Adoption and usability are still the Achilles' heel of cryptocurrencies. The vast majority of them are not used at all and are unlikely to be used in the future. Bitcoin, Ethereum or Ripple have not yet shown their full potential. However, it seems that the latter cryptocurrency, in particular, has been given quite a lot of attention in the banking world. Such attention can certainly help it in the future.

An XRPArcade survey confirmed that at least 38 of the 100 largest banks in the world deal with Ripple in some way. The vast majority are particularly interested in investing in Ripple or directly implementing this technology. The main focus is on cross-border payment technology, which allows extremely fast international transactions at very low fees.

According to the survey, up to 18 banks are currently using this technology and this number is expected to increase. The best-known banks include names such as HSBC, BNP Paribas, the Royal Bank of Canada and Banco Santander. The best-selling name on the list is certainly the Japanese bank Mitsubishi UFJ Financial Group (MUFG). This bank manages assets totaling up to $ 2.5 trillion, making it the world's fifth-largest bank.

However, Ripple does not just focus on banks. It is used by at least 300 different companies in more than 40 countries worldwide. The best-known companies include American Express, MoneyGram and Santander. However, the number of companies that have yet to explore the technology is much higher, according to the survey.