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A Goldman Sachs executive has disclosed that XRP is the perfect fit for the new global financial system, as Bitcoin could be a distraction.  Ripple boss Brad Garlinghouse has also explained previously that XRP’s efficiency as a settlement tool positions it above Bitcoin.  In a recent interview shared by the Black Swan Capitalist founder, Goldman Sachs analyst Isabella Rosenberg chose XRP as the future of the global financial system. In the video, Rosenberg played down Bitcoin’s long-term capability, claiming it would be a distraction in the changing financial world.  Adding to this, the Goldman Sachs executive disclosed that banks are “dragging the US dollar just long enough” to make way for a new financial system that could consolidate global money. In this case, XRP could be an integral part of this initiative.  Former #GoldmanSachs executive says central banks are dragging the #Dollar just long enough to bring in a new system that consolidates all the world’s #money It’s obvious this is about #Ripple and #XRP, while #Bitcoin is marketed to the masses as a distraction pic.twitter.com/44RVjmcjsx — Black Swan Capitalist (@VersanAljarrah) September 10, 2024 Similarly, Ripple CEO Brad Garlinghouse has, on multiple occasions, highlighted the importance of XRP in settling liquidity needs between Banks. According to our research, XRP was primarily designed to act as a bridge currency while providing liquidity without involving traditional correspondence banking systems.  In a recent interview, Garlinghouse mentioned the existence of $27 trillion within various banks for settlement. However, this massive stash of cash is a representation of inefficiencies in the global financial system. To him, Ripple’s involvement in the potential new system would eliminate the need for banks to pre-fund accounts to make payments more efficient.  Brad Garlinghouse Makes a Case for XRP On the Bitcoin comparison, Garlinghouse recently explained that XRP’s efficiency as…

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Filed under: News - @ September 13, 2024 3:19 am