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

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.

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.”

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttps://thecryptobasic.com
Abdulkarim Abdulwahab is a cryptocurrency journalist covering blockchain technology, digital assets, and Web3 developments. He focuses on simplifying complex topics such as market trends, decentralized finance (DeFi), and emerging crypto innovations to provide clear and accurate reporting. His work aims to help readers better understand key developments in the evolving digital asset ecosystem.

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