JAKARTA - Ripple, the leading company in blockchain and crypto solutions, made history with the vision of launching exchange-traded funds (ETF) for its digital asset, XRP. Ripple president Monica Long, in an interview with CNBC, stated firmly that ETF XRP is not just a possibility, but a necessity.
Monica Long highlighted the clarity of regulations that have formed in the United States, which put XRP in a position equivalent to Bitcoin. With a large market cap and significant daily trading volume, XRP has shown itself to be a mature asset for further innovative measures. Quoted from CoinGape, Long argues that the presence of the XRP ETF will meet growing demand from institutional investors seeking diversification in their crypto investments.
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Ripple is not only focused on ETF, but is also developing a stablecoin project that is expected to launch by the end of 2024. The project will give birth to a fully supported stablecoin by the US dollar, providing the stability and trust needed in the crypto market. Monica Long insists that the XRP token will continue to play an important role as a bridge asset, even after the launch of the stablecoin.
In a bid to strengthen its cross-border payment services, Ripple has also recently announced a partnership with Clear Junction. This partnership will allow instant and secure payments in GBP and EUR denominations, expanding Ripple's reach in the European market. Clear Junction, as an electronic money agency authorized by the FCA, offers security and protection for its partner funds, adding strength to its Ripple service.
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