Bank

World

when

Reserve

Versan Aljarrah, a co-founder of Black Swan Capitalist, has once again <a href="https://x.com/VersanAljarrah/status/1835053506970993098?s=19">expressed</a> his strong belief in XRP’s pivotal role in the future global financial system. 
Recently, he shared a video from Gregory Mannarino, a popular financial commentator often referred to as the “Robin Hood of Wall Street.” 
Mannarino’s perspective aligns with Aljarrah’s optimism about XRP’s future. In the video, Mannarino discusses the efforts of major financial institutions, such as the International Monetary Fund (IMF), World Bank, and the Bank of International Settlements (BIS), in transitioning toward a fully tokenized, cross-border financial system. 
According to Mannarino, these institutions are diligently working on a system that will tokenize all assets, which can be traded and settled using XRP as a central medium. 
Aljarrah also noted that the article Mannarino analyzed in the video was published shortly after the U.S. Securities and Exchange Commission (SEC) issued an apology to a judge for describing cryptocurrencies with the vague term “crypto assets securities.” 
<h2 id="strong-xrp-s-potential-in-the-global-financial-market-strong">XRP’s Potential in the Global Financial Market</h2> 
In the video, Mannarino emphasized the significance of these developments. He explained that this system aims to track, trace, log, and monitor all financial assets, transforming them into tradable tokens. This process represents a fundamental shift in the way assets are managed and exchanged on a global scale. 
The implications of such a system would be vast. XRP, already positioned as a key player in cross-border transactions, could see its role expand significantly if central banks, the IMF, and other financial institutions begin leveraging it for tokenization. 
As Mannarino notes, the world is moving toward a consolidated financial ecosystem where everything of value can be tokenized and exchanged seamlessly. Ripple CTO David Schwartz predicted that the XRP Ledger would house tokenized assets by early 2025, and the recent announcement of <a href="https://timestabloid.com/ripple-cto-xrp-related-prediction-just-happened/">Tokenized Treasury Bills</a> (T-BILLS) on the XRPL confirmed his prediction. 
Increased tokenization could lead to XRP being adopted on a global scale, aligning with Aljarrah’s vision of the digital asset as the future global reserve currency. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-increasing-interest-around-xrp-strong">Increasing Interest Around XRP</h2> 
Aljarrah’s post comes at a time when the token is already experiencing heightened interest. Grayscale recently launched the <a href="https://timestabloid.com/expert-says-grayscale-xrp-trust-relaunch-means-no-sec-appeal-of-xrp-victory/">Grayscale XRP Trust</a>, the first of its kind in the U.S. The community is excited, as they expect Grayscale to eventually convert the Trust into an XRP ETF, as it did with Bitcoin. 
The efforts by the prominent institutions noted by Mannarino to explore tokenization and blockchain technology suggest that XRP’s utility could extend beyond its current use cases. Through this, the digital asset could facilitate the trade and settlement of assets on a global scale, potentially redefining the future of finance. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
Follow us on <a href="https://twitter.com/TimesTabloid1">Twitter</a>, <a href="https://www.facebook.com/timestabloid/">Facebook</a>, <a href="https://t.me/markettabloid">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen">Google News</a> 
The post <a href="https://timestabloid.com/expert-says-xrp-is-on-track-to-become-the-global-reserve-asset-heres-why/">Expert Says XRP Is On Track To Become the Global Reserve Asset. Here’s why</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

Expert Says XRP Is On Track To Become the Global Reserve Asset. Here’s why

Table of Contents

Times Tabloid

Other articles published on Sep 16, 2024

Circle and Sony Team Up to Expand USDC Stablecoin Adoption

Vitalik Buterin Highlights the Importance of Individual Staking for Ethereum’s Security

Coinpedia Fintech News

Tether Faces Transparency Issues with its US Dollar Reserves: Report

Kadena (KDA) Price Prediction 2024, 2025, 2026-2030: Is KDA A Promising Investment For 2024?

Sonic Blockchain Targets $11T Unsecured Lending Market With Credit Scores for Digital Wallets

Join our free newsletter for daily crypto updates!