XRP vs. US Dollar: What Does Ripple’s CTO Think?

Posted On September 5, 2023 12:24 am

Kieth Rean Garcia 0

Changing Global Currency Views

Recently, Ripple‘s top tech expert, David Schwartz, spoke about XRP and the US dollar in a Twitter chat named “What’s Happening with XRP.” He thinks the world may move away from using the US dollar as the main currency. He feels many countries are ready for a change.

https://twitter.com/burningstarz/status/1698477568301683120

Banks Show Us a Pattern

Looking at banks, Schwartz says small banks often want changes. Big banks set most of the rules. These rules often help the big banks more. In the same way, many countries might want a change from the US dollar. They see how the US gets many benefits because their dollar is used so much worldwide.

Why XRP?

So, if not the US dollar, then what? Small countries know their money won’t be the main one used globally. But they also don’t want big rivals to get ahead. Here’s where XRP can help. It’s not tied to any country. It’s fair for everyone.

XRP and Legal Issues

The chat also talked about Ripple’s legal problems with the SEC. Many people in the chat felt the SEC was not being fair. They think the SEC is targeting certain crypto groups too much.

In Short

Money and how we use it is always changing. People like Schwartz are thinking about what comes next. Many are watching XRP closely.

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