Latest news with #CentralBankDigitalCurrencies
Yahoo
3 days ago
- Business
- Yahoo
Digital Currencies Could Mitigate the Shocks of Trump's Trade War
The resurgence of economic nationalism and protectionist trade policies since U.S. President Donald Trump's return to the White House, particularly through the escalation and now de-escalation of tariffs against China and other key trade partners, has already triggered significant disruptions in global trade flows, with the potential for more in store. These measures, ostensibly aimed at correcting trade imbalances, led instead to retaliatory tariffs, volatility in global markets and a possible decline in cross-border investment. As supply chains fractured and industrial output slowed down, many economies faced the risk of recessionary pressures, revealing the fragility of global economic interdependence under political stress. Amid these structural tensions, digital assets—most notably Central Bank Digital Currencies, or CBDCs, and stablecoins—have emerged as potential instruments of monetary and financial innovation that could help address some of the disruption caused by Trump's tariffs and other systemic shocks to the global economy. In this context, it is crucial to differentiate among the various digital financial instruments currently under consideration. CBDCs are digitally native, sovereign-issued representations of a nation's fiat currency. Directly managed by central banks, they are designed to be legal tender, promising enhanced monetary sovereignty, greater financial inclusion and increased transaction transparency within a regulated framework. So far, three countries—Nigeria, the Bahamas and Jamaica—have launched CBDCs, while dozens of others, including China, Europe, India and Brazil, are in the process of piloting them. On the other hand, stablecoins in their current iteration are privately issued digital tokens engineered to maintain a stable value by being pegged to fiat currencies or tangible commodities. They aim to integrate the stability of traditional currencies with the efficiencies of decentralized or hybrid financial architectures. To get more in-depth news and expert analysis on global affairs from WPR, sign up for our free Daily Review newsletter. Unlike speculative cryptocurrencies such as Bitcoin, both CBDCs and stablecoins are fundamentally designed to optimize payment efficiency and facilitate deeper integration within the broader financial system. The key technological differentiator lies in their programmable features and capacity for real-time data integration. This allows for conditional transactions such as targeted subsidies or capital controls, as well as rapid deployment of relief measures and enhanced systemic oversight—capabilities that become particularly relevant in an era of fractured global trade and recurring economic shocks. Though initially conceived as enhancements to payment systems and financial inclusion, these digital forms of money have the capacity to address broader macroeconomic challenges, including the stabilization of economies during externally induced downturns. The imposition of tariffs by the U.S. under the Trump administration, particularly against China, marked a pronounced shift away from multilateral trade norms. Although the ramifications of these tariffs are yet to be fully determined, it can be assumed that the world will not merely witness a slowdown in bilateral trade between the U.S. and China, but a broader disruption of global supply chains, with ripple effects across both advanced and emerging economies. Trade wars of this magnitude have historically triggered contractionary effects: depressed export volumes, reduced industrial output and heightened input costs. Faced with uncertainty and fluctuating trade terms, businesses often defer investment decisions, amplifying economic stagnation. Simultaneously, market volatility and currency depreciation, particularly in trade-exposed economies, can lead to capital flight and financial instability. The economic consequences of these disruptions are often recessionary in nature. However, traditional monetary and fiscal responses are not always agile or evenly effective in this context, especially in economies with limited policy space. This challenge explains the growing interest in alternative instruments, including digital assets, to buffer against such externally induced shocks. Digital assets have grown in prominence as governments and private actors seek to modernize payment infrastructures and increase financial inclusion. However, their potential extends beyond transactional efficiency. Their programmable features and capacity for real-time data integration offer possibilities for more targeted monetary interventions, including during times of economic distress. This functional flexibility adds a useful tool to policymakers' kit in efforts toward macroeconomic stabilization, particularly in crisis scenarios shaped by trade and financial dislocations. In recessionary environments precipitated by trade wars, digital assets offer several novel mechanisms for economic stabilization. First, CBDCs provide a direct and programmable channel for monetary stimulus. Governments could deploy targeted transfers to households or businesses without relying on intermediaries, thereby accelerating the impact of monetary policy and enhancing its precision. This approach could prove especially effective in periods of constrained demand and institutional bottlenecks. Second, both CBDCs and stablecoins can reduce friction in cross-border transactions. Trade tensions often exacerbate currency volatility and disrupt international settlements. Because they are pegged to low-volatility assets, stablecoins may serve as interim units of account or stores of value in jurisdictions facing capital flight or