XRP Could Become ‘World’s Reserve Bridge Currency,’ Says Expert
The post XRP Could Become ‘World’s Reserve Bridge Currency,’ Says Expert appeared first on Coinpedia Fintech News
Oliver Michel, the CEO of Tokentus Investment AG, has expressed his confidence in XRP. He said that it could become the “world’s reserve currency” to facilitate fast and low-cost cross-border payments. Michel also discussed Ripple’s role in evolving as a global finance system.
Can XRP Emerge as “World Reserve Currency”?As the demand for more efficient cross-border payment systems grows, XRP has increased its infrastructure with blockchain-based technology. This could help crypto users to operate businesses with traditional banking systems more feasibly.
Michel said, “Ripple is there with its offer, and when the time is right for Ripple, then it can definitely become the World Reserve Bridge Currency.”
He further argues that the central banks are accelerating their efforts to implement central bank digital currencies (CBDC) instead of working on establishing a stable economic system. If this cycle continues, then the global banks will not have any option but to rely on existing blockchain infrastructure like Ripple.
Oliver Michel, CEO of a prominent German blockchain venture capital firm, suggests that XRP could emerge as the “World’s Reserve Bridge Currency.”
With growing global demand for efficient cross-border transactions, XRP is increasingly viewed as a key player on the… pic.twitter.com/9dKepHMVg3