ripple President Monica Long Confirms XRP ETF Is Inevitable
Ripple Head Monica Long He recently strongly supported an XRP exchange-traded fund (ETF). Long said in an interview with CNBC: XRP ETF It would “make a lot of sense” given the current regulatory clarity surrounding XRP and Bitcoin in the US. He emphasized that XRP is among the top 10 assets by market value and pointed out its significant daily trading volume. Long’s comments align with Ripple CEO Brad Garlinghouse’s recent prediction that a spot XRP ETF launch is “inevitable.”
Ripple President Confirms XRP ETF Potential
Monica Long highlights XRP’s regulatory clarity in the US, which positions it alongside XRP Bitcoin. He noted that XRP consistently ranks among the top 10 assets by market cap and top 5 by daily trading volume. Long believes these factors make the XRP ETF a logical step for the market. He also noted that institutional interest in crypto is increasing and it depends. Bitcoin ETFand tokenized assets. According to Long, sophisticated investors are entering the market, which could pave the way for more crypto-based financial products.
Long’s comments are as follows: Ripple CEO Brad Garlinghouse‘s latest prediction that a spot XRP ETF launch is “inevitable.” In the CNBC interview, Garlinghouse explained that approving multiple altcoin ETFs is sensitive because investors prefer diversified exposure to investing in a single cryptocurrency. He also expressed confidence in the success of the upcoming Ethereum ETFs.
Ripple is also making progress in the stablecoin sector. Monica Long announced that Ripple is working on a stablecoin project, whose name has not yet been determined and is expected to be released at the end of 2024. “We are working on everything you need to do to bring a product like this to market,” She Long assured. XRP tokens Since XRP will continue to serve as a bridge asset, it will still be needed even after the stablecoin is launched.
Long noted estimates showing that the cumulative market value of the stablecoin market could exceed $3 trillion in the next five years. He pointed out that the demand for stablecoins is increasing due to easy access to US dollars and ease of payment. Long expects the stablecoin project to attract significant institutional interest and further solidify Ripple’s position in the crypto market.
Secure GBP and EUR Payments with Ripple
Besides ETF stablecoin Ripple recently announced a collaboration with Clear Junction. This partnership aims to expand Ripple’s presence in the European market by enabling instant and secure payments in GBP and EUR. According to the announcement, Clear Junction will facilitate these payments and improve cross-border payment services for Ripple customers.
Clear Junction is an FCA-approved e-money provider offering multi-currency payment accounts, virtual IBANs and treasury services for regulated financial institutions. Ripple’s partnership Clear Junction is taking an important step in increasing cross-border payment capabilities. The firm’s operational strengths further strengthen Ripple’s service offerings in the European market by providing security and protection for its partners’ funds.
Also read: Did Cardano Foundation Raise the Price of ADA to $0.5 in Partnership with Greater Argentina?
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Maxwell is a crypto-economic analyst and Blockchain enthusiast who is passionate about helping people understand the potential of decentralized technology. I write extensively on topics like blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its effects on economic freedom and social well-being.
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