Ripple Pitches XRP Ledger To Major Investment Firm: Franklin Templeton

David Schwartz, the Chief Technology Officer of Ripple, has promoted the XRP Ledger (XRPL) to Franklin Templeton, a big asset management company. This comes as many traditional finance companies are showing interest in cryptocurrencies. Schwartz responded to Franklin Templeton's posts about their interest in Ethereum and Solana, suggesting they also consider XRPL.

Franklin Templeton tweeted about exploring different blockchain networks like the XRP Ledger. In response, Schwartz talked about XRPL's strong performance, having handled millions of transactions for over ten years. He mentioned its efficiency in dealing with real-world and crypto assets.

XRPL, created in 2012 by Ripple's founder, is an efficient alternative to Bitcoin. It offers fast, low-cost transfers and recently set a record for daily transactions. This shows it's becoming more popular for international payments.

Franklin Templeton has previously shown interest in blockchain technology. The firm's CEO talked about investing in public blockchains and Web 3.0. Schwartz's comments have been well-received by the XRP community, who are advocating for an XRP-based ETF.

This interaction is a positive sign for XRPL, potentially increasing its use and demand for XRP.