Versan Aljarrah, co-founder of Black Swan Capitalist, recently shared insights on X regarding Ripple’s private ledger technology and its implications for XRP’s value.
He posted a video of Ripple CEO Brad Garlinghouse discussing how banks prefer privacy in transactions, leading to the development of private blockchain solutions within Ripple’s ecosystem.
In the video, Garlinghouse recounted an interaction with a major Middle Eastern bank that objected to public visibility of its transactions. He explained that while XRP operates on an open ledger, Ripple also provides private transaction solutions. “Think about it almost as a private temporary blockchain between two banks,” he said, emphasizing cryptographic security and controlled liquidity movements.
Ripple’s partnerships with banks are rapidly expanding, and the private ledger approach allows banks to use the company’s technology without exposing transaction details. Garlinghouse noted that these solutions ensure transactions are completed securely and efficiently, addressing financial institutions’ concerns about transparency while maintaining blockchain’s benefits.
Aljarrah’s post also referenced the recurring XRP price anomalies on certain platforms. Many believe these incidents indicate stress tests for future utility, suggesting XRP’s real value is reflected in these private environments rather than public markets.
The belief that the private ledger holds a significantly higher XRP price stems from the idea that institutional use cases demand greater liquidity than what is currently visible in retail trading. One community member echoed a similar belief, describing the private ledger as an experimental ground for institutions.
Another commenter expressed his excitement, stating he did not own enough XRP. If major financial institutions use XRP at an undisclosed rate, some speculate that a price adjustment in public markets could eventually align with this hidden valuation.
Some community members pointed to previous statements from Ripple’s Chief Technology Officer (CTO) David Schwartz, who stated that the digital asset’s price will be the same across all ledgers on different exchanges.
The commenter also pointed to a lack of intent from the company to establish this private ledger, as the focus is on XRP. However, XRP may still experience a massive push soon, as the desires of the XRP army and the U.S. government are now aligned. Both parties could work together to build the asset’s price regardless of the ledger it’s running on.
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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