Pundit Says This Development Will Make Ripple World Bank and XRP Global Reserve Currency

A recent interview clip shared on X by XRP Dragon (@DRAGON_XRP66) from the 2024 XRP Las Vegas Conference has gained attention due to statements made by Patrick Riley, CEO of Reaper Financial and President of Atum Industries. In conversation with Ray Fuentes, a known figure in the crypto space, Riley offered a bold perspective on the future of Ripple and its digital asset, XRP. XRP’s Potential Future Riley began with a bold statement, framing XRP as an important asset to hold, as it is intrinsically tied to global finance. Fuentes responded by asking what that implies for Ripple itself. Riley suggested that, because of XRP’s importance and high value, Ripple, which holds a large supply, could become the World Bank. Riley anticipated skepticism from those unfamiliar with the XRP ecosystem. He acknowledged that people new to the concept might view such claims as extreme, but emphasized that his conclusions are based on a long-standing study of financial systems. He referenced monetary practices stretching from the Roman Empire to Yap Island’s stone money, highlighting a historical continuity that, in his view, led to XRP’s current position. Ripple’s Chief Technology Officer (CTO), David Schwartz, believes the asset will experience mass adoption , and the growing interest could help XRP and Ripple take on these prominent roles in global finance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Riley’s argument hinges on the evolution of reserve currencies. “After the petrodollar, after we came off the gold reserve, there is really only one competitor to be the global reserve currency,” Riley stated. According to him, XRP is the only viable candidate to replace the U.S. dollar as the foundation of global finance. Ripple’s Role in the Global Financial System Riley’s vision goes beyond the digital asset itself. By equating Ripple to a “world bank,” he implies that the organization will hold a central role in the global financial infrastructure. Riley suggests that the world could move to a new economic system built on blockchain technology and decentralized liquidity, with Ripple leading the charge through XRP as a global reserve asset. The company is already trying to provide a superior alternative to legacy systems like SWIFT, and through blockchain technology, it could overhaul the entire financial infrastructure. The comments reflect a broader narrative among XRP advocates who view the token as a digital currency and a foundational tool for future financial systems. This perspective aligns with Ripple’s ongoing efforts to expand XRP’s adoption through partnerships and provide utility in cross-border payments, institutional finance, and more. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit Says This Development Will Make Ripple World Bank and XRP Global Reserve Currency appeared first on Times Tabloid .