depreciating domestic currencies. CBDCs with cross-border interoperability features could facilitate bilateral or regional trade outside traditional dollar-based systems, thereby insulating economies from external financial pressures. Third, the data-rich nature of digital asset platforms offers real-time economic insights, enabling more responsive and adaptive policy interventions. Together, these capabilities suggest that digital assets could serve as complementary instruments within broader countercyclical economic strategies. Yet, despite their potential, the deployment of digital assets as macroeconomic tools is fraught with structural, regulatory and geopolitical limitations. Most centrally, institutional readiness varies significantly across jurisdictions. Implementing a secure, scalable and resilient CBDC infrastructure demands not only technological capacity but also robust legal and regulatory frameworks—many of which remain underdeveloped. Though stablecoins are more rapidly deployable, the fact that they are issued by private-sector nonstate actors raises concerns about monetary sovereignty and regulatory arbitrage. Their proliferation could undermine capital controls and erode central banks' ability to conduct effective monetary policy, particularly in emerging markets. Additionally, the absence of standardized global oversight increases the risk of financial fragmentation and illicit financial flows. Geopolitically, the asymmetric adoption of digital currencies could deepen global financial imbalances. If major powers develop CBDCs with extraterritorial reach, smaller economies may face new forms of dependency or exclusion. Finally, unresolved issues around privacy, surveillance and cybersecurity continue to represent challenges, undermining public trust and long-term scalability. These risks underscore the necessity of cautious, coordinated implementation strategies, at a time when multilateral cooperation is being strained, not least by the Trump administration's trade war. CBDCs and stablecoins hold promise as supplementary instruments for mitigating the economic fallout of trade war-induced recessions. Their programmable design, transaction efficiency and potential for policy precision offer meaningful advantages in crisis contexts where traditional tools may falter. However, issues such as technological infrastructure gaps, privacy concerns, cross-border friction and uneven regulatory readiness continue to impede their widespread deployment. For the advantages offered by digital assets to be fully realized, these significant limitations around adoption, interoperability and regulatory clarity must first be addressed. As digital assets continue to evolve, their strategic utility will hinge on careful governance, institutional capacity building and multilateral coordination to ensure they support, rather than destabilize, an increasingly fragile global economic order. S. Yash Kalash is research director of digital economy at the Centre for International Governance Innovation. The post Digital Currencies Could Mitigate the Shocks of Trump's Trade War appeared first on World Politics Review.
Business Mayor
20-05-2025
- Business
- Business Mayor
CBDCs and the future of money: A global shift towards sovereign digital currency
Central Bank Digital Currencies (CBDCs) have rapidly evolved from theoretical discussions into a tangible component of modern financial systems. Once confined to academic and policy circles, interest in CBDCs surged following the 2008 financial crisis and the emergence of cryptocurrencies like Bitcoin, which challenged conventional banking structures. A major catalyst came in 2019 with Facebook's announcement of the Libra project, prompting central banks to act swiftly to safeguard monetary sovereignty. Since then, CBDCs have emerged as a transformative innovation, with central banks across the globe embracing this evolution. While each country's path towards CBDC adoption varies based on its financial infrastructure, technological maturity and policy objectives, the overarching goal remains clear: to create a more inclusive, efficient and resilient monetary system for the digital age. For those new to the concept, understanding CBDCs begins with connecting it to familiar experiences. A CBDC is a digital form of a country's official currency, issued and regulated by its central bank. Unlike decentralised cryptocurrencies such as Bitcoin, CBDCs are government-backed digital fiat currencies, designed to serve as legal tender for everyday transactions. Think of it as digital cash: individuals could use it to buy groceries, pay for services, or send money instantly and securely just by using a smartphone. Unlike balances in mobile wallets like e-Sewa or funds held in bank accounts, CBDCs carry the full backing of the government. For users, this translates into a more reliable and accessible payment method, particularly beneficial in underserved or remote areas. By merging the convenience of digital payments with the security of central bank backing, CBDCs aim to democratise access to financial services. As the world becomes increasingly digitised with growing reliance on smartphones, online banking and mobile payments, central banks recognise the urgency of modernising money itself. The proliferation of digital wallets, cryptocurrencies and fintech platforms has reshaped public expectations around speed, security and accessibility in financial services. In response, countries are actively exploring and launching CBDCs to ensure that their national currencies remain relevant and effective in a digital-first world. Today, more than 130 countries representing over 95 per cent of global GDP are researching, developing, or piloting CBDCs. From China's digital yuan to India's e₹, nations are not merely adapting to change but leading