{"id":196308,"date":"2023-11-26T19:39:22","date_gmt":"2023-11-26T19:39:22","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196308"},"modified":"2023-11-26T19:39:22","modified_gmt":"2023-11-26T19:39:22","slug":"industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul\/","title":{"rendered":"Industry Expert Makes Strong Case For XRP Rocketing Past $9,000 Amid Global Banking System Overhaul"},"content":{"rendered":"

The Head of Social Adoption at XRP Healthcare, Edward Farina, has made a bullish case for XRP rocketing to the $10,000 level if Ripple\u2019s enterprise-facing network, RippleNet, replaces SWIFT in the global banking system.<\/p>\n

How XRP Could Reach $10,000<\/strong><\/h2>\n

Edward Farina has recently proposed a scenario where XRP could soar to $10,000 as RippleNet takes over the legacy SWIFT system of cross-border payments.<\/p>\n

In a post on the X platform, Farina wrote about the tenets of market dynamics, arguing against popular misconceptions concerning XRP\u2019s potential growth trajectory. \u201cFew people seem to understand the principle of supply and demand. I always see people being shocked when they see someone saying that $XRP can reach 10k. (Not saying it necessarily will.),\u201d he posited.<\/p>\n

The pundit observed how global financial institutions like SWIFT move hundreds of trillions of dollars worldwide. This makes Farina think that XRP can skyrocket to unprecedented levels if it can just capture a small fraction of the sector.<\/p>\n

Ripple was designed to topple the traditional SWIFT system of cross-border payments. Offering a swifter process using RippleNet, unaffected by the weekend or holiday delays and free of the absurd transaction costs associated with SWIFT transfers, Ripple aims to create a crypto-based solution closely mirroring the traditional financial ecosystem. <\/p>\n

<\/p>\n

The company\u2019s cross-border payment network RippleNET, uses XRP as a bridge currency to facilitate the transfer of value between different international currencies for its clients. Since its inception, RippleNet has openly touted itself as a competitor to SWIFT.<\/p>\n

Farina further highlighted XRP\u2019s technological superiority over other popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), specifically in terms of transaction speed and finality. \u201cXRP settles value in real-time (an average of 3 seconds) and with finality. BTC cannot do that, neither ETH nor SWIFT. Period,\u201d the XRP Healthcare executive opined.<\/p>\n

XRP\u2019s Potential Takeover Of SWIFT<\/strong><\/h2>\n

Grayscale has also recently affirmed XRP\u2019s potential to overtake the global interbank messaging network SWIFT. The asset manager wrote in its latest \u201cCurrencies Crypto Sector\u201d report that \u201cBeyond Bitcoin, XRP is the second largest asset. Designed as an alternative to SWIFT, XRP aims to offer fast cross-border payments at lower transaction costs than competitors.\u201d<\/p>\n

Ripple has long maintained it intends to break SWIFT\u2019s monopoly on cross-border transactions between banks. Nonetheless, taking down a global financial juggernaut has not proved easy. <\/p>\n

Ripple has been stuck in a lawsuit with the U.S. Securities and Exchange Commission (SEC) for nearly three years over whether XRP qualifies as a security. While a federal judge in July ruled that Ripple’s programmatic sales of XRP on exchanges were not securities offerings, the case resolution could be a potential boon for RippleNet.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Head of Social Adoption at XRP Healthcare, Edward Farina, has made a bullish case…<\/p>\n","protected":false},"author":4,"featured_media":196307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nIndustry Expert Makes Strong Case For XRP Rocketing Past $9,000 Amid Global Banking System Overhaul - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry Expert Makes Strong Case For XRP Rocketing Past $9,000 Amid Global Banking System Overhaul - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"The Head of Social Adoption at XRP Healthcare, Edward Farina, has made a bullish case...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-26T19:39:22+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/Industry-Expert-Makes-Strong-Case-For-XRP-Rocketing-Past-9000-Amid-Global-Banking-System-Overhaul-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/industry-expert-makes-strong-case-for-xrp-rocketing-past-9000-amid-global-banking-system-overhaul\/\",\"name\":\"Industry Expert Makes Strong Case For XRP Rocketing Past $9,000 Amid Global Banking System Overhaul - 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