Ripple CEO Brad Garlinghouse outlined XRP’s role in institutional payments, citing $16 trillion in annual payments and clearing activity across businesses Ripple added through acquisitions, where digital asset usage remains minimal. Institutional settlement remains central to Ripple’s strategy, with Brad Garlinghouse discussing XRP as a key part of the company’s broader technology stack during a June 26 CNBC interview. He emphasized the crypto asset’s role in enabling faster and more efficient transactions for financial institutions operating within existing payment systems.