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Is Ripple XRP the perfect bridge between banks and cryptocurrencies?

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Ripple XRP Banks
Ripple is in many ways an ideal bridge between the banks and the world of cryptocurrency

David Gokhshtein is the founder of “Gokhshtein Magazine” and an advocate of Ripple XRP. According to Gokhshtein, Ripple XRP is in the perfect position to penetrate the global financial markets.

Banks around the world are considering giving out their own cryptocurrency. These bank-covered stablecoins would serve as middle currencies between fiat and cryptocurrencies.

However, the financial giants would find, according to Gokhshtein, that this was not so easy. It would be better to use the Ripple infrastructure right away, tweeted Gokhshtein.

Facebook was able to develop their own Instagram. Instead, they bought the project.

It's easier to just partner up with something that's been tested and proven to work.

– David Gokhshtein (@davidgokhshtein) May 19, 2019

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Banks do not give up easily

Gokhshtein also pointed his followers on Twitter to another circumstance. So banks and big financial institutions would not let them become redundant. Rather, these powerful players would adapt to the circumstances. That could soon lead to a gigantic increase in the importance of cryptocurrencies, Gokhshtein explained. So he wrote:

bottom line: Banks are not going to fade out. they always want to find a way to adapt to the current environment.

that being said; @ripple has the perfect system in place for them and that's why most of them are teaming with them. $ XRP #SundayThoughts

– David Gokhshtein (@davidgokhshtein) May 19, 2019

“The bottom line is the banks will not go down. You will always find ways to adapt to the environment. In this context, Ripple [Labs] offers the perfect system for them, so most of them also associate with them [Ripple Labs]. “

The Benefits of Ripple Solutions

Already today, Ripple Labs helps people and businesses send money efficiently across borders. Not surprisingly, Ripple Labs CEO Brad Garlinghouse is excited about the expansion of Ripple Labs. At a recent meeting of Swiss banks, he explained what the ripple solution xRapid offers. Garlinghouse succinctly explained the basics of Ripple XRP and the benefits it provides to everyone involved. He also pointed out that it will help those people who would have to pay the most for cross-border payments today.

However, some crypto-friends are still very critical of Ripple XRP. So they criticize again and again the low degree of decentralization. In addition, they complain that Ripple Labs controls much of the existing Ripple XRP.

On the other hand, more and more institutions are opening up for ripple labs. They appreciate the possibilities offered by ripple solutions and want to be ahead of their competitors in terms of savings and speed.

Overall, it can be said that low costs and faster execution can only be positive for all involved and at the same time stimulate further innovation.

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Source: Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ist-ripple-xrp-die-perfekte-bruecke-zwischen-banken-und-kryptowaehrungen/

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