,000 banks and facilitates $12.5 trillion in payment volume. 

According to Riley, a network of 13,000 connected institutions, therefore, represents substantial penetration across the Anglosphere financial system.

At the time of writing, XRP is trading at $1.39.

Featured image from Pexels, chart from TradingView