Breaking News:
Ripple CTO, David Schwartz, has explicitly said that crypto like XRP could challenge the US dollar (USD) and become the world’s reserve currency.
His thesis is that nations outside the US will grow tired of relying on a foreign currency and opt for alternatives such as digital assets.
RIpple is expanding more and more into the world of banking, but perhaps Schwartz’s goal is a little too far beyond the real possibilities for the crypto project.
Let’s look at all the details together
Summary
XRP vs USD: Ripple CTO says crypto can challenge the US dollar
Ripple expands into the world of banking
XRP-USD Chart Analysis: Crypto shows signs of weakness
XRP vs USD: Ripple CTO says crypto can challenge the US dollar
In a recent Twitter room hosted by a member of Ripple’s crypto community, namely XRPStewie, there was a lot of talk about the future of Ripple and its difficult relationship with the US dollar (USD).
The informal chat was attended by David Schwartz, Ripple’s CTO and an expert on blockchain-related software products, who made an unusual bet.
According to him, in the next few years, cryptos like XRP will succeed in challenging the dollar (USD) by becoming the dominant reserve currency on which the next global economy will be based
