As an analyst with a background in fintech and blockchain technology, I find Monica Long’s insights at Money 20/20 Europe 2024 particularly intriguing. Her optimistic outlook on Ripple’s current trajectory, especially in the areas of real-world asset (RWA) tokenization and stablecoins, is promising.
During the Money 20/20 Europe 2024 conference taking place in Amsterdam, Ripple‘s President, Monica Long, provided updates on the company’s current progress and future plans.
In an interview with Arjun Kharpal of CNBC, Ripple’s executive, Long, discussed the increasing interest in tokenizing real-world assets (RWAs) among Ripple’s clients who use its custodial services. Furthermore, he announced that Ripple is venturing into the stablecoin market.
In a tweet, Long expressed delight about his conversation with Arjun Kharpal in Amsterdam and discussed the increasing interest in RWA tokenization among Ripple’s custodial clients as well as the company’s recent entry into the stablecoin market.
Long is confident about Ripple’s present direction, especially with regard to the tokenization of the RWA (Ripple Working Group for Standards).
In the real world, assets are being investigated for use on the XRP Ledger through various means. For instance, Zoniqx, a frontrunner in digital asset administration, and Ripple are joining forces to bring Zoniqx’s tokenization solutions to this platform.
Beyond delving into RWA tokenization, Long brought up Ripple’s latest foray into the stablecoin sector.
This spring, in April, Ripple unveiled its intention to develop a dollar-linked stablecoin on two platforms: XRPL and Ethereum. By leveraging XRPL’s native features and ERC-20 token norms accordingly, the stablecoin will be fully collateralized by US dollar reserves, short-term U.S. treasury securities, and other cash equivalents. Regular third-party verifications are also planned. The Ripple president is optimistic about the launch of this stablecoin in 2023.
As a crypto investor, I’m excited about Ripple’s progress, which is being fueled even more by its strategic alliances. By working closely with financial institutions and tech providers, Ripple is leading the charge in promoting the use of blockchain technology and digital assets.
Yesterday, I learned about Ripple’s exciting new partnership with Clear Junction, a leading global payments solution provider. As a crypto investor, I’m thrilled to see this collaboration as it promises to significantly enhance GBP and EUR payouts for Ripple’s valued customers.
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2024-06-06 17:09