“
Ripple has been a popular startup for incumbents to work with, and some of them are creating projects that utilize its native asset, XRP. Incumbents such as Bank of America, RBC, Santander, BMO, CIBC, ATB Financial, and more use Ripple’s blockchain-based technology to achieve faster and more secure financial transactions. 15 If realized, these efforts could not only reward the companies that utilize Ripple but also potentially benefit Ripple’s own cryptoasset, XRP, which can be used as a bridge currency to help settlements on the Ripple network.
”
”
Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)