[ccpw id="39382"]

HomeCrypto NewsMarketExpert Says XRP Is “The Best Chance We Got” for Economic Change

Expert Says XRP Is “The Best Chance We Got” for Economic Change

Date:

Written By:

Follow TheCryptoBasic

XRP community figure Vincent Scott shared a passionate message on X, describing XRP and the XRP Ledger as humanity’s “best chance” to reform the global financial system.

Scott pointed to Ripple’s ongoing licensing efforts, acquisitions, and partnerships as clear signs that the company is strategically positioning XRP for large-scale demand.

He noted that the digital asset’s true value lies in its ability to transmit value efficiently, whether as gas for transactions or as a bridge currency for global payments.

- Advertisement -

Economic and Political Implications

According to Scott, XRP’s utility could reshape how money moves around the world by reducing fraud, increasing competition, speeding up settlements, and potentially eliminating the need for massive foreign reserves.

However, he also acknowledged that such innovation faces resistance because a decentralized payment and reserve system “ruins the existing power structure.”

Laws as the Final Gate

Meanwhile, Scott reiterated that nothing significant will happen until regulatory laws are fully in effect. In September, Rep. French Hill, chair of the House Financial Services Committee, said Congress could pass the CLARITY Act by the end of the year if the Senate acts. 

Amid this, Scott urges the community to remain patient, avoid hype, and continue learning about the broader implications of blockchain technology.

He encouraged proponents to study, share knowledge, and help others understand XRP’s potential. In parallel, he reaffirmed his commitment to stand with the community “until we all walk through the gate together.”

XRP Community Reactions

Following Scott’s post, several members of the XRP community shared their perspectives. Nenad Stojkovic said Ripple stands out from other crypto companies because of its strong infrastructure, regulatory progress, and global reach. He called Ripple the only “serious financial company” in crypto, a point Scott agreed with, replying, “Correct.”

User SonOfRichard argued that Ripple’s new product, Ripple Prime, could boost XRP even before new laws take effect since it is already compliant. However, Scott disagreed, saying progress still depends on clear legal frameworks: “No, [it] needs law.”

Meanwhile, Tommy Raz criticized Ripple’s leadership, questioning CEO Brad Garlinghouse, co-founder Chris Larsen, and CTO David Schwartz.

Scott defended them, saying they remain committed to Ripple’s mission and are making sound strategic decisions. He explained that Garlinghouse’s optimism aligns with his role as CEO. 

As for Schwartz, he believes his online tone is often misunderstood, noting, “People read too much into what a computer guy posts”. Scott concluded by saying, “After the laws, we will see the proof.”

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

More from Author

Latest Stories

Market Veteran Targets XRP Rally to $4.50, Says XRP Consolidation Period Is Over

Experienced market analyst CasiTrades says XRP is heating up after a bullish breakout, with the new target a rally to an all-time high of...

Cardano Falling Wedge Breakout Eyes Run to $1.2 Before Uptick to $2.91

A well-known crypto chartist has suggested that Cardano could be looking to break into a four-year peak above $2 after a falling wedge breakout. Notably,...

Cathie Wood Lowers Bitcoin 2030 Price Target to $1.2 Million

Cathie Wood, founder and CEO of ARK Invest, has revised her long-term outlook for Bitcoin, lowering her 2030 price target by $300,000. Specifically, Wood now...

Bitcoin Dominance Hits a Tipping Point as Analyst Sees Altcoin Season Ahead

With the Bitcoin dominance reaching a crucial level, market veteran Michaël van de Poppe believes a breakdown soon could lead to the altcoin season. The...

Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3

Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin's annual performance following Q3 gains. Ethereum has nearly matched Bitcoin's annual...

Citibank Predicts Bitcoin to Hit $231K, Ethereum $7.5K in Months

Global banking giant Citibank has released new 12-month price targets for the world’s two largest cryptocurrencies — Bitcoin and Ethereum.  In a fresh report, Citibank...

Here’s How High XRP Could Rise If It Beats Visa’s $600B Market Value

XRP could surpass Visa’s $600B market cap amid several bullish forecasts, ETF approvals, and growing institutional interest. Indeed, XRP remains one of the crypto assets...

XRP Is Not Going to $10K-$50K Per Coin, Expert Says

A popular community figure has pushed back against predictions that XRP will eventually reach an ambitious target of $10,000 to $50,000 per token.  Like many...

Shiba Inu Falls to 23-Month Low—How Worse Can It Get for SHIB

Shiba Inu has continued to show weak momentum, with the latest capitulation pushing prices to a level last seen nearly two years ago. The broader...

Shiba Inu Hits Support: Analyst Says SHIB Becomes a Rocket When This Happens

Shiba Inu touched a critical lower support trendline, which has historically sparked a strong rebound followed by explosive price action. This analysis comes from “Akbarkarimzsfeh”...

Dogecoin Is Following Its First Cycle—Here’s the Target

Dogecoin is showing similarity with its first full bull cycle, and a full mirror could send the meme coin surging to unprecedented prices. October ends...

Dogecoin Ready to Rebound—Top Analyst Predicts Bullish Targets

Prominent market analyst Ali Martinez has highlighted that Dogecoin could possibly rebound from recent lows, sharing possible targets. Martinez shared this insight in his Thursday...

Guides