Banks are showing increasing interest in BTC and XRP

Against the background of regular speeches by bank representatives, it becomes obvious that financial institutions are more and more positive about crypto-currencies - this is even taking into account not the best situation on the market.

Digital assets, in particular BTC and XRP, are becoming increasingly interesting tools for banking institutions. It is noted that a number of large organizations directly contribute to trade operations with bitcoin, and Ripple, in turn, provides them with everything necessary for proper processing of payments.

Increasingly, there is a feeling that financial institutions are becoming more and more sympathetic towards the crypto industry. Half a year has not passed since the head of JP Morgan Jamie Dimon called crypto-currencies a silly undertaking, and already today the organization gives its customers the option of futures trading bitcoin. Also, some banks have already allowed payments between crypto-exchange operators and accounts of bank users.

Often bitcoin enjoys greater privileges in the eyes of bank representatives than other digital assets - the coin is treated on a par with any other currencies.

"The main reason is that Ripple is a much more direct competitor for banks, because it is more a transaction network than a currency. It is much more plausible that it will become the target for banks. At the same time, bitcoin acts more like a currency, and does not pose a particular threat, "said Global Blockchain's head Shidan Guran.
Although Ripple is a potentially possible competitor for classical financial institutions, it is more likely to form partnerships between them.

According to Darren Marble, CEO of CrowdfundX, the developers of Ripple are able to offer useful solutions to banks, which will have a very positive impact on the organization of the partnership between the industry and the financial system. At the moment, large banks are developing their own blocking solutions, however, cooperation with the company in the likeness of Ripple will significantly accelerate this process.

For this reason, all statements from major banking organizations should not be taken as seriously as possible, because, in fact, banks are now busy testing the Crypto-currency and trying to understand their main idea. Until all is clear, the flow of various warnings from financial institutions will not stop. It is worth noting that, at the same time, it is unlikely that the financial institutions themselves are willing to voluntarily give up the advantages of blocking technologies.