Qadir AK

Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Jul 30, 2025 14:15 UTC
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Ripple’s Schwartz Defends Low XRPL Volume, Highlights Offchain Bank Settlements

Ripple co-founder David Schwartz addressed concerns over a 30-40% decline in XRP Ledger (XRPL) activity, explaining that many banking partners settle transactions offchain. While Ripple claims hundreds of bank collaborations, institutional use primarily occurs outside the blockchain, contributing to lower onchain volume. This offchain settlement approach raises ongoing transparency questions about XRPL usage and the true scale of Ripple’s network operations in the banking sector.

Ripple’s Schwartz Defends Low XRPL Volume, Highlights Offchain Bank Settlements

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