Ripple's David Schwartz Advocates for XRP Over Ethereum and Solana in Banking
Ripple's former CTO argues that banks may prefer XRP for certain financial use cases despite competition from Ethereum and Solana.
Ripple's former CTO argues that banks may prefer XRP for certain financial use cases despite competition from Ethereum and Solana. Ethereum (ETH) is trading at $2,302.69, down 0.3% since this brief published. This is an original TLT brief synthesising 2 outlets (ZyCrypto, Finbold), plus live market data, as of Mon, 26 Oct 2026 21:00:05 UTC.
This highlights the ongoing competition between blockchain platforms for dominance in the banking sector, with significant implications for institutional adoption and market positioning.
- David Schwartz defends XRP's relevance in international finance
- He argues banks may choose XRP over Ethereum and Solana for specific use cases
- Global scam losses projected at $443 billion by 2025
- XRP, ETH, and SOL continue to compete for market share
Both ZyCrypto and Finbold report that David Schwartz, Ripple's former CTO, emphasized XRP's continued relevance in international finance and argued that banks might prefer it over Ethereum and Solana for certain use cases. However, only Finbold mentions the projected $443 billion in global scam losses by 2025, which Schwartz cited as a factor in his argument for more controlled blockchain solutions. The outlets agree on the core points of Schwartz's advocacy for XRP but differ in the details they emphasize, with Finbold focusing more on security concerns.
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- Ripple's David Schwartz Advocates for XRP Over Ethereum and Solana in Banking — this brief
Ripple's former CTO, David Schwartz, has reaffirmed on the importance of 
XRP in the global financial landscape, particularly in comparison to 
Ethereum and 
Solana. In an interview aired Saturday, Schwartz argued that banks might still opt for XRP in specific use cases due to its unique advantages.
The comments come amid escalating competition between Ripple, Ethereum, and Solana, each vying for dominance in the blockchain space. Schwartz's advocacy for XRP underscores the platform's potential in international transactions and its perceived reliability in the eyes of financial institutions.
According to Finbold, Schwartz also highlighted the issue of security, referencing the projected $443 billion in global scam losses by 2025. This figure underscores the need for more controlled and secure blockchain solutions, which Schwartz believes XRP can provide.
The broader market context shows a relatively flat overall crypto market cap of $2.74 trillion, with 
Bitcoin experiencing a 0.89% drop in the last 24 hours. Ethereum, XRP, and Solana have also seen slight declines, with ETH at $2310.62, XRP at $1.29, and SOL at $100.24. These figures reflect the competitive dynamics between the platforms, as each seeks to strengthen its position in the market.
The implications of Schwartz's arguments could influence institutional adoption of blockchain technology. As banks and financial institutions evaluate different platforms, the factors of security, control, and transaction efficiency will play crucial roles in their decision-making processes. Observers should watch for further developments in Ripple's partnerships and technological advancements to gauge XRP's trajectory.
Since this brief published about 8 hours ago, Ethereum (ETH) has moved from $2,310.62 to $2,302.69 — -0.34%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.19M (about $2,302.69), down 1.8% over 24 hours. The naira itself trades about 3.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Ripple's David Schwartz Advocates for XRP Over Ethereum — questions & answers
What advantages does XRP offer over Ethereum and Solana?
Schwartz suggests that XRP's advantages include better suitability for certain financial use cases, though specific details are not provided.
Why does Schwartz mention global scam losses?
He cites the projected $443 billion in global scam losses by 2025 to emphasize the need for more controlled and secure blockchain solutions.
How does this affect the competition between blockchain platforms?
Schwartz's comments highlight the ongoing rivalry between XRP, Ethereum, and Solana, with each platform seeking to prove its superiority in the banking sector.
How much is 1 Ethereum worth in naira today?
About ₦3.19M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,302.69. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.34% since this brief first published — trading at $2,302.69 now versus $2,310.62 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from ZyCrypto, Finbold, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.