学院 _information 文章

“XRP will not compete with either central bank currencies or stable currencies

Emi Yoshikawa, Ripple’s senior director of global operations, talks about the relationship between Ripple’s XRP token and Stablecoins and central bank digital currencies (CBDCs). Yoshikawa thus touched on an important topic in the XRP community, particularly the rapid growth of central bank digital currencies around the world. XRP will not compete with either central bank currencies or stable currencies, according to Emi Yoshikawa, a senior Ripple employee. In a CDBCs world, XRP can also be used as a bridge currency for cross-border payments to address liquidity issues.

As the Ripple executive explained, XRP does
not compete with central bank digital currencies or stablecoins. XRP could be
complementary in a world of CBDCs and, as in the current banking system, could
be used as a bridge currency for cross-border transfers. Specifically, in
response to the question of whether stablecoins and CBDCs are competitors for
XRP, she stated that XRP is not in competition with them:

There are different types of crypto assets,
but I believe that the role of XRP as a bridge currency is not in competition
with the stablecoins and CBDCs, but on the contrary is complementary. We
believe that XRP as an independent crypto-asset will build a bridge between
different stablecoins and CBDCs to address the liquidity problem and create
synergies.

Referring to the advantages of ODL over the
traditional banking system and the way cross-border payments are made,
Yoshikawa said that ODL will enable the transition to a fully demand-driven
model:

This is considered one of the biggest pain
points, especially for smaller financial institutions. The use of crypto assets
eliminates the need to pre-finance nostro accounts and allows you to make full
currency conversions when needed. Specifically, the sender’s currency is
converted to XRP at the exchange in the country to which the money is sent, and
then XRP is immediately transferred to the wallet of the exchange in the
destination country, where it is converted to the local currency and delivered
to the final recipient. If the current pre-financing model is batch-based, ODL
will allow us to move to a fully demand-driven model.

In the interview, Yoshikawa also stressed
the importance of On-Demand Liquidity (ODL) for Ripple. The XRP based payment
solution is currently the focus of Ripple’s efforts. In particular, the company
is currently looking to open up new payment corridors, which, as Yoshikawa
emphasized, involves some regulatory tasks and the conclusion of new
partnerships:

The most important thing is the spread of
ODL. For ODL to be introduced in new markets, we need to clarify a number of
requirements, including discussions with local authorities, cooperation with
partners and liquidity in the market. There are many barriers, as this is a
completely new structure, but we are making progress with each one of them. In
particular, we are prioritizing markets that have a good regulatory
understanding of crypto-assets.

In the interview, Yoshikawa also emphasized
the role of Xpring in creating new use cases for XRP and Interledger
technologies. Specifically referring to XRP community in Japan, she explained:

We hope that more and more Japanese
developers will become familiar with XRP and Interledger and use them in the
future. In fact, there is a movement within the Japanese XRP community to
establish a group to develop services using the XRP ledger that has caught our
attention.

Author : Jake Simmons

加⼊欧科云链社群

和全球数字资产投资者交流讨论

扫码加入欧科云链社群

相关推荐

_information