HomeNewsGolden Connection: Black Swan Capitalist Founder Links Ripple's XRP to Gold-Backed Stability

Golden Connection: Black Swan Capitalist Founder Links Ripple’s XRP to Gold-Backed Stability

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  • Versan Aljarrah suggests Ripple’s XRP could be key in the creation of gold-backed stablecoins, according to global demands.
  • Sean McBride, a former Ripple executive, proposes that XRP could be classified as a payments stablecoin for international economic transactions.

Despite generating surprise, there are market analysts who consider it possible that Ripple’s XRP could be transformed into a stablecoin. Versan Aljarrah, leader of Black Swan Capitalist, suggests that XRP could be essential in the development of gold-backed stablecoins, according to demands from entities such as the World Bank, the IMF and the World Gold Council.

CollinBrownXRP, shared news that has generated a lot of buzz among the community, where he points out that the new protocol update promises to increase efficiency and reduce transaction costs.

These institutions advocate the tokenization of gold reserves by central banks. According to research mentioned by Aljarrah, XRP would be instrumental in creating such a stablecoin, marking a departure from traditional stablecoins tied to the dollar.

This approach is based on in-depth research on XRP and its market, indicating that it could become something different from the usual digital currencies, perhaps a payment-oriented stablecoin .

Sean McBride, a former Ripple executive, mentioned that, rather than becoming a conventional stablecoin, XRP could be categorized differently, facilitating low-cost international transactions .

Although McBride previously hinted that the World Bank already recognizes XRP as a stablecoin, this claim has been viewed with skepticism by the XRP community and other stakeholders, given that the recognition appears to be based on longstanding plans by Ripple’s XRPL to launch its own stablecoin, which has led to debates about the feasibility of XRP taking this new form.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628