De Nederlandsche Bank recently relocated about 86 tonnes of gold from North America to London, but most of it was transferred by selling in New York and repurchasing in London, rather than physically moving the gold. Ripple CEO Brad Garlinghouse uses this $11 billion gold shuffle to argue that blockchain technology, like the XRP Ledger, can make asset ownership transfers faster by tokenizing assets, allowing ownership to change without moving the physical asset. Tokenized gold on the XRP Ledger has already seen over $1 million in trading volume, demonstrating a faster, programmable settlement layer compared to traditional methods that require physical custody and multiple intermediaries. This example shows how traditional finance already operates economically without moving assets, and tokenization aims to improve speed and efficiency.
Ripple's partnership with DriveWealth plans to use Ripple USD (RLUSD) for settlement on the XRP Ledger in Europe and later in the U.S., focusing on stablecoin settlement, cross-border payments, and digital asset custody. However, the effect on XRP de...
Ripple CTO Emeritus David Schwartz discussed a future where AI agents could manage people's personal finances, expanding beyond the XRP Ledger's current role of automating payments for digital services. While no new Ripple product or launch date was ...
Between October 4 and 17, XRP futures open interest on Binance decreased by $85.1 million, a 15.8% drop. This decline followed a significant wave of long liquidations, indicating a reduction in bullish bets on XRP futures. The drop in open interest m...
David Schwartz, Ripple's Emeritus developer, predicts a multi-trillion dollar opportunity as decentralized finance (DeFi) becomes mainstream. He highlights the growing tokenization market and easing regulatory barriers, encouraging developers to buil...
Ripple (XRP) increased by 2.3% after bouncing off a key support level at $1.26, signaling a potential trend reversal if it breaks above $1.31. Trading volumes surged nearly 56%, showing strong buying interest. However, XRP has underperformed compared...
