Ben Armstrong, also known as BitBoy, recently suggested that significant news regarding XRP’s role in global financial systems is expected soon.
Armstrong made this statement during an interaction on X with XRP community member Edo Farina, sparking discussions about the digital asset’s potential global adoption.
Farina shared an image that highlighted connections between Ripple executives, including chairman Chris Larsen, and key global financial institutions such as the U.S. Federal Reserve, the U.S. Treasury, the International Monetary Fund (IMF), and the World Economic Forum (WEF).
The image suggested that Ripple’s leadership team, both past and present, has substantial ties to influential bodies, including the Federal Reserve, IMF, WEF, SEC, and SWIFT.
Farina argued that these connections could lead to the digital asset being recognized as a World Reserve Currency. Many XRP enthusiasts, like Farina, have promoted this idea, fueling optimism about the token’s future. However, Armstrong expressed a different view on the matter.
Armstrong’s View on XRP and Global Reserve Currency Status
While Armstrong acknowledged the importance of Ripple’s connections and the critical role the asset could play in the global financial system, he disagreed with the notion that the token would achieve the status of a world reserve currency. “That is not going to happen,” he stated, offering a more tempered view of the asset’s potential.
Armstrong suggested that BRICS Pay, a payment system developed by BRICS nations (Brazil, Russia, India, China, and South Africa), is more likely to become a global reserve currency than XRP. Despite this disagreement, Armstrong reaffirmed that the token would still be integral to the future of the financial world.
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Anticipation of Major Announcements
Armstrong hinted that further developments related to XRP are expected soon, which may provide additional clarity on its role. He emphasized that while he and Farina have different opinions on how the token will influence global finance, they agree on its future success.
He noted, “These connections are real. This is why I’ve been telling you XRP will WIN. Ripple & XRP will play a HUGE role in underpinning what is coming. Announcements coming soon regarding this.”
Although Armstrong does not believe the token will become a world reserve currency, he stressed that upcoming announcements would shed light on how the token is set to shape the global financial infrastructure.
With these hints of major updates ahead, the token’s supporters are eagerly awaiting more details about how the cryptocurrency could impact the future of the financial sector.
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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