Leading analyst Ben Armstrong has expressed his views on the significant value of the XRP coin. He emphasized the uniqueness of XRP compared to other leading cryptocurrencies, including Bitcoin, Ethereum, Cardano, Solana, BNB and Dogecoin.
Analyst “XRP is different from other coins.” he stated. In this context, the analyst also expressed his opinions about Bitcoin and Ethereum. The analyst stated that Bitcoin is considered the “monetary standard” while Ethereum is developing as “digital silver”. However, according to the analyst, XRP has carved out a unique place in the crypto ecosystem with its sophisticated utilities.
Importantly, Armstrong noted that XRP is not trying to replace Bitcoin or Ethereum, but uses the “Swift system” that facilitates the quick transaction of information. While most banks use the Swift system, crypto- The influencer added that XRP envisions implementing a faster system that allows international transactions in just 30 seconds.
According to the analyst, XRP aims to replace the international money transaction network through Ripple. He also noted that XRP is considered a type of “wholesale reserve currency for banks.”
Armstrong had previously examined Ripple’s journey in depth. In this context, he stated that XRP has overcome regulatory difficulties and in this sense, it has contributed to the adoption of the altcoin by the community.
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