Ripple and BlackRock may share common goals, as the fast transactions of XRP are seen as a tool for stabilizing markets during crises.
XRP could serve as a barrier to digital liquidity, similar to the use of gold in 1933, but more effective in the global financial sector.
The joining of veteran Wall Street experts to blockchain technology, along with rumors of BlackRock testing Ripple's XRP Ledger, indicates growing relationships.
There is much talk about the possibility of a connection between Ripple and BlackRock.
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Some of this talk seems like wild theories, but experts believe there is a real possibility of a connection. They think that Ripple's XRP could play a major role in solving financial problems. And perhaps BlackRock is looking to it specifically for this purpose.
XRP as a facilitator in crises
Jake Klaver, one of the prominent names in the Digital Ascension Group, stated in an interview with Paul Barron Network that Ripple and BlackRock seem to be moving in parallel.
After the 2008 financial crisis, BlackRock intervened to maintain market stability, acting as an aide to the U.S. government. Ripple's XRP is designed for ultra-fast money transfers and settlement of transactions, which could make a significant difference in crises.
If the economy collapses, XRP could act as a protective factor, as it moves value quickly across markets to prevent their collapse. In 1933, the United States used gold to balance debts, but doing so now requires high gold prices, like $30,000 an ounce. Because XRP is digital and global, it could be a smarter and more modern way to fix balance sheets.
There is also talk of Wall Street experts entering the blockchain world. Some of these influencers are now linked to XRP or Ripple technology, hinting that BlackRock may have already entered this space. Rumors suggest that BlackRock's Aladdin system, an effective investment management tool, may have been tested on the Ripple XRP Ledger. If true, it shows BlackRock's curiosity about Ripple's settings.
What is the significance of this matter now? Some compare today's situation to the early days of the Internet but for financial systems. Trust in the traditional financial system is wavering. With rising prices of everyday goods due to inflation, blockchain could rebuild this trust.
If BlackRock and Ripple quietly collaborate, XRP could become a key player in the future of the financial sector. Even without an official partnership. It seems both are preparing for a world where traditional currencies and blockchain mix.