XRP (Ripple) Will Be A World Reserve Currency | The Truth XRP Was Designed For $10,000

XRP (Ripple) Will Be A World Reserve Currency | The Truth XRP Was Designed For $10,000

XRP is perfectly positioned to serve as a world reserve currency. It can be held in significant quantities to provide liquidity for foreign exchange reserves, international transactions and investments, and all other uses throughout a global economy. In an earlier article (XRP was designed for $10,000), I quoted Ripple Labs’ co-founder Arthur Britto, who wrote, “XRP must be scalable to accommodate 7.5 billion people.” Does this mean that it was designed to be used by every human on the planet and to serve as a world reserve currency? Yes and yes.

Let’s look at XRP’s ability to scale. At its creation, a total of 100 billion XRP were created. No more can ever be created, so it is deflationary in nature. Setting aside the fact that some of these XRP have been burned or lost, 100 billion XRP at a $10,000 value per XRP would provide $1 quadrillion in total value. This is enough to easily account for the $244 trillion global debt (Bloomberg), as well as $88 trillion global GDP (Statista).

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Disclaimers: The above references an opinion and is for entertainment purposes only. I'm not a financial advisor and this is not intended to be investment advice. Seek a duly licensed professional for investment advice. ALSO, Links in the description are typically affiliate links that let you help support the channel at no extra cost.

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