Crypto researcher SMQKE issued a direct rebuttal to a claim made by investor Fred Krueger regarding the real-world adoption of XRP. Krueger, in a brief post, asserted that “Not one actual human being is using XRP. Not one.” In response, SMQKE dismissed this statement as factually incorrect, posting, “’No one’ uses XRP… except for hundreds of financial institutions like American Express, Bank of America, and Santander. But don’t let facts get in the way of a good narrative.” SMQKE’s reply was accompanied by a screenshot of a cryptocurrency adoption chart showing documented institutional use of XRP, distinguishing his position with publicly available data. Reference to Documented Institutional Use The image shared by SMQKE originated from a comparative overview of top cryptocurrencies and their recent use cases. It highlights XRP’s role as a bridge currency for cross-border payments and settlement within Ripple’s infrastructure. The document states that hundreds of financial institutions, including American Express, Bank of America, and Santander, maintain partnerships with Ripple, leveraging XRP within their operations. It further notes that Ripple has collaborated with global sustainability leaders such as the Bill & Melinda Gates Foundation and has committed to achieving carbon net zero by 2030. This counters Krueger’s claim by presenting a factual account of large-scale adoption by corporate and financial institutions. While the use of XRP by individual retail investors or consumers may vary, SMQKE’s emphasis was on institutional adoption, which is clearly outlined in the source material he provided. “No one” uses XRP… except for hundreds of financial institutions like American Express, Bank of America, and Santander. But don’t let facts get in the way of a good narrative. https://t.co/R0Wz4m0UR4 pic.twitter.com/FFg6AYFV2B — SMQKE (@SMQKEDQG) July 26, 2025 Clarification of XRP’s Function in the Financial Ecosystem The referenced document explains that XRP functions as a bridge currency to facilitate real-time gross settlement, currency exchange, and remittance flows. It is not described as a retail-oriented digital currency like Bitcoin or Ethereum, but is positioned as infrastructure supporting global financial activity behind the scenes. This utility has made XRP attractive to banks and payment providers who require fast, low-cost, and scalable solutions for international transactions. The institutions named in the chart suggest that XRP’s relevance lies more in financial infrastructure than in individual consumer payment use. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Implications of the Response SMQKE’s reply to Krueger serves to reaffirm XRP’s credibility within enterprise blockchain adoption. By presenting verifiable data, he rejects the notion that XRP is unused or irrelevant. His response focuses on the mismatch between the narrative pushed by some investors and the factual evidence of adoption by major financial institutions. It also reflects a broader dynamic in the crypto sector where public perception often diverges from enterprise applications, particularly with utility-driven tokens like XRP that may not be as visible in consumer-facing environments but remain active in backend financial systems. Krueger’s generalization that “not one actual human being is using XRP” appears to ignore this distinction. SMQKE’s counterposition centers the institutional framework in which XRP operates, distinguishing it from cryptocurrencies that are primarily retail-focused. He states that XRP’s strength lies in serving cross-border liquidity needs across banking infrastructure, not necessarily in direct consumer transactions. By responding to Fred Krueger with documented examples of XRP adoption by major financial institutions, SMQKE reasserted the token’s practical application in enterprise settings. His remarks highlight the importance of distinguishing between consumer-facing crypto projects and those designed for financial infrastructure. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Researcher Proves American Express, Bank of America, and Santander Use XRP appeared first on Times Tabloid .
