Ben Armstrong, Formerly Known As BitBoy, Hints At Landmark Ripple Development

January 23, 2024 7:59 am Comments

Ben Armstrong is back with new speculation surrounding Ripple’s native currency, XRP.

The controversial crypto influencer claimed that Ripple’s CEO, Brad Garlinghouse, hinted that U.S. banks are poised to adopt XRP following their historic victory in the SEC lawsuit.

Armstrong Cited the regulatory clarity resulting from the lawsuit and the utility of XRP across Ripple’s suite of products as the main drivers behind the likely adoption by U.S. banks.

Originally, it was widely reported that Ripple’s suite of products did not necessarily have to leverage XRP to work. Banks and financial institutions could use Ripple’s software without using XRP.

This has since changed and should lead to massive adoption of XRP by these financial institutions, according to Armstrong. The controversial crypto personality wasn’t the only one touting these claims either:

Bitcoinist also joined in on the speculation:

Since its inception, one of Ripple’s core visions has been to facilitate cross-border payments using blockchain and cryptocurrency technology.

XRP’s potential integration into the US banking system could radically improve challenges in the global financial sector, leveraging cryptocurrency technology to boost transactional speed, costs, and efficiency.

Jack The Rippler also explained: “The public XRP ledger will have the same value as the private ledger. Central Banks will use CBDCs on the private XRP ledger to bridge value from A to B by using the bridge currency XRP!”

Previously, CNBC reported:

The San Francisco-based firm expects to start talks with American financial firms about using its On-Demand Liquidity (ODL) product, which uses XRP for money transfers, in the third quarter, Stu Alderoty, Ripple’s general counsel, told CNBC in an interview last week.

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