- King Karan highlights the importance of potential XRP banking integration.
- Ripple technology offers faster and more efficient transactions than SWIFT.
Bitrue ambassador King Karan has persuasively defended XRP, highlighting that it would be the biggest mistake to miss out on its potential integration into the global banking system. In a recent post on X, Karan conveyed his unwavering faith in the seventh-largest cryptocurrency by market cap.
For me it doesn’t matter if XRP takes off tomorrow or 2 years later.
I have my money in enough alternatives to make money no matter what.
But the biggest mistake someone can make is missing the implementation of XRP in the financial banking system.
β ππ ππ ππ π₯π π£π (@KingKaranCrypto) June 27, 2024
King Karan’s confidence in XRP
In his article, King Karan made it clear that he doesn’t care if XRP goes up a lot in the next two years. He has a safety net thanks to his diversified holdings in several cryptocurrencies, ensuring income despite fluctuations in the short-term price of XRP. This confidence is a result of his belief that XRP has more potential.
However, Karan stressed that anyone who ignores the eventual integration of XRP into the international financial banking system may be making the biggest investment mistake of their life. His statement emphasizes the revolutionary potential of such integration for the value and utility of XRP.
Impact on token price and utility
Based on Karan’s comments, the price of XRP could rise dramatically if it is successfully integrated into the banking industry. The current changes in the Ripple ecosystem validate this opinion. For example, Ripple’s new RLUSD stablecoin seeks to increase the utility and market presence of XRP, as CNF previously reported.
In addition, Ripple differentiates itself in the financial market due to its technology, which is known for making transactions faster and more effective than SWIFT.
Meanwhile, data from CoinMarketCap shows that the price of XRP at the time of writing is at $0.4752below 0.49% during the last 24 hours.
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