Ripple Expert Predicts "XRP Final Act": Key Points to Keep an Eye on with Ripple Corporation
Ripple, the California-based fintech company, is making significant strides in the world of cryptocurrency and blockchain technology. With a strong legal victory over the Securities and Exchange Commission (SEC) and a supportive political environment, Ripple is well-positioned to move into its endgame.
One of the key factors cementing Ripple's role is the increasing adoption by institutions. XRP, Ripple's native token, is now part of DTCC's liquidity tokenization plan, the world's largest settlement utility. This partnership could potentially open the doors to trillions of dollars from institutional investors, as nearly 20 XRP spot ETFs are awaiting approval.
Moreover, Ripple has launched RLUSD, an enterprise stablecoin backed by reserves at BNY Mellon. BNY Mellon, a financial services giant that safeguards trillions in assets for global giants like BlackRock and the U.S. Treasury, could significantly boost Ripple's credibility. Tying a stablecoin to XRP's payment rails creates a "stable reserve army" that strengthens trust in Ripple's network.
Ripple's legal status in the U.S. is considered strong, according to legal expert Pumpius. After years in court, XRP now has the strongest legal clarity of any cryptocurrency in the U.S., a significant event that could attract more institutional investors. Ripple has also applied for a Federal Reserve master account, the highest privilege in the U.S. banking system, further demonstrating its commitment to regulatory compliance.
However, it's important to note that there is no publicly available information indicating that any institution has applied for a Federal Reserve master account from Ripple.
Global rules and banking standards are moving in favor of Ripple. The migration to ISO 20022, a global messaging standard, will allow RippleNet to easily connect with traditional banking rails. XRP has been ready for this migration for years, giving Ripple a head start in this new era of interoperability.
The DNA Protocol, a quiet development on the XRP Ledger, could revolutionize finance and digital identity. This protocol is developing tools that potentially blend finance and digital identity in a way no other blockchain has achieved. The DNA Protocol is developing biometric and genomic identity tools, which could solve Know Your Customer checks at a deep level, further enhancing Ripple's appeal to institutions.
In conclusion, Ripple and its native token XRP are poised for a unique rise in the cryptocurrency market. With institutional rails, legal clarity, and global support, Ripple is moving into a new phase that could see it rise above other digital assets. Pundit Pumpius predicts this as the "XRP Endgame," a turning point that could redefine the landscape of the cryptocurrency industry.
