Crypto Assets Guy (@cryptoassetsguy), a prominent crypto analyst, recently highlighted several factors that make the XRP Ledger (XRPL) a game-changer in the crypto market. He presented multiple benefits of the XRPL over its competitors, and these factors could significantly benefit XRP in the long run.
Ripple’s Strong Partnerships
A key advantage for XRP and the XRPL is Ripple’s network of partnerships with established financial institutions and corporations. Ripple has actively pursued collaborations with major players in the global financial system.
Read Also: Analyst Highlights Four Developments That Would Send XRP Price Up To $10
Ripple also has other beneficial international partnerships that aim to leverage the XRPL’s capabilities for faster and more efficient cross-border payments. If these collaborations translate into widespread adoption by banks and financial institutions, it could create a significant demand for XRP, potentially driving its price upwards.
Speed and Efficiency
The XRP Ledger boasts superior transaction processing compared to traditional blockchains like Bitcoin or Ethereum. The network can handle thousands of transactions per second with minimal fees. This speed and cost-effectiveness make it an attractive option for financial institutions seeking to streamline their international payment processes.
Michael Arrington of Arrington Capital recently shared that his company executed a transaction involving the transfer of $50 million worth of XRP. The transaction was completed in just 2 seconds and incurred a fee of only 30 cents. Widespread adoption of the XRPL for cross-border payments due to its speed and efficiency could significantly increase the utility and value of XRP.
Lawsuit Resolution and XRP’s Future
Crypto Assets Guy also pointed out that Ripple would not launch a stablecoin without 100% confidence that it would win the lawsuit with the U.S. Securities and Exchange Commission (SEC).
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Is Holding 10,000 XRP Worth It? Top Pundit States When It Will Be Worth $1,000,000
A favorable resolution for Ripple in the form of a small penalty for its alleged violation of securities laws could significantly benefit the company. Top analysts are already predicting massive surges, and a favorable ruling could boost investor confidence and convince unsure investors of XRP’s legal clarity.
Crypto Assets Guy believes many big players will bring huge investments into the XRP ecosystem, and the end of the lawsuit could open doors for these big investors.
Crypto Assets Guy also mentions XMEME, a meme coin launched on the XRPL. Memecoins, often built on hype and social media trends, can experience significant price fluctuations. XMEME’s success, if sustained, could attract more attention to the XRPL and potentially bring new users and investors to the XRP ecosystem.
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. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
