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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 23, 2023 10:36 UTC
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Top Reasons Why XRP is About to Become Way Bigger Than Everyone Thinks
Influencer Ben Armstrong passionately discusses how XRP's unique purpose in solving cross-border payment challenges and its innovative features.
XRP has several technical strengths and has made strategic collaborations.
Armstrong's conviction that XRP is not just a digital currency but a powerful force set to reshape the world.
In his latest YouTube video, famed crypto influencer and XRP lover Ben Armstrong highlighted reasons why he believes that XRP will surpass everyone’s expectations.
Here’s what he has to say.
Solving Cross-Border Woes
To make his case, Ben starts off by pointing out the problem XRP was created to solve, which is cross-border payment. Ripple created XRP with the vision of becoming a better version of SWIFT. Faster, easier, and much more transparent.
In his opinion, this is why the US SEC came after Ripple. It wasn’t to protect investors, but rather to protech centralization. Power to the government. To the banks and other financial institutions that benefit from cross-border payments being strictly centralized.
Read More: SEC v. Ripple Trial Date Set for Second Quarter of 2024; Here’s What to Expect
The Power of On-Demand Liquidity
Ben brings up Ripple’s On-Demand Liquidity, which uses XRP as a bridge currency to facilitate real-time cross-border money transfers without the need for pre-funding. In his opinion, OLD might be the single greatest crypto creation ever made since Bitcoin itself.
The network is steadily growing and every day, more and more people are using the service, generating billions in international transactions. Getting into the technicalities of XRP, Ben pointed out that the coin is fast, efficient, and can handle 1500 transactions every second.
That makes it way better than anything centralized organizations could ever offer, and that’s why the average Jane and Joe are now getting attracted to using it for settlements, says Ben.
Ripple’s Strategy for Growth
One of Ripple’s forefront strategies has always been expansion. The company has partnered with hundreds of companies and has purchased stakes in other cross-border payment projects in order to help streamline the utilization of XRP.
Ripple and XRP have and are changing the world, says Ben, adding that no matter what happens now, the one thing everyone should be sure of is that XRP is going to become much bigger than we’ve ever seen.
Read More: Did the Ripple Vs SEC Lawsuit Set XRP Back by 3 Years?! Here’s the Truth
It is not just a simple cryptocurrency. It is here to change the world, to dominate. And it will.
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