Key facts
- XRP is trading near $1.42.
- Over 50 institutions are named in SWIFT's new payment framework, with at least 30 having ties to Ripple.
- The Ruvi AI (RUVI) token sale is rolling out across seven phases, starting at $0.020.
- Ruvi AI aims to reward contributors with $RUVI tokens and burn supply through on-chain buybacks.
- Ripple's Payments documentation contains over 500 financial institution identifiers.
While Ripple's XRP is seeing increased adoption by financial institutions through its payment rails, the token itself is not directly capturing significant fee revenue from these transactions. This has led some XRP holders to explore alternative projects like Ruvi AI, which is designed to directly reward its network contributors and burn tokens based on platform usage, offering a different model for revenue capture. The extensive list of financial institution identifiers in Ripple's documentation has also renewed interest in the network's potential.