Oliver Michelfounder and CEO of German-based venture capital firm Tokentus Investment AG, offered an optimistic price forecast. XRP price. According to him, XRP could soon reach $10.
Increasing the price of XRP to $10 is just the beginning
Michelle talking In an interview with leading German financial magazine Der Aktionär, he said he expects XRP to rise between $5 and $10 in the first wave. parabolic movement upwards. Interestingly, he added that XRP will eventually reach 3-4 figures. I feel worried. About the current price action of XRP.
Meanwhile, Michel revealed that he is investing in XRP tokens as he holds them in his family office and company, Tokentus. The same applies to Ripple shares, which he said he purchased through a special purpose vehicle (SPV).
Michel says his company is no stranger to the XRP ecosystem. alliance It joined forces with Ripple last year in an effort to grow and increase adoption of the XRP Ledger (XRPL). In the interview, Michel said he considers Ripple a “professional company” and sounded very optimistic about what the cryptocurrency company is building with it. payment service.
He used the opportunity to elaborate on how Ripple is simplifying cross-border transactions with the help of XRPL and XRP tokens. Ripple is known to settle these transactions over the blockchain using XRP as a utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.
XRP becomes the “world’s reserve bridge currency”
Michel said that if countries implement central bank digital currencies (CBDCs), XRP could become the “world’s reserve currency.” Ripple’s XRPL is already being recommended CBDC is the mobile chain for payments. crypto company also revealed They were already actively working with more than 20 central banks on CBDC initiatives.
The Tokentus founder also believes it won’t be long before other companies emerge. central bank Rely on Ripple to help you implement your CBDC. He noted that pressure is building on these banks to act now to avoid an imminent economic collapse. When all of this happens, XRP is expected to play an essential role.
Ripple’s XRPL is also expected to act as an intermediary between all of these CBDCs when the time comes. bitcoinist once reported We explain how the network’s clawback feature increases the prospects of a CBDC being implemented on the network.
As of this writing, XRP is said to be trading around $0.58, down more than 1% in the last 24 hours. data From CoinMarketCap.
XRP at $0.58 | Source: XRPUSD on Tradingview.com
Featured image from Analytics Insight, chart from Tradingview.com
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