Ripple's David Schwartz Advocates for XRP Over Ethereum and Solana in Banking
David Schwartz argues that banks may prefer XRP over Ethereum and Solana for certain financial use cases.
David Schwartz argues that banks may prefer XRP over Ethereum and Solana for certain financial use cases. Ethereum (ETH) is trading at ₹2,20,413 ($2,316.22), up 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (ZyCrypto, Finbold), plus live market data, as of Mon, 26 Oct 2026 19:45:01 UTC.
This debate highlights the ongoing competition among major blockchain platforms for dominance in the banking and financial sector, with significant implications for market share and adoption.
- David Schwartz defends XRP's relevance in international finance.
- He suggests banks may choose XRP over Ethereum and Solana for specific use cases.
- The global crypto market remains flat amid the ongoing debate.
Both ZyCrypto and Finbold report that David Schwartz, former CTO of Ripple, argued for XRP's continued relevance in banking and finance, suggesting it may be preferred over Ethereum and Solana for certain use cases. While both outlets highlight his comments on the rivalry among these blockchain platforms, Finbold adds context about the estimated $443 billion in global losses to scammers by 2025, framing Schwartz's argument as a response to concerns about excessive control and security. No outlet contradicts the core points of Schwartz's argument, but they differ in the additional context provided.
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- Ripple's David Schwartz Advocates for XRP Over Ethereum and Solana in Banking — this brief
In a recent interview, David Schwartz, the former CTO of Ripple, emphasized the continued relevance of 
XRP in the international finance sector. He argued that despite the rise of other blockchain platforms like 
Ethereum and 
Solana, banks may still opt for XRP for specific use cases due to its unique features and advantages.
Schwartz's comments come at a time when the competition among Ripple, Ethereum, and Solana is intensifying. Each platform is vying for a larger share of the financial sector, with blockchain technology increasingly being seen as a key component in the future of banking and finance.
The debate over which platform is best suited for banking use cases is not new. Ethereum and Solana have gained significant traction due to their smart contract capabilities and vibrant developer ecosystems. However, XRP's focus on cross-border payments and its established presence in the financial sector give it a distinct edge in certain areas.
The global crypto market remains relatively flat, with a total market cap of $2.74 trillion. 
Bitcoin is down 0.89% in the last 24 hours, while Ethereum, XRP, and Solana have also experienced slight declines. The market's neutral sentiment, as indicated by the Fear & Greed index at 50, suggests a wait-and-see approach among investors amid these ongoing debates.
The discussion around XRP's role in banking underscores the broader trend of traditional financial institutions exploring blockchain technology. As the sector evolves, the competition among different platforms is likely to intensify, with each offering unique solutions to address the needs of the financial world.
Since this brief published about 7 hours ago, Ethereum (ETH) has moved from ₹2,19,880.53$2,310.62 to ₹2,20,413.43$2,316.22 — +0.24%.
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 Token Times'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 ≈ ₹241,929.18 (about $2,316.22), down 1.4% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ripple's David Schwartz Advocates for XRP Over Ethereum — questions & answers
What did David Schwartz say about XRP's role in banking?
Schwartz argued that banks may prefer XRP over Ethereum and Solana for specific use cases due to its advantages in cross-border payments and established presence in finance.
Why is the debate about XRP, Ethereum, and Solana significant?
The debate highlights the competition among major blockchain platforms for dominance in the financial sector, which could shape the future of banking technology.
How is the broader crypto market reacting to these comments?
The market remains flat, with Bitcoin, Ethereum, XRP, and Solana all experiencing slight declines, indicating a neutral sentiment among investors.
How much is 1 Ethereum worth in rupee today?
About ₹241,929.18 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,316.22. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.24% since this brief first published — trading at ₹2,20,413 ($2,316.22) now versus ₹2,19,881 ($2,310.62) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.