it, seeking to build more resilient, inclusive and future-ready monetary ecosystems. Some countries have already taken significant steps. Nigeria, the Bahamas and Jamaica have fully launched their digital currencies. Meanwhile, the European Union and the United Kingdom are advancing their respective projects the digital euro and 'Britcoin'. Even the United States is conducting extensive research, though it has yet to formally commit to a national rollout. These efforts collectively underscore that CBDCs are not just a passing trend, but a cornerstone of the future financial architecture. International cooperation is also gaining momentum. Initiatives such as 'mBridge', led by the Bank for International Settlements, involve countries like China, the UAE and Thailand in piloting cross-border CBDC transactions. These collaborative ventures demonstrate CBDCs' potential not only to enhance domestic monetary systems but also to improve global financial integration and efficiency. Nepal, too, is embracing this digital transformation. The Nepal Rastra Bank (NRB) is actively working towards introducing a Central Bank Digital Currency, marking a significant step in modernising the nation's financial landscape. With technical support from the Bank for International Settlements, NRB has developed a CBDC prototype using the Hyperledger Fabric blockchain and completed a comprehensive feasibility study. A pilot launch is targeted for 2026, with the system designed to support both wholesale and retail transactions. The goal is to enhance financial inclusion, reduce dependency on physical cash and improve the transparency and efficiency of payments. Legal frameworks are currently being prepared to ensure secure and regulated implementation. If successfully executed, Nepal's CBDC initiative could play a pivotal role in creating a more inclusive and digitally empowered economy, while keeping pace with global financial trends. What's clear is that CBDCs are no longer just theoretical constructs, they are becoming a reality, shaping the next chapter of sovereign finance. However, the motivations behind CBDCs vary: advanced economies often focus on payment system modernisation and sovereignty over monetary policy, while developing nations see CBDCs as tools for expanding financial access, reducing cash dependency and boosting digital innovation. As more countries take concrete steps towards digital currencies, the global financial landscape is poised for a significant shift. Despite the existing challenges such as cybersecurity, privacy and infrastructure, the promise of CBDCs remains compelling: a secure, efficient and accessible monetary system tailored for the digital age. The transition to CBDCs is not merely a financial evolution, it is a defining transformation in the future of money.
Time Business News
13-05-2025
- Business
- Time Business News
Crypto Jesus Trump: Best Leader in Digital Currency Revolution
For better or worse, Donald Trump has become a figure of the century in the crypto world, earning the epithet 'Crypto Jesus Trump'. From mocking Bitcoin in 2019 to using it as a financial tool against CBDCs (Central Bank Digital Currencies), his attitude has surprised no one – traders, analysts, or politicians. His pro position on crypto, as the 2024 election bulldozes towards him, could change the face of digital Finance. Will he champion Bitcoin-friendly policies? Can he make the US a crypto superpower? Let us dig deeper into the digital currency revolution from Trump and what it means to investors, the economy, and the MAGA movement in general. The digital currency of crypto Jesus Trump revolution has transformed the finance world, redefining how businesses and people interact with money. With the growing popularity of cryptocurrencies, we find some leaders pushing the innovation and adoption of the technology. The phrase 'Crypto Jesus Trump' was not a whim out of nowhere. It first began as a meme among libertarian Bitcoiners, and has remained even as Trump's rhetoric changed from skeptic to fanboy enthusiasm. Early Skepticism: In 2019, Trump tweeted that he was 'not a fan of Bitcoin' and blamed it for volatility, preferring the dollar. In 2019, Trump tweeted that he was 'not a fan of Bitcoin' and blamed it for volatility, preferring the dollar. The Pivot: He claimed to be 'the crypto president,' even welcoming campaign funds in crypto by 2024. Others say it's a political ploy to win over libertarians and tech-friendly voters. Others think he sees crypto Jesus Trump as a vehicle against government overreach. In 2024, if Trump wins, his policies may lead to a gold market boom. What traders & analysts are monitoring here is: Trump has indicated recognizing Bitcoin as a strategic reserve, like gold. Killing the CBDC Push He promises to thwart a US digital dollar by referring to it as a 'government surveillance tool'. Easing Regulations Soft SEC enforcement of crypto projects should increase innovation. Market Reaction Analysts estimate that a victory for Trump could send bitcoin to over $100K in a bid to speculate on deregulation. The 2024 election isn't just about politics—it's a battle for crypto's future. Policy Area Trump's Stance Biden's Stance Regulation Pro-innovation light-touch, Stricter SEC enforcement CBDCs Opposed to Exploring Digital Dollar Taxation: Potential crypto tax cuts, Higher capital gains Why It Matters: A Trump win could mean friendlier policies for exchanges like Coinbase, while Biden's approach may favor institutional control. The pseudonymous founder of Bitcoin, Satoshi Nakamoto, spearheaded this digital currency of the crypto Jesus Trump revolution. Nakamoto's vision is still felt in the industry through blockchain technology and decentralized Finance. Ethereum and Smart Contracts – As a cryptocurrency and blockchain technology