The post Pundit Says Ripple’s True Development Plan Could Push XRP to 5 Digits: Details appeared on BitcoinEthereumNews.com.

The XRP community has resurrected discussions around the possible long-term goals for Ripple and how these could impact XRP’s price outlook.  According to the host of Common Sense Crypto (CSC), Ripple’s real ambitions might go far beyond cross-border payments. Though these ideas remain speculative, they have triggered discussions, especially around Codius, Ripple’s dormant smart contract platform. Speculation on Ripple’s True Plan Recently, the host of CSC revived interest in Codius with claims that Ripple’s true intentions have always been focused on more than just cross-border payments.  According to the market commentator, Ripple is gearing up to manage the entire derivatives market—an industry that handles trillions of dollars in daily transactions.  This speculation stems from recent developments, most notably Ripple’s inclusion in the International Swaps and Derivatives Association (ISDA) last August. In addition, crypto exchange Bitstamp also recently nudged Ripple to join in its development of a derivatives exchange. The CSC host cited a controversial figure in the XRP community, Kendra Hill, who had previously suggested that cross-border payments were merely a testing ground for Ripple.  According to this theory, Ripple has been preparing for a larger use case all along. Hill suggested that Ripple might not have gone public with these plans because the company wasn’t ready. She claims the missing piece was Codius. The Promise of Codius and Its Dormancy Codius, conceived by then Ripple employee Stefan Thomas, was announced by the blockchain payment firm as a smart contract platform in 2014.  Unlike Ethereum’s blockchain-native approach, Codius aimed to support cross-blockchain operability, allowing developers to interact with different blockchain networks and external data sources.  However, despite its potential, Ripple eventually abandoned the development of Codius. The platform was shelved, as Ripple prioritized other projects, particularly focusing on cross-border payments, which have become Ripple’s core business strategy. David Schwartz, Ripple’s…

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Filed under: News - @ October 8, 2024 6:17 am