Bitcoin Forum

Ripple CTO: There won’t be a one world fiat, but XRP might be the bridge currency

Check out the discussion here: https://www.youtube.com/watch?v=MGVAIiJQWNI

Central bank digital currencies are taking up much of the attention in crypto space. Representatives from financial institutions around the world have expressed interest in digitizing or tokenizing their currencies. Ripple’s CTO, David Schwartz, has taken a position on the possibility of the emergence of a “global stablecoin” and the role of the digital asset XRP in that context.

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A crypto trying to bridge the gap between fiat could turn into a bad idea. Recently many banks in UK were accused of dealing between money that were not meant to deal with. The fiat politics is so bad that you cannot be sure if you are banking good. Not only are they bound to find out whether the money is clean or not, with all sorts of sanctions and counter-sanctions they also need to sort that who would accept the money who won't.

Lol, he just want to insert XRP into the picture, yes countries are moving into creating their own digital tokens, so it might be good to replace traditional fiat, but XRP being the bridge? Nah, I doubt that, many are against the principle of XRP as a centralised coin so many are going to argue with it being this sort of connector between the two.

And why would that be?

The bridge is already here. It is called bitcoin (unstoppable but volatile) and tether (stable but stoppable)...

Nobody gives a fuck about ripple.