Business leader and consultant Jake Claver recently highlighted the potential of XRP to address a massive inefficiency in the global financial system. In a tweet, Claver pointed out that over $27 trillion is sitting frozen in banks worldwide due to inefficiencies in cross-border payments. According to Claver, XRP is poised to change this situation by enabling faster and more cost-effective transactions.
In a detailed thread on X, Claver explained how Ripple’s XRP is transforming international money movement. Traditional cross-border payments are slow, expensive, and require holding capital in various currencies. XRP solves these issues by allowing near-instantaneous, low-cost transactions that can be completed in just 3-5 seconds. This, Claver argues, will unfreeze billions of dollars that were previously locked in dormant accounts and enable banks to enhance their liquidity management.
Banks are sitting on $27 trillion in frozen money right now. That's about to change. Here's why smart money is watching #XRP and Ripple's master plan unfold… 1/22🧵
— Jake Claver, QFOP (@beyond_broke) January 19, 2025
Claver also noted Ripple’s growing recruitment efforts as another indicator of XRP’s increasing adoption. Ripple has been hiring professionals to develop systems for large global banks and Tier 1 financial institutions, signaling that the company is preparing for widespread XRP integration. Ripple’s acquisition of Metaco, a crypto custody firm, further underscores the company’s commitment to securing institutional investments through advanced security measures.
In addition to XRP, Ripple’s new stablecoin, RLUSD, is set to further revolutionize cross-border payments. Claver described RLUSD as a digital dollar that operates alongside XRP. Each RLUSD transaction burns a small amount of XRP, reducing its circulating supply and increasing its value over time. This dual use case could make XRP indispensable for financial institutions adopting blockchain technology.
Ripple’s expansion into Asia, with hires in Singapore and Sydney, is another key indicator of XRP’s growing global influence. As countries like Japan and Thailand develop regulatory frameworks for blockchain, XRP is well-positioned to become an integral part of the financial infrastructure.
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As both institutional and retail adoption of XRP grows, Claver predicts a significant surge in its value by 2025, with XRP set to redefine cross-border payments and global financial systems.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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