Real Vision CEO Raoul Pal: XRP Network Will Play Central Role in Future CBDC System

[solodeji]

Raoul Pal, a former executive at Goldman Sachs, asserts that a central bank digital currency (CBDC)-the based economy could one day rely heavily on the XRP network.

The Real Vision CEO says in a recent ask me anything (AMA) session that the XRP Ledger (XRPL), rather than only garnering speculative frenzy, has established a strong foundation by being widely used.

Raoul Pal’s Thoughts About Ripple

Raoul Pal thinks there's this strange historical account about Ripple. The point is that Ripple genuinely has a significant role, even if they have to settle a lawsuit and get a warning. It is a network that transfers money and does an excellent job at it. It has a close relationship with international governments and has put much effort into it.

There is a reason the chain is valued so highly, and it isn't due to speculative reasons since the lawsuit prompted it to be pulled down from several exchanges. It's because a lot of value gets transacted on the chain when he uses Metcalfe's Law model. It is being used.

According to Pal, if the world moves toward a CBDC-based global economy, the XRP network has a real chance of being at the core of it all.

He believes that once the legal problem is resolved, there is a good chance that the chain's value will increase markedly, and as the world goes toward central bank digital currencies (CBDCs), he believes that the XRP Network will be at the core of all of that.

Pal is aware that it is not the fad of the moment for many people, but he believes it to be a major player in a significant niche.

https://timestabloid.com/real-vision-ceo-raoul-pal-xrp-network-will-play-central-role-in-future-cbdc-system/