Ripple becomes a one-stop infrastructure provider for cryptocurrencies
Naveen Gupta, Ripple's managing director for the Middle East and South Asia, spoke at the AIM summit in Dubai, where he spoke about his vision for the financial system in five years
Naveen Gupta, Managing Director of Ripple Middle East and South Asia, spoke at the AIM Summit in Dubai. Gupta discussed the blurring of boundaries between fiat money and cryptocurrencies, envisioning a future where stablecoins such as USDT and USDC become an integral part of traditional currencies. He emphasized that lower transaction costs will make the movement of valuables virtually seamless, accelerating the circulation of money and promoting economic growth. Using the example of a transaction between Oman and the UAE, he showed how the current payment system leads to a 30-day loss of capital return. Gupta highlighted Ripple's shift from narrowly specializing in cryptocurrency payments to positioning itself as a one-stop shop for cryptocurrency institutions. He emphasized that the company is developing solutions for various institutional needs, including tokenization, payments and storage. #Ripple #XRPUpdate #BinanceBlockchainWeek #LRCONFT #LRCO-NFT $XRP
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