"Can it happen? But the question now is when?"
If the trillion-dollar problem is solved, Ripple's Chief Executive Officer (CEO) Brad Garlinghouse believes that the cryptocurrency he founded XRP could become the next Bitcoin (BTC).
Since the lawsuit between XRP and the Securities and Exchange Commission (SEC) sided with the digital asset when Judge Analisa Torres ruled that XRP is a security, token remittance* has become a popular topic among investors.
*Programmable token with value
Following that, Garlinghouse said XRP could take over BTC in the future as the digital asset has a strong competitive advantage in the crypto market.
This is because XRP has joined hands with regulators and banks, so here it can be seen that digital assets that still have no regulatory certainty can increase the chances of XRP's success in the long term.
Not only that, XRP is also trying to overcome some problems, where RippleNet uses messaging system in its innovative attempt to implement payments in seconds.
Currently, the innovation has 100 customers from some of the world's largest banks as well as payment providers such as Western Union including MoneyGram, commented Garlinghouse in more detail.
In addition to providing real value to customers for problem solving, XRP used by many countries for cross-border payments is expected to be 1,000 times faster than BTC.
As of this writing, the XRP price is still down 1.02% at $0.49 in the last 24 hours with its $28 billion market cap slipping 0.81% over the past week.
