TLDR:
- CEO of Tokentus Investment AG, a German venture capital firm, believes XRP has the potential to be the world’s reserve currency.
- Oliver Michel highlighted XRP’s role as a bridge asset for cross-border payments during an interview at the Frankfurt Stock Exchange.
The CEO of Tokentus Investment AG, Oliver Michel, recently expressed his belief in XRP’s potential to serve as the world’s reserve currency. In an interview at the Frankfurt Stock Exchange, Michel emphasized XRP’s role as a bridge asset for cross-border payments. He highlighted the high costs and lengthy processing times associated with traditional methods of monetary transfers and praised Ripple’s business concept around XRP to solve these issues.
Michel discussed a scenario involving the conversion of euros to dollars for a monetary transfer from Germany to the United States, underscoring the inefficiencies of the current system. He also shared his vision for XRP becoming the world’s reserve bridge currency, especially with the rise of central bank digital currencies (CBDCs). Michel believes that Ripple’s bridge technology will play a pivotal role in connecting central banks and sees XRP as having the potential to become the world’s reserve bridge currency if Ripple’s development progresses favorably.
Overall, Michel’s statements underscore the growing recognition of XRP’s utility in facilitating cross-border payments and its potential to become a significant player in the global financial landscape.
