With inflation nibbling away at savings and stocks delivering modest returns, many investors are looking elsewhere. A $500 investment in the S&P 500, for example, could earn just $50 a year if the average 10% return holds up.
It’s something that could attract more businesses and institutions into the world of crypto by providing them with clearer guidelines to abide by.
Ripple Labs, the entity behind XRP, was among several that were hurt by previous regulatory ambiguity. The 2021 lawsuit by the SEC against Ripple caused MoneyGram to abandon XRP-based payment solutions.
But now that XRP is no longer considered a security when sold to retail buyers, some of the pressure has dissipated. Ripple can still expect fines related to prior institutional sales, but the landscape is now decidedly changing.
While many cryptocurrencies are used in highly speculative apps, XRP sticks to what it does best: moving money fast and cheap. Transactions cost just 0.00001 XRP and are completed in seconds. That makes it ideal for international payments, where delays and fees are common.
For users sending money between countries, XRP can act as a bridge. Dollars can be quickly converted into yen or other currencies without relying on traditional banking rails. RLUSD makes that process even smoother while keeping XRP in play.
Featured image from RooM RF, chart from TradingView
