Ripple (XRP) will be in demand in the field of e-commerce, in the financial and banking environment, as well as among central banks developing their own digital currency
Linda Jones, a Wall Street expert and financial mentor, believes that Ripple (XRP) will help “digitize” all trading. She shared her opinion on the social network X (formerly Twitter).
The editors of BeInCrypto have compiled a list of the best options on how to buy Ripple (XRP).
“This is just the beginning! The digitalization of trade opens up much more impressive opportunities than the digitalization of communication (what the Internet has done),” wrote she.
Jones sets XRP apart from other cryptocurrencies because it is focused on integrating into the international payment system. Now transfers to another country in another currency are expensive and take a long time to process. It may take several days before the transfer reaches the recipient.
Solutions developed by fintech startup Ripple solve these problems by reducing costs and reducing transaction times. According to Linda Jones, these properties will help XRP become a key element of the digitalization process in commerce.
Jones previously said that Ripple could go public in 2024.
Ripple is an important player in the CBDC industry
Ripple, an American fintech company and issuer of the XRP token, is offering its solutions to countries developing national digital currencies (CBDCs). Linda Jones highlights the enormous potential of this multi-billion dollar market:
“Investments at the state level have no analogues in scale. We are talking about trillions of dollars. This is the most exciting and biggest investment opportunity imaginable.”
Additionally, the upcoming Bitcoin halving and the approval of BTC spot ETFs will create favorable conditions for growth in the cryptocurrency market, which could push the price of altcoins, including XRP, to new highs.
XRP price could rise dramatically
XRP plays an important role in supporting banks and the financial services sector. This cryptocurrency makes transactions faster and cheaper, which makes it very attractive. Linda Jones believes that XRP can completely change the way the modern financial industry works. This potential, in turn, will attract new users and investors to the project.
XRP is currently worth $0.57. However, Jones believes that by 2024 the price could be much higher due to the benefits mentioned.
Previously, the editors of BeInCrypto looked into whether Ripple (XRP) could grow by 4,720% in this cycle.
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2024-01-09 17:12:00
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