David Schwartz explains why banks should pick XRP over Ethereum and Solana

David Schwartz, former CTO of Ripple, said in an interview aired Saturday that banks may still need to choose XRP over Ethereum and Solana for some uses in international finance. He described XRP as suited to institutional payment and cross-border settlement, citing transaction times of three to five seconds and low fees, while saying Ethereum is slower and costlier. He said Solana serves a different role as a network for decentralized applications. Schwartz also said XRP functions as an institutional payment network tied to banking partnerships and regulatory clarity in a market exceeding $150 trillion, and cited adoption by companies including MoneyGram, American Express and Santander.