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Insufficient privacy is the reason why most banks choose not to use XRP, according to Ripple CEO Brad Garlinghouse.
Garlinghouse made the claim this week during a conversation with one of the XRP Ledger’s (XRPL) 35 most senior validators, a default unique node list (dUNL) operator known as “Vet.”
During the talk, Garlinghouse admitted that privacy features are still insufficiently compelling for certain types of financial giants that the XRP community has been courting for over a decade.
“I asked Brad here what’s the path to get more institutional adoption on the XRP Ledger, so that institutions are comfortable with sharing transaction hashes with us,” Vet summarized. “He said privacy.”
Now that fans of Ripple have had time to absorb the decisions made by SWIFT and Stripe to opt for XRP competitors, Garlinghouse is reflecting on the XRPL’s insufficient privacy offering as a clear obstacle to institutional adoption.
I asked Brad here what's the path to get more institutional adoption on the XRP Ledger, so that institutions are comfortable with sharing tx hashes with us.
>He said privacy.
Fast forward it all makes sense and fits nicely together.
We passed many compliance amendments like… pic.twitter.com/OfTSBvATEH
For reasons of compliance, risk, regulation, or even basic respect for clients’ privacy, financial institutions don’t want to broadcast all transactions — nor even hashed transactions — publicly.
For example, imagine an entity with a steady cadence of transactions suddenly dumping millions of hashes onto the blockchain.
This unexpected flurry might move markets or prompt regulatory probes, needlessly burdening the institution with costly labor simply because it chose to broadcast hashes into the XRPL.
Even pseudonymizing transactions might fail to sufficiently obscure the institution’s identity. Blockchain forensics can often deanonymize transactions through machine learning, big data, probabilistic inferences, or AI.
Read more: Ripple played Trump to pump XRP — now he’s cutting ties
To its credit, Ripple is already pursuing an expanded suite of privacy features and adding support for financial institutions.
Indeed, it’s already implemented a know your customer control protocol called Credentials, making it possible to verify identity directly on the XRPL without relying on a third-party service.
XRPL also supports decentralized identifiers, or DIDs, as a way for institutions to manage their digital identities. Vet was also optimistic about multi purpose tokens, DEXs, and XLS-101 smart contracts as additional selling points for financial institutions.
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The Oregon Lottery offers several draw games for those aiming to win big. Here’s a look at Oct. 6, 2025, results for each game:
28-29-32-66-67, Powerball: 03, Power Play: 2
Check Powerball payouts and previous drawings here.
1PM: 3-2-7-9
4PM: 4-7-9-9
7PM: 3-3-5-8
10PM: 6-0-1-6
Check Pick 4 payouts and previous drawings here.
21-22-36-43
Check Win for Life payouts and previous drawings here.
14-17-25-28-33-47
Check Megabucks payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
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This results page was generated automatically using information from TinBu and a template written and reviewed by an Oregon editor. You can send feedback using this form.

The South Dakota Lottery offers multiple draw games for those aiming to win big. Here’s a look at Oct. 6, 2025, results for each game:
28-29-32-66-67, Powerball: 03, Power Play: 2
Check Powerball payouts and previous drawings here.
06-11-30-34-39, Lucky Ball: 10
Check Lucky For Life payouts and previous drawings here.
03-11-21-25-32, Star Ball: 06, ASB: 03
Check Lotto America payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
This results page was generated automatically using information from TinBu and a template written and reviewed by a South Dakota editor. You can send feedback using this form.