XRP Is Labelled As An Extremely Important Technology By US Economist
2019 is about to come to an end, and it’s safe to say that the crypto market did have quite a successful year so far.
A lot of achievements, partnerships, and various developments have been marked so far and more than that, there have been made a lot of moves towards the mainstream adoption of digital assets.
Ripple, among the most successful fintechs
Ripple is one of the most successful crypto companies so far, and they have been boosting their products and the whole XRP ecosystem as well.
The main target for Ripple was to fix the flaws that have been plaguing the traditional payments system, SWIFT.
XRP may reportedly change the world
It’s been revealed that the editorial director of the American Institute Of Economic Research said that he believes XRP may change the world someday.
During a new interview on RT’s Boom Bust, Jeffrey Tucker, who is also a BTC bull, said that Ripple and XRP are poised to thrive off of the failures of the widely used payment system SWIFT.
When asked why XRP has struggled this year, Tucker says more retail investors need to come on board.
“We have to remember that XRP is a specific kind of crypto. It’s not the crypto anybody dreamed of happening in 2009 when crypto first entered the world. But it is a brilliant technology in the sense that it’s a mediated technology. It’s a proprietary technology,” he said.
Ripple’s tech to change the world
He continued and pointed out that “a lot of these sort of regular man-on-the-street style investors in crypto are not interested in it for that reason. That doesn’t mean it’s not going to change the world.”
Tucker also said that in his opinion, Ripple’s tech is an extremely important one “because it’s thriving off the failures of this antique Swift system.”
He believes that the legacy financial systems are not capable of dealing with the revolutionary era of globalization.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.