Both Ripple and XRP have been a topic of debate in the crypto community for years. However, recent discussions have reignited interest in its current and future role within the global finance sector. Market experts are now asking whether XRP is genuinely reforming the financial system or simply recreating existing banking structures on the blockchain. […]Both Ripple and XRP have been a topic of debate in the crypto community for years. However, recent discussions have reignited interest in its current and future role within the global finance sector. Market experts are now asking whether XRP is genuinely reforming the financial system or simply recreating existing banking structures on the blockchain. […]

Pundit Claims That Ripple Is Building The Banking System Right On The Blockchain Using XRP

Both Ripple and XRP have been a topic of debate in the crypto community for years. However, recent discussions have reignited interest in its current and future role within the global finance sector. Market experts are now asking whether XRP is genuinely reforming the financial system or simply recreating existing banking structures on the blockchain. Despite scrutiny, the cryptocurrency continues to have a significant influence on the cross-border payments industry. 

Ripple To Replicate Traditional Banking With XRP

Market expert Xaif Crypto shared a video post on X social media, highlighting the views of Jeff Booth, a Canadian Entrepreneur and author best known for his bestselling book ‘The Price of Tomorrow.’ According to Xaif Crypto, Booth emphasized that XRP is essentially mirroring the existing traditional banking system rather than subverting it.   

In the video, Booth elaborates that traditional bank models rely on creating money through lending and charging interest—a system that has remained largely unchanged for centuries. The Canadian author noted that while the concept of decentralization and blockchain-based money transfer is promising, applying it within a closed, controlled system for governments and banks may undermine its transformative potential. 

His analysis underscored the nuances in the ongoing debate over the purpose of cryptocurrencies. He also stressed that not all participants in the crypto space are acting with ill intent, highlighting that some are genuinely attempting to innovate and transform the space. Nevertheless, replicating traditional banking practices on a decentralized ledger raises both philosophical and practical challenges. 

Booth notes that if the blockchain merely reproduces a system based on perpetual interest and money creation, it may reinforce the very inequalities that decentralized technology was created to address. His commentary further suggested that while XRP may be a step toward modernizing banking infrastructure, it may not fully achieve the vision of a truly reimagined financial system that is decentralized and equitable. 

XRP As A Foundation For The Digital Era

A contrasting perspective comes from crypto analyst Pumpius on X, who highlighted comments from Ripple CEO Brad Garlinghouse from years ago. According to him, Garlinghouse asserted that XRP, along with Bitcoin, has the potential to surpass traditional assets such as gold and diamonds. 

Unlike gold, which has historically functioned as a long-term store of value, or diamonds, which rely on scarcity and luxury appeal, Pumpius stated that XRP is positioned as programmable money with global settlement capabilities. He underscored that altcoin is not merely a speculative asset but a structural component of the emerging digital economy. 

By enabling rapid, programmable transactions, Pumpius declared that XRP could serve as the backbone for trade, settlements, and identity anchoring for the digital era. The analyst’s vision frames the asset as the foundation of a new monetary order, where traditional assets face competition from digital ones designed for efficiency and integration into global finance rails.

XRP
Market Opportunity
XRP Logo
XRP Price(XRP)
$1.9047
$1.9047$1.9047
+1.56%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Thyroid Eye Disease (TED) Treatments Market Nears $4.3 Billion by 2032: Emerging Small Molecule Therapies Targeting Orbital Fibroblasts Drive Revenue Growth – ResearchAndMarkets.com

Thyroid Eye Disease (TED) Treatments Market Nears $4.3 Billion by 2032: Emerging Small Molecule Therapies Targeting Orbital Fibroblasts Drive Revenue Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Thyroid Eye Disease Treatments Market – Global Forecast 2025-2032” report has been added to ResearchAndMarkets.com’s offering. The thyroid
Share
AI Journal2025/12/20 04:48
Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) Notice

Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.–(BUSINESS WIRE)–Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following special year-end distribution to holders of its
Share
AI Journal2025/12/20 05:30
Fed rate decision September 2025

Fed rate decision September 2025

The post Fed rate decision September 2025 appeared on BitcoinEthereumNews.com. WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut. Governors Michelle Bowman and Christopher Waller, looked at for possible additional dissents, both voted for the 25-basis point reduction. All were appointed by President Donald Trump, who has badgered the Fed all summer to cut not merely in its traditional quarter-point moves but to lower the fed funds rate quickly and aggressively. In the post-meeting statement, the committee again characterized economic activity as having “moderated” but added language saying that “job gains have slowed” and noted that inflation “has moved up and remains somewhat elevated.” Lower job growth and higher inflation are in conflict with the Fed’s twin goals of stable prices and full employment.  “Uncertainty about the economic outlook remains elevated” the Fed statement said. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.” Markets showed mixed reaction to the developments, with the Dow Jones Industrial Average up more than 300 points but the S&P 500 and Nasdaq Composite posting losses. Treasury yields were modestly lower. At his post-meeting news conference, Fed Chair Jerome Powell echoed the concerns about the labor market. “The marked slowing in both the supply of and demand for workers is unusual in this less dynamic…
Share
BitcoinEthereumNews2025/09/18 02:44