Ripple CTO David Schwartz has reiterated support for a higher XRP price, arguing that increased valuations could enhance network efficiency and liquidity while reducing transaction slippage for institutions. His comments come as 37 European financial institutions across 15 countries formed Qivalis, a consortium that received Electronic Money Institution authorization from the Dutch central bank in October 2026. Qivalis plans to launch a regulated euro-denominated stablecoin to establish a shared digital euro infrastructure for cross-border payments and settlements. Key consortium members BBVA and DZ BANK have existing relationships with Ripple's institutional custody services, underscoring growing blockchain adoption among established European banks.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.