- An XRP enthusiast says Judge Torres’ ruling sparks an incredible momentum for XRP.
- He expects Ripple and XRP to make many exciting announcements in the months ahead.
- This ranges from software development booms to NFT projects on XRPL.
The recent ruling by Judge Analisa Torres declaring that XRP is not a security has set off a chain reaction of delight across the crypto space. While some might feel this was the climax, others believe it is just the beginning.
Specifically, many crypto and XRP enthusiasts are gearing up for a series of major announcements. According to one enthusiast, the dispelling legal cloud opens a ton of possibilities for the XRP and crypto community.
Firstly, he says we can expect XRP to be join Ripple’s Liquidity Hub. With the regulatory uncertainty resolved, Ripple will likely add XRP to its Liquidity Hub. In response, this move will further boost the token’s liquidity and strengthen its position in the market.
Secondly, he says American banks will embrace ODL. That is to say, major US banks, potentially including Bank of America, are likely to adopt Ripple’s On-Demand Liquidity (ODL) solution.
In fact, many banks and similar financial entities have already begun to do so. This will connect the US to all the currency corridors Ripple has already established. Ultimately, this move will streamline cross-border payments like Ripple always intended.
Similarly, he expects to see more Xrpl-based CBDCs with central banks. Following the success of the recent CBDC partnership, Ripple will likely announce more collaborations with central banks of small to medium-sized countries. No doubt, each country’s inclusion will be a significant milestone for the ecosystem.
Next, he highlights the possible implementation of Automated Market Makers (AMMs) on XRPL. Once proposal XLS-30d is passed, AMMs will be introduced to the XRPL. This will enable all users to earn yield on their XRP at the Layer-1 level, fostering increased on-ledger activity. Additionally, FXRP on Flare will provide decentralized yield opportunities for XRP holders.
Adding on, he expects to see an influx of developers to XRPL. This is a fair expectation since XRP is no longer considered a security, it becomes an attractive option for software developers.
He expects to see a wave of projects migrating from other blockchains to interoperate with XRPL, taking advantage of its legal non-security designation. On this matter, Uphold is already ahead of the competition.
Lastly, he says XRPL NFTs and Ecosystem Expansions. Specifically, he says that the path is clear for XRPL to explore new territories like NFTs, tokenization, real estate deeds, carbon credits, and more. Thus, collaborations with play-to-earn gaming, metaverse, A.I., and other groundbreaking ecosystem developments are also on the horizon.
According to the post, the future looks brighter than ever for XRP and the XRP Community. He concludes by saying that the list of possibilities continues to grow, and with each milestone, the excitement builds greatly for XRP.
Read Also
The post XRP Poised for Greatness: Judge Torres’ Ruling Just the Beginning appeared first on Crypto News Land.
