<p><em><strong>Oliver Michel, CEO of Tokentus Investment AG, a notable German Web3 venture capital firm, shared his views during a recent interview at the Frankfurt Stock Exchange. He believes that XRP is in an ideal position to become a global reserve currency.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>XRP’s strength lies in its capacity to offer liquidity for foreign exchange reserves, international transactions, investments, and various global economic applications, making it a strong contender for this role.</p><h3 id="streamlining-cross-border-transactions-with-ripple-s-xrp">Streamlining Cross-Border Transactions with Ripple’s XRP</h3><p>During an interview with Der Aktionar, Oliver Michel highlighted the complexities associated with traditional cross-border transactions, particularly from Germany to the <a href="https://cryptosheadlines.com/gemini-a-cryptocurrency-exchange-is-set-to-introduce-a-derivatives-platform-in-international-markets-outside-of-the-united-states/" rel="noopener noreferrer nofollow">United States</a>. He emphasized the time-consuming and costly process of converting euros to dollars through multiple banks.</p><p>Michel pointed out that <a href="https://cryptosheadlines.com/ripples-xrp-price-sets-sail-in-positive-territory/" rel="noopener noreferrer nofollow">Ripple strategically devised a business concept around XRP</a> to tackle these inefficiencies. In this scenario, the sender’s bank can convert euros into XRP at a low cost. Subsequently, the recipient’s bank swiftly converts the received XRP into dollars, significantly expediting and reducing the costs of the entire process.</p><h3 id="ripple-s-xrp-and-the-future-of-cross-border-transactions">Ripple’s XRP and the Future of Cross-Border Transactions</h3><p>In a deeper dive into the interview, Oliver Michel discussed the future prospects of XRP Ledger (XRPL) and Ripple’s On-Demand Liquidity (ODL), especially amidst the increasing adoption of <a href="https://cryptosheadlines.com/texas-opposes-central-bank-digital-currency-cbdc/" rel="noopener noreferrer nofollow">central bank digital currencies</a> (CBDCs). Michel stressed the importance of central banks swiftly embracing digital currencies.</p><p><a href="https://cryptosheadlines.com/avalanche-avax-tanks-before-365m-token-unlock/" rel="noopener noreferrer nofollow">Also Read:   Avalanche (AVAX) Tanks Before $365M Token Unlock</a></p><p>Michel emphasized Ripple’s bridge technology as a vital tool for establishing connections between <a href="https://cryptosheadlines.com/brazils-president-enacts-law-for-central-banks-regulation-of-crypto-firms/" rel="noopener noreferrer nofollow">central banks</a>. He noted that while other digital coins, such as JP Morgan’s, exist, <a href="https://cryptosheadlines.com/western-union-adopts-ripple-blockchain-and-xrp-for-better-money-transactions/" rel="noopener noreferrer nofollow">Ripple’s early adoption</a> of this technology gives it a competitive edge.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Expressing confidence in Ripple’s progress and developments, Michel believes that <a href="https://cryptosheadlines.com/xrps-potential-as-the-next-bitcoin-ripple-ceo-on-solving-trillion-dollar-problem/" rel="noopener noreferrer nofollow">XRP has the potential</a> to emerge as the world’s reserve bridge currency given sufficient time and favorable advancements from Ripple.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

German VC Firm CEO Predicts Ripple’s XRP Will Become Global Currency

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