XRP Ledger (XRPL) blockchain can process 3,400 transactions per second (TPS), allowing it to handle 293 million daily transactions.
XRP has emerged as a favorite token for banks looking to digitize their services for global reach.
XRP influencer Alex Cobb has highlighted some interesting statistics about the XRP Ledger (XRPL). Based on this data, it is clear that XRP was designed as a global utility asset. The analyst highlighted the figures theoretically possible to achieve on the ledger. The analyst noted that XRP can handle 3,400 Transactions per second. This translates to 204,000 per minute, 12.24 Million per hour, and 293 Million per day. Based on this, the analyst states that XRP is truly designed to be a global utility asset for banks all around the world
As CNF reported, XRP is already a favorite with banks. A recent BCBS report shows how 19 of the 182 banks involved in the Basel III exercise are betting on crypto assets, highlighting XRP alongside Bitcoin and Ethereum. With 2%

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