Ripple's CEO, Brad Garlighouse, often has a voice about linking banks with blockchain solutions. In his last tweet, he mentioned the crucial importance of Blockchian technology for commerce. He confidently affirmed the New York Post, writing that "Blockchain technology could prove to be as important for commerce as e-mails and text messaging for communications " the intention of the financial system if built with blockchain will help to connect global people to access to banking services.
"Blockchain … could prove to be as important for commerce as e-mails and text messaging for communications.The new financial systems built on it could help connect people all over the world who do not have access to traditional banking services. . "Https://t.co/mHeXiSRLaQ
– Brad Garlinghouse (@bgarlinghouse) December 19, 2018
However, one day when Twitter fans were busy talking about the use of xRapid and the XRP regulatory position as security, they mentioned Brad talking about the matter. However, his last tweet is really underlining the point.
Digital currency reserve for America and financial revolutions
He stressed that the post describing "digital financial revolutions" would result in "significant opportunities for employment and economic development". It is quite interesting to note that the article was published in The New York Times, which was closed by Brian Brooks, the head of Coinbase, a cryptocurrency exchange. The article that was titled & # 39;America could lead the transition to a digital currency reserve " it focused primarily on the decline in the value of the US dollar as a "world reserve currency" that opened the door to "creating digital reserve currency". Brian in his post encouraged developers of cryptographic projects referring to entrepreneurs. It notes that;
These innovations could be exploited by developers in the same way that entrepreneurs have created Web services on the Internet, from eBay to Facebook, with the same huge impact on the American economy.
As reported by the coingape, most central banks are issuing their own digital currencies, including China, Swedan, Brain takes over America to start with the research paper to adopt the cryptocurrency mechanism.
And if it does, it could eventually build dominant cryptocurrency technologies that will become the backbone of the 21st century financial system., It reads in the statement.
This development would be widely used in a scenario in which America would experience significant fluctuations in the financial sector. Furthermore, it would help the farmer to deal with foreign clients in terms of cryptocurrency rather than foreign currency frictions.
And its development agencies, like the U.S.A.I.D., Could "encrypt" cryptocurrencies in regions of the world affected by difficulties that do not have access to the banking infrastructure.