Ripple’s privacy problem: Why banks still won’t touch XRP
Insufficient privacy is the reason why most banks choose not to use XRP, according to Ripple CEO Brad Garlinghouse. Garlinghouse made the claim this week during a conversation with one of the XRP Ledger’s (XRPL) 35 most senior validators, a default unique node list (dUNL) operator known as “Vet.” During the talk, Garlinghouse admitted that privacy Features are still insufficiently compelling for certain types of financial giants that the XRP community has been courting for over a decade. “I asked Brad here what’s the path to get more institutional adoption on the XRP Ledger, so that institutions are comfortable with sharing transaction hashes with us,” Vet summarized. “He said privacy.” Now that fans of Ripple have had time to absorb the decisions made by SWIFT and Stripe to opt for XRP competitors, Garlinghouse is reflecting on the XRPL’s insufficient privacy offering as a clear obstacle to institutional adoption. I asked Brad here what's th...