The General Director of Bitcoin Bond Company Pierre Rochard doubted that the developing tokenization sector would create favorable conditions for the massive use of ether and XRP in payments.

According to Roshar, the current financial system already solves problems with the slow speed of payments and high commissions. In particular, Roshar mentioned a depository trust and clearing corporation (DTCC), which cleans and calculations on securities as a cooperative belonging to its users. Large companies have no reason to abandon the proven system in favor of the one that burns a commission to overstate the crypto assets course, while maintaining operational expenses. Therefore, tokenization decisions for institutional investors will not be successful, the maximalist of Bitcoin is sure.

Roshar noted that ETH and XRP cryptocurrencies have no clear advantage over NASDAQ or ICE exchanges, which work without failures and charge very low commissions. These altcoins are focused on people who cannot open brokerage accounts, but can use cryptocurrencies. As Roshar put it, ETH and XRP “squeeze the commissions” from the poorest investors in the world, who already have so few funds for investing in markets.

Another obstacle to the massive use of these cryptocurrencies in payments is high competition of blockchains, Roshar said. He explained that in view of the open source code of the blockchains, new networks can always appear that can violate any profit model. The outcome of the competition of blockchains will not be determined by their practical benefit, but by marketing, where stablecoins, such as USDT, exceeding ETH or XRP, will dominate. This is already happening, added a furious supporter of bitcoin.

At the beginning of the year, Roshar accused Ripple of preventing the American authorities from creating a state reserve in bitcoins. Previously, Roshar predicted a crazy decade for bitcoin, which will provoke multibillion -dollar investments of managing funds in cryptocurrency.