Elon Musk wants to convert x into “Application of everything”. He believes that X payments can become half of the global financial system. In Podcast, Musk talked about the creation of a payment system with the least fraud, according to Zak Humphrez. This makes us wonder if Blockchain technology may be part of his plan.
Zach Humphrez, who has more than 191,000 subscribers in YouTube, believes that XRP can be the solution. He sees a natural suitability between XRP capabilities and what Musk wants to achieve using X.
Discussion: XRP and X payments
According to Zach Humphries, Fox Business reported that X payments will come soon. There is already a X payment account. There are whispers about the special meetings between the CEO of Ripple Brad Garlinghouse and Elus Musk, although nothing has been confirmed yet.
When asked about taking Ripple Public, Garlinghouse said “not now.” He explained that Ripple focuses on partnerships and acquisitions instead. This strategy may have a relationship with the payments x.
The purpose of the original XRP and its capabilities
Many people believe that XRP was made for banks. This is partially true, but Humphrez shows that XRP is really created to break the monopoly of banks. It aims to cut mediators and provide transfers from person to a better person than Bitcoin.
XRP is designed as an improved version of Bitcoin. It is more efficient and can do more things, like the distinctive symbol of assets. While Bitcoin fans often call XRP “a banking currency” or “central currency”, Humphrez argues that Ripple is building technology for all, not only financial institutions.
Professor XRP notebook for decentralized financing and users was built every day. This matches the goal of X Payments to become a global payment application.
XRP is already undertaken by border border payments effectively. This makes it reasonable to think that X payments may use what XRP created. XRP is now integrated with Rapid payment system Through eastnet payments. This XRP allows to move easily via Swift, to become a bridge between different financial systems.
Also read: Ripple (XRP) VS Securine Update: Here when it really ends
The logical relationship between XRP and X payments
XRP seems exactly what Musk wants to pay X: smooth, less fraudulent, and actual time processing. Despite the well -known Musk for Dogecoin, XRP technology is completely suitable.
With search partnerships for Ripple and XRP that connect to global payment networks, the cooperation between Ripple and X Payments X is logical. Nothing has been confirmed yet, but the identical goals and compatible technology make this an interesting possibility to watch.
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