Teucrium CEO: Ripple could dominate the global banking sector with XRP priced at $3 or more
$XRP Cryptocurrency analyst and investor Xaif posted a commentary highlighting the remarks of Teucrium CEO Sal Gilbertie, which drew attention to Ripple's potential position in global banking services.
The tweet mentioned that Ripple, which holds 40 billion XRP on its balance sheet, could leverage this stake to obtain a banking license. Xaif pointed out that at an XRP price of $3, Ripple would rank among the top 20 global banks, while at a price of $6 or more, it could rank among the top 10 banks, and possibly become the largest bank globally.
The tweet confirmed that Ripple is not limited to payment solutions but is moving towards creating a wide-ranging banking power.
✨Sal Gilbertie discusses Ripple's prospects
The tweet discusses a video between Sal Gilbertie, the CEO of Teucrium, and cryptocurrency investor Paul Barron. In the conversation, Gilbertie touched on the issue of what Ripple might do with its holdings of 40 billion XRP, noting that one of the strongest theories is that the company is keeping the asset on its balance sheet after obtaining a banking license.
Gilbertie explained that with XRP reaching a value of $3, Ripple would indeed be among the top 20 banks in the world by capital. He said that if the price exceeds this level, Ripple could rank among the top 10 banks or possibly even the leading bank globally by capital. He described this possibility as 'astonishing,' emphasizing the impact that Ripple's XRP reserves could have on the banking sector.
Paul Barron responded to Gilbertie's statement, saying that this development would be noteworthy, arguing that many in the financial sector might not fully recognize the scope of this potential. Barron noted that the market might be overlooking the implications of Ripple's reserves and the opportunities associated with XRP's valuation compared to global banking standards.
✨Wider impacts on cross-chain finance
Alongside Ripple's banking prospects, the discussion between Gilbertie and Barron also addressed the future of financial instruments. Barron asked Gilbertie whether it would eventually be possible to trade leveraged exchange-traded funds (ETFs) directly on-chain. Gilbertie confidently replied, affirming his belief that all financial instruments will transition to chain systems.
He stated that no financial product will remain outside the scope of blockchain in the long term. He affirmed his statement that the adoption of blockchain technology will continue to expand to include all financial areas, including traditional markets.
✨Ripple's position in the global financial scene
Xaif's tweet and the accompanying video highlight the extent to which Ripple could reach if the theories regarding its banking license and XRP balance sheet succeed. With the potential to be classified among the largest global banks, Ripple's role in the financial sector could extend beyond just cross-border payments, becoming a key player in the global banking sector.
The proposal made by Gilbertie and Barron that such a transformation may not yet be widely recognized adds weight to the argument that Ripple's strategy could reshape how digital assets integrate with traditional financial systems.
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