Ripple is actively working to strengthen its position in the world of decentralized finance (DeFi), as evidenced by their detailed roadmap. During the CoinDesk Consensus conference, CTO David Schwartz shared the company's strategic plans, highlighting a clear focus on DeFi.
Innovative Integration with Traditional Finance
A key objective for Ripple is to enable institutions to create highly regulated financial products, such as traditional loan portfolios, that are compatible with DeFi ecosystems. For example, a regulated financial institution could issue traditional loans for real estate or business purposes. These loans could then be tokenized, making them tradable within DeFi systems.
Efficiency Through Automation
DeFi systems can automate many manual and time-consuming processes, such as transaction processing and loan management. This leads to lower operational costs and higher efficiency for financial institutions, increasing the appeal of DeFi for traditional financial players.
Path to Broad Adoption
Schwartz emphasized that institutions play a crucial role in the mass adoption of cryptocurrency, similar to how the internet initially grew through use by government agencies and the military, eventually leading to widespread acceptance by the general public.
He expressed enthusiasm about the trend of institutions not only adopting blockchain technology but also offering their customers access to blockchain-based services. This allows customers to directly benefit from advantages such as improved transparency, lower costs, and faster transactions. This could accelerate the adoption of blockchain technology as more people become familiar with it and experience its benefits.
The Enormous Potential of XRP
If the XRP Ledger (XRPL) becomes the blockchain on which large companies operate their services, this could cause a significant increase in the value of XRP. According to crypto analyst EGRAG, XRP has substantial growth potential. He compares investing in XRP now to early investments in tech giants like Apple, Tesla, Google, and Amazon.
EGRAG points out that Apple shares were worth only $0.50 in 1989 but are now nearly $190, a growth of more than 37,500% in 35 years. Google and Tesla have seen similarly impressive increases. EGRAG predicts that XRP could be worth more than $105 by 2050, provided broad adoption is achieved. In the shorter term, he sees a target of $27, representing a 5,000% increase.
