Ben Armstrong, who recently released a new video XRP He shared his views on the value of the token. Armstrong noted the uniqueness of the value of the Ripple company’s token compared to other leading cryptocurrencies, including Bitcoin, Ethereum, Cardano, Solana, BNB and Dogecoin.
The analyst started his video with a detail he believes is important: “XRP is different from other coins.” Starting with Bitcoin and Ethereum, he underlined that Bitcoin is considered the “money standard” while Ethereum is developing as “digital silver”. However, Armstrong claims that XRP has carved out a unique place in the crypto ecosystem with its sophisticated utilities.
Ben Armstrong stated that XRP is not trying to replace Bitcoin or Ethereum, but uses the “Swift system” that makes it easier for information to be traded quickly. While most banks use the Swift system, Armstrong RippleHe added that ‘s native token envisions implementing a faster system that allows international transactions in just 30 seconds.
In Armstrong’s words, XRP aims to replace the international money transactions network through Ripple. Moreover altcoinHe added that he also believes that it is considered a kind of “wholesale reserve currency for banks.”
Additionally, Armstrong emphasized that the community is already “obsessed with XRP.” Although the altcoin is known for not using an ecosystem, Ripple’s XRPL is similar to a Layer 1 platform, according to analysts.
In a previous video, Armstrong delved into Ripple’s journey, overcoming regulatory challenges and legal charges levied against them. It also shed light on the potential for XRP to be adopted by US banks.