Gilberti believes that Ripple and XRP are able to change the world financial system and become Swift successors, which has existed for several decades. The head of Teucrium explained his opinion by the fact that recently Ripple has applied for a banking license, which means that the company has a chance to turn into a large bank.
“What is Ripple to do with its 40 billion XRP, given that she applied for a license? Most likely, the company will leave these funds on the balance sheet, receive a license and enter the twenty major banks in the world in capitalization, ”Gilberti said.
Blockchain solves an important problem that banks face when making international transfers: the need to pre-replenish accounts both in dispersal countries and in the recipient countries. In addition, calculations and money transfers through blockchain are made almost instantly, without high commissions. According to Gilberti, the blockchain literally defrosts huge amounts frozen on banks.
The general director of Bitcoin Bond Company Pierre Rochard, being a maximalist of bitcoin, completely disagree with this point of view. He does not believe that XRP will be massively used for payments.
In 2022, the US Securities and Exchange Commission (SEC) allowed TEUCRIUM to launch the NYSE Arca exchange a futures exchange fund (ETF), tied to bitcoin.
Source: Bits
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