Ripple XRP, the third largest digital currency by market cap continues to convince the capital financial institutions of the world with its constantly developed use cases. These utilities have again given the digital currency a special place in the viral statement of the newly elected President of the European Central Bank (ECB), Christine Lagarde.
The daily development within the Ripple XRP ecosystem keeps boosting its global and much needed recognition. For the consistent growth of XRP, big companies that leverages its network are steadily building functional liquidity, tools, applications and lots more that will help thrust the blockchain startup company.
Ripple, the Blockchain Tech that thrive mutually with XRP, is actually behind the recent global exposure its native token has been receiving of late. Its capital and clever investment in Xpring has actually brought enormous returns for the companies in XRP ecosystem.
The companies within XRP circle are opened to new uses cases, such as micropayment applications, monetization, social media, tokenization and decentralized finance.
These functionalities and applaudable plans have brought Ripple to the forefront in the mist of its equals in Blockchain industry. All these moves and objectives have obviously impacted XRP, setting it apart and on the path of grasping its target.
To be factual, XRP could end up being the most functional among the digital currencies, and probably the currency of the future, if the ground plans and works of Ripple eventually materialize.
Newly Elected President of the European Central Bank (ECB) Ripple XRP a Special Recognition
Christine Lagarde, the Newly Elected President of the European Central Bank (ECB), in her recent statement itemized the utilities embedded in cryptocurrencies which the global populace are still obscured by, giving Ripple XRP a special quote, due to its priceless use cases.
In Lagarde’s statement, the supposedly unavoidable change in nature of money was stressed, citing the new payment startup known as e-money. She stated that the forms of money are typically designed in line with the digital economy.
According to her, this new system goes with people’s demand and the requirement of the present economy. She further said that some digital currencies like Ripple XRP are quite striving to make it to the top in the cashless world.
She said “Cryptocurrencies such as Ripple are vying for a spot in the cashless world, constantly reinventing themselves in the hope of offering a quicker and cheaper transaction…”
She proceeded by actualizing the importance of cryptocurrency in terms of payment and why it should be opened for adoption. She pointed to its decentralised nature, which is helps to becloud the identities of holders to third-party, especially the government, unless it was so requested by law.
Conclusively, Lagarde averred that this nascent payment system would be good for users, bad for criminals, better for the state and relative to cash.