Ripple Chief Technology Officer David Schwartz responded to community concerns about the price of XRP following the launch of the Ripple USD (RLUSD) stablecoin for cross-border payments. Meanwhile, ETFSwap (ETFS) is set to soar in value with the launch of the Phase 1 beta platform.
ETFSwap (ETFS) set to 1200x after beta platform launch
ETFSwap (ETFS) was conceived as a one-stop shop for tokenizing and trading exchange-traded funds (ETFs). The platform provides an intuitive and attractive interface for traders and investors to access and invest in tokenized representations of ETFs offered by institutions. The result will be a deliberate fusion of blockchain technology and institutional assets, bridging the gap between TradFi and DeFi.
This vision took over 15 weeks to bring to life by a talented team of developers, crypto market experts, financial experts, and other talent. The goal is closer than ever, as the ETFSwap (ETFS) team has announced that it will launch Phase 1 Beta of its innovative platform in the coming days. To provide the cryptocurrency community with an overview of the infrastructure, the team has prepared a video that will be shared on social soon.
ETFSwap (ETFS) and the broader crypto community have expressed excitement and anticipation for the launch of the beta platform on social media. They are especially looking forward to getting hands-on experience with the advanced trading tools and features that ETFSwap (ETFS) has been heralding for months.
For several months now, the ETFSwap (ETFS) team has been talking passionately about the innovative AI-powered tools and features that ship with our ETF trading platform. A fan-favorite and anticipated feature is ETFSwap’s AI-powered ETF tracker and ETF screener. It tracks ETF prices in real-time and updates users accordingly, allowing users to open positions to take advantage of profitable opportunities or close positions to mitigate losses.
New developments have increased interest in ETFSwap (ETFS) tokens as the ongoing pre-sale has seen more inflows than any other week of this week and subsequent pre-sales. Analysts have studied the current sentiment and predict that the token will rise 1,200x in the next few days after the launch of the beta platform.
Ripple CTO quells community doubts about Ripple USD (RLUSD) stablecoin’s impact on XRP price
Ripple CTO David Schwartz spoke about the uncertainty surrounding the launch of the Ripple USD (RLUSD) stablecoin and its impact on the price of XRP. Ripple developed the Ripple USD (RLUSD) stablecoin as a cross-border payment solution, and its launch was one of the most anticipated in the cryptocurrency community.
Meanwhile, the XRP community is concerned about the Ripple USD (RLUSD) stablecoin, which is believed to reduce the role of the Ripple (XRP) altcoin in cross-border payments and further reduce the XRP price. . A Ripple (XRP) trader asked Schwartz on X (formerly Twitter) about the situation and whether the Ripple USD (RLUSD) stablecoin would be positive for Ripple (XRP).
Schwartz responded that despite its utility being similar to the Ripple USD (RLUSD) stablecoin, it had a series of effects that stabilized the price of XRP. He emphasized that only Ripple (XRP) tokens can be used to pay for XRP Ledger (XRPL) transaction fees. Since there is no jurisdiction or counterparty, it is not subject to freezes or clawbacks. He also pointed out that XRP has structural advantages over the XRP Ledger (XRPL) due to features such as auto-bridge. At the time of writing, XRP price was $0.5327.
conclusion
Given its continued utility on the XRP Ledger (XRPL), Ripple plans to prevent the XRP price from falling due to lack of demand for the token. By doing so, the Ripple (XRP) community will not have to worry about the XRP price going into altcoin hell in the future. To reap significant profits from ETFSwap (ETFS) surging 1,200x within days, interested investors should purchase the token pre-sale before its impending exit. You can further maximize your earning potential with our ongoing 50% bonus promotion.
For more information on the ETFS presale, please see below.
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