XRP Ready For Mind-Blowing Takeoff To $3 As XRP’s Role In Revolutionizing Banking Sector Is Trumpeted

XRP Ready For Mind-Blowing Takeoff To $3 As XRP’s Role In Revolutionizing Banking Sector Is Trumpeted
фото показано с : zycrypto.com

2024-3-6 22:46

Brad Garlinghouse, the chief executive officer of Ripple, has revealed the groundbreaking role of XRP in significantly disrupting the traditional banking system.

XRP Can Be Used To Settle $27 Trillion Liquidity

XRP has the potential to transform the multi-trillion-dollar banking industry.

In a recent interview with CNBC, Ripple CEO Brad Garlinghouse noted that the San Francisco-based payments startup currently uses the XRP token “as a tool to settle liquidity needs between banks”. According to Garlinghouse, there is a whopping “$27 trillion presently held by different banks in the world to carry out payments between each other.”

BOOOOOOOOOOOOOOOOOOM!!!!

CEO of @Ripple – Brad Garlinghouse:

"$27 trillion of worth of liquidity is held at banks as liquidity, #XRP will solve that issue!"

Did you miss #Bitcoin? Don't miss XRP! pic.twitter.com/ExAqTNkdKL

— JackTheRippler ©️ (@RippleXrpie) March 4, 2024

The executive believes utilizing XRP to perform these interbank transactions can transform the sector. This is due to the fact that XRP facilitates real-time, low-cost, and efficient transactions, compared to traditional banking methods.

Banking institutions must keep substantial reserves under the legacy system that Garlinghouse highlights so as to enable streamlined international transactions. XRP makes this process seamless by reducing the settlement time to a mere three seconds.

Garlinghouse also indicated that the viability of a crypto asset in the long term is determined by its utility in the real world. The Ripple boss then cited several factors to consider, such as the problem the cryptocurrency is solving, the size of the problem being addressed, and how many customers it currently boasts.

When Will XRP Retake $3 Milestone?

XRP has noticeably failed to rally as much as its peers in the latest crypto market upswing. Currently ranked sixth on the crypto leaderboard, XRP currently boasts a market cap of $33.3 billion, according to CoinGecko data

At its current price of $0.61, XRP is seeing its highest point since the start of 2024, suggesting that investors are still optimistic about the token’s prospects. However, the journey toward higher price points is hampered by the formidable resistance at the $0.7 level.

XRP’s ability to break past this threshold conclusively is paramount for sustaining bullish momentum. This simply means that XRP’s journey to the elusive $3 zone is dependent on the asset’s ability to push through the critical resistance at $0.7. Failure to do so may signify a lack of confidence in the token, potentially triggering a correction.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5177 (-0.19%)
Объем 24H $1.107b
Изменеия 24h: 3.19 %, 7d: -0.26 %
Cегодня L: $0.5177 - H: $0.5193
Капитализация $28.659b Rank 7
Цена в час новости $ 0.6122 (-15.44%)

xrp banking multi-trillion-dollar industry trumpeted transform potential

Источник: zycrypto.com

xrp banking → Результатов: 123


Фото:

Crypto Ecosystem Vindicated by TMS Network (TMSN): XRP (XRP) and Arbitrum (ARB) Fail to Compete with TMSN’s Invincible 900% Gains Despite U.S. Banking Crisis

Cryptocurrencies are increasingly considered alternative financial instruments in times of economic uncertainty and banking crises. The potential of XRP (XRP) and Arbitrum (ARB) as safe havens during a banking crisis are worth exploring, while TMS Network (TMSN) bridges the gap between traditional and crypto assets.

2023-4-20 09:02


Standard Chartered partners with Northern Trust to launch Zodia, a crypto custodian for BTC, XRP, ETH, BCH, LTC

One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launThe post Standard Chartered partners with Northern Trust to launch Zodia, a crypto custodian for BTC, XRP, ETH, BCH, LTC appeared first on AMBCrypto.

2020-12-9 10:00


Фото:

Ripple’s XRP Token Gets Custody, Trading, Credit Support From Sygnum Bank

In an announcement dated April 30, 2020, the world’s first digital asset bank, Sygnum, stated that it had launched Ripple’s XRP protocol digital token on its platform. Sygnum Bank Introduces Support for XRP Switzerland-based Sygnum Bank AG has announced the availability of  the XRP token for custody, trading, and credit services on its banking platform.

2020-5-1 13:30


Фото:

One of XRP’s Top Proponents Folds Amid Crypto Market Crash

If you were following cryptocurrency in 2017 and 2018, you likely know of Tiffany Hayden. For some reason or another, she managed to gain a massive following on Twitter — I’m talking about tens of thousands of fervent followers — while discussing XRP and Ripple, touting sentiments like how she expects for the cryptocurrency and the company to revolutionize banking.

2020-3-10 20:11


Japan’s SBI Holdings to Use Ripple’s XRP On-Demand Liquidity For International Remittances

SBI Holdings, the Japanese banking giant, has recently published its latest report. In the document, the company talks about its strategies and reports its latest plans. One of them is to use Ripple’s XRP tokens for international remittances that will be made between Japan and the Southeast Asian region. According to the company’s report, the […]

2019-11-1 00:49


XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking

Ripple-powered XRPL Labs has been working on tech to simplify payments for not only major financial institutions, but also the crypto-community. One such XRPL Labs developer is Wietse Wind, the creator of XRP TipBot, who has been regularly talking about XRPL-bridged back accounts for users to hold, send and receive EUR on XRP ledger, ILP, […] The post XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking appeared first on AMBCrypto.

2019-7-10 17:00


Partnership With MoneyGram Is Good For XRP and the Crypto Ecosystem, Ripple’s Global Head Affirms

Marjan Delatinne, the global head of banking at Ripple, has recently spoken at the Global Blockchain Summit by talking about some of the most popular topics with crypto investors. According to Delatinne, one of the main developments for the company was to start its partnership with MoneyGram, which began last week. The partnership, as it […]

2019-7-5 23:24


Фото:

Ripple XRP используется: Vontobel Investment Banking и SCB

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple XRP используется в различных организациях благодаря своей отличной функциональности. Эксперты считают, что Ripple XRP способна стать главной сенсацией июня.

2019-6-8 17:02


Ripple & XRP: An Uncertain Future in Banking Hangs in the Balance

By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. . 50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments.

2019-6-4 22:40


XRP News: Will Ripple Customers Move to the New xRapid Payment Option Over xCurrent?

Investors in XRP are thinking carefully about the direct influence on the coin by Ripple. Blur93, a Reddit user, asked why users of the Ripple platform still prefer to use their international payment option xCurrent, as opposed to the more recent cross border option of the xRapid. Marjan Delatinne, the global head of banking at […]

2019-5-10 01:35


дальше еще 74 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.

XRP Price To Reach $1.68? Here’s What Will Drive It

Crypto analyst Jonathan Carter has predicted that the XRP price could rise to $1. 68. The analyst, however, noted what needs to happen before the crypto token can attain such heights.   How XRP Price Will Rise To $1.