The XRP community is revisiting discussions on Ripple’s long-term objectives and their potential impact on XRP’s price trajectory. While experts predict significant growth, with prices potentially reaching $1.18 by 2025 and $4.38 by 2029, others urge caution due to cryptocurrency market volatility.
As Ripple continues to expand its cross-border payment solutions and foster partnerships, XRP’s value may increase, but investors should remain aware of potential fluctuations and adjust expectations accordingly.
Ripple’s long-term goals may extend beyond cross-border payments, suggests the host of Common Sense Crypto. Speculation surrounds the revival of Codius, Ripple’s dormant smart contract platform, sparking intrigue and discussion among enthusiasts.
This potential expansion into decentralized applications and smart contracts could significantly broaden Ripple’s ecosystem and impact XRP’s value.
According to the pundit, this development could be the path to a 4 or 5-digit XRP price, the level anticipated by die-hard XRP community members.
This is Ripples true intentions, now make the connections to Robinhood & Bitstamp & you will see this is coming together perfectly! You want a 4 to 5 digit $xrp this is the path we are on! pic.twitter.com/eUJdD4JTCG
— Common Sense Crypto (@TheCSCrypto) October 7, 2024
Ripple’s Masterplan: Conquering the $Trillion Derivatives Industry
The host of Common Sense Crypto (CSC) has reignited interest in Codius, Ripple’s dormant smart contract platform, suggesting the company’s true goals extend far beyond cross-border payments.
This revelation has sparked intense speculation among enthusiasts, raising questions about Ripple’s plans for decentralized applications and the potential impact on XRP’s value.
Market commentator reveals Ripple’s bold strategy to capture the derivatives market, a sector handling trillions of dollars daily. This move could revolutionize the financial landscape, positioning Ripple as a leading player in global finance.
With its distributed ledger technology and Codius smart contract platform, Ripple may disrupt traditional derivatives trading, offering unparalleled efficiency, security, and scalability.
Ripple’s potential foray into the derivatives market has gained credibility with recent developments. Notably, its membership in the International Swaps and Derivatives Association (ISDA) since August and Bitstamp’s invitation to collaborate on derivatives exchange underscore Ripple’s expanding ambitions.
The CSC host reignited the debate by referencing Kendra Hill’s provocative statement that Ripple’s cross-border payments are merely a stepping stone. Hill’s claim implies that Ripple leveraged this use case to hone its technology, establish strategic partnerships, and lay the groundwork for a more substantial market presence – potentially in derivatives trading.
Kendra Hill’s provocative theory suggests Ripple used cross-border payments as a testing ground for its true ambition: dominating the derivatives market. According to Hill, Ripple kept its plans hidden until Codius, its smart contract platform, was ready. With Codius, ISDA membership, and strategic partnerships, Ripple may finally be poised to disrupt the trillion-dollar derivatives industry.
Potential Impact of Codius
Ripple’s smart contract platform, Codius, was first introduced in 2014 by Stefan Thomas, a former Ripple employee. Initially designed to enable decentralized applications on Ripple’s network, Codius utilized the interledger protocol for interoperability and aimed to enhance the company’s decentralized finance capabilities.
Although development stalled and the project became dormant, recent speculation suggests that Ripple may revive Codius to support its ambitious plans in the derivatives market.
Codius, Ripple’s smart contract platform, took a distinct approach by focusing on cross-blockchain interoperability. Unlike Ethereum’s native blockchain-based smart contracts, Codius enabled developers to interact seamlessly with multiple blockchain networks and external data sources.
This versatile design allowed for greater flexibility and collaboration, paving the way for complex decentralized applications that could bridge different blockchain ecosystems.
Ripple’s innovative smart contract platform, Codius, was ultimately put on the backburner despite its promising potential. As Ripple recalibrated its priorities, the company shifted focus towards its core business strategy: revolutionizing cross-border payments.
Codius’s development was subsequently shelved, allowing Ripple to concentrate resources on its flagship offerings, such as RippleNet and xCurrent, which have since become the cornerstone of its global payment solutions.
Ripple’s Chief Technology Officer, David Schwartz, has publicly expressed enthusiasm for Codius, highlighting its potential. In May 2020, Schwartz revealed that, if he weren’t at Ripple, he’d consider building a business around Codius, underscoring his faith in the platform’s capabilities. Schwartz’s endorsement suggests that Codius’s technology remains valuable, fueling speculation about its possible revival and integration into Ripple’s plans.
Ripple’s Strategic Shift
The CSC host offered a provocative insight, suggesting that Ripple shelved Codius to maintain a competitive edge in the payments market. According to this theory, integrating smart contracts into Ripple’s solutions would have increased costs, potentially undermining its advantage over traditional payment systems like SWIFT.
By prioritizing simplicity and cost-effectiveness, Ripple may have strategically delayed Codius’s development to focus on disrupting the cross-border payments space.
In a significant shift, Ripple may be reevaluating smart contracts as a key component of its strategy, potentially reviving Codius’s spirit. The development of an Ethereum Virtual Machine (EVM) sidechain for the XRP Ledger (XRPL) hints at this renewed focus.
By integrating EVM compatibility, Ripple can leverage Ethereum’s vast smart contract ecosystem, potentially unlocking new use cases for XRP and bolstering its DeFi capabilities.
Ripple is bridging the gap between its high-speed transactions and Ethereum’s programmable capabilities through the XRP Ledger’s EVM sidechain. This integration enables developers to seamlessly deploy Ethereum-based smart contracts on the XRPL, combining the benefits of both ecosystems.
Furthermore, Ripple’s plans to explore native smart contracts functionality on the XRPL, alongside the EVM sidechain, promise to unlock unprecedented programmability, scalability, and interoperability.
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Implication on XRP’s Future
The impending integration of full smart contract capabilities on the XRP Ledger (XRPL) has generated significant buzz, with analysts predicting a substantial impact on XRP’s value. Once the EVM sidechain is live, the XRPL’s enhanced programmability and interoperability could catapult XRP’s price into the “four to five digits” range, according to CSC’s host.
Successful integration would position XRP as a top-tier player in the decentralized finance (DeFi) space, potentially attracting institutional investors and fueling widespread adoption.
While the prospect of XRP’s value surging due to smart contract integration is intriguing, it’s essential to acknowledge that these ideas remain speculative and unsubstantiated. Ripple has not publicly confirmed any plans to revitalize Codius or pursue a derivatives market strategy.
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.
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