Crypto Influencer Says $ XRP To Take Off Towards End Of This Year

[ad_1]

Crypto analyst and influencer Ben Armstrong, who is host of the BitBoy Crypto YouTube channel, spoke about XRP (which is currently the seventh most valuable crypto-asset by market cap) in a video (titled Bitcoin & XRP: 2 BEST crypto opportunities) for its very popular Youtube Channel.

Here’s what Armstrong said about Ripple and XRP:

Ripple keeps moving. As Ripple announced on its Insights blog on June 30, the California-based FinTech has hired Sendi Young as the general manager of its European operations. Ripple said Young will oversee the strategy and champion the expansion of Ripples’ global financial network technology, RippleNet, which provides financial solutions that make it easy for clients to manage and scale their businesses. Prior to joining Ripple, Young spent five years at Mastercard, where she held leadership roles in strategy, marketing, bank-fintech partnerships and business development. Ripple has invested in Mintable, a non-fungible token powered by the Ethereum (NFT) platform. According to Mintable’s announcement, other participants in the $ 13 million Series A round of funding included Animoca Brands, the leading developer of mobile and blockchain games; Metapurse, the world’s largest NFT investment fund backed by Metakovan; Doug Band, American businessman and former advisor to Bill Clinton; and Jon Oringer, founder and executive chairman of Shutterstock.XRP will be crushing it this year. For those who are not philosophically opposed to centralized bank money, XRP offers an incredible opportunity. Ripple is prepared to invest if necessary to enter the South American market. According to Armstrong sources, central banks appear to be preparing to use XRP once the US Securties and Exchange Commission (SEC) lawsuit against Ripple Labs is resolved. On March 3, Ripple said in a blog post that it was piloting a private version of the open source publicXRP (XRPL) ledger to allow central banks to create and manage their own digital currencies. The XRP Ledger was created in 2012 by David Schwartz, Jed McCaleb and Arthur Britto, and XRP is the native currency of the XRP Ledger. Ripple mentioned that more than 80% of the world’s central banks are actively exploring some form of sovereign-backed cryptocurrency and that ultimately there will be a wide array of central bank digital currencies (CBDCs). He went on to say that existing public blockchains cannot meet the needs of CBDCs because a central bank demands more transaction privacy and control over its currency than a public ledger can offer, which means that ‘It is very likely that she will choose to create a CBDC on a private ledger that can also operate at the scale required.

WARNING

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.

IMAGE CREDIT

Image devjkombajn viaPixabay

[ad_2]