innovator, Vitalik Buterin (born 21 January 1994) developed Ethereum – the world's second-largest form of cryptocurrency after the crypto Jesus Trump, currently comprising 53% of market share – and smart contracts, going ahead to create an Ethereum development platform. Vitalik Buterin, Ethereum's co-founder, changed digital currency with smart contracts. The Ethereum blockchain supports decentralized applications (DApps), which generate innovative ideas in Finance, gaming, stories, and supply chain management. Now, as the founder of the crypto Jesus Trump platform she created, Changpeng Zhao has played a fundamental role in making cryptocurrency globally accessible. Binance's exchange platform provides trading, staking, and decentralized Finance (DeFi) solutions that increase mass adoption. Elon Musk, CEO of the famous Tesla and SpaceX, has dramatically influenced the Jesus crypto Trump world. His acceptance of Bitcoin and Dogecoin has shaped market trends, while Tesla's acceptance of Bitcoin as a form of customer payment was a moment of mainstream adoption. Brian, CEO of Coinbase, has enabled institutional investment in digital currencies. Coinbase's nifty user-friendly platform has inked millions of users, connecting the gap between traditional money and crypto. Jack Dorsey, the previous CEO of Twitter and Square (now Block), is a staunch proponent of Bitcoin. His initiatives entail financial inclusion, where Bitcoin is supposed to be used as a way of trading for economic empowerment. Trump is not just using crypto Jesus Trump as a topic; he profits from it. Trump NFTs: His controversial NFT collections went out of stock quickly – politics met digital collectibles. Crypto Campaign Donations: He now supports crypto by receiving BTC, ETH, and meme coins, a pro-crypto move. Critics say it's a marketing ploy, but supporters argue it's a sign he's committed to Web3. Crypto Jesus Trump fits ideally with Trump's anti-establishment base. Decentralization = Freedom: A lot of MAGA supporters consider Bitcoin an opportunity to exit 'woke' financial systems. Key Allies: Elon Musk and Vivek Ramaswamy echo Trump's pro-crypto message. Bitcoin Price Surge: Some projections give $150K+ BTC in the year 2025 with Trump. Altcoin Boom: Meme coins and DeFi tokens may gather good momentum in the hopes of deregulation. Institutional Influx: Wall Street could be getting billions invested into crypto ETFs. Not everyone's convinced. Detractors argue: 'Trump crypto jesus trump scam' theories – do his NFTs have real value? Volatility Risks: Could another FTX-style collapse be the result of deregulation? Will Trump emerge as 'the crypto president'? We may see: A Bitcoin-friendly White House More U.S. mining dominance Be he an avatar of financial freedom or the maestro of political pageantry, the fact cannot be argued away: his success has turned the world of stock-option brokers upside down. Crypto Jesus Trump has decisively changed the field of discussion around digital currency. From Skeptic to Savior: Trump's change from mocking Bitcoin to replacing it could revamp the US crypto policy. 2024 Election = Crypto Crossroads: Bitcoin's next bull run might be triggered by Trump's victory, while Biden's route is regulatory. MAGA Meets DeFi: His partnership with libertarians, tech barons, and anti-CBDC champions has turned crypto into a central political battleground. High Risk, High Reward: Traders and analysts are split. Will Trump's policies supercharge innovation or invite reckless speculation? Whether you love or hate him, the influence on crypto Jesus Trump is too significant to ignore. If he wins in 2024, we might see the greatest financial revolution since the inception of Bitcoin. What's next? Track Trump's campaign steps, SEC occurrences, and Bitcoin's price development because of war, tweets, policies, and NFT drops that affect this market. TIME BUSINESS NEWS
Forbes
26-04-2025
- Business
- Forbes
Broaden Your Crypto Knowledge With These 5 Best Cryptocurrency Investment Books
In the ever-evolving digital asset industry, gaining a solid foundation is crucial. Whether a curious beginner or a seasoned investor, the best books on investing in cryptocurrency can sharpen your understanding of this complex and rapidly growing market. This article explores five must-read titles. Each is a standout crypto book offering unique insights into the concept of tokens, bitcoin, Ethereum and the broader crypto economy. From monetary history to investing strategies, these books cover it all. Navigating the world of cryptocurrency can be overwhelming without the right resources. The best books for investing in cryptocurrency provide essential frameworks for understanding the nuances of digital assets. From crypto's fundamental elements to its economic potential, these curated books provide the context and confidence to navigate the space with clarity. Below are five standout reads that every serious crypto enthusiast should consider. Layered Money explores the evolution of the global financial system through a powerful new lens: money as a layered structure. Nik Bhatia draws parallels between gold's historical role and today's digital innovations, showing how each 'layer' of money, from physical commodities to digital currencies, builds upon the last. He breaks down big topics like monetary policy, central banking and how bitcoin and Central Bank Digital Currencies (CBDCs) came to be, making them easy to understand. This book is an excellent pick for anyone curious about how crypto fits into the bigger picture of the financial world. With both book smarts and real-world insight, Bhatia makes Layered Money a standout read for anyone wanting to understand how money is going digital. Who should read this? Great for anyone who wants to see how crypto influences the way money and monetary policy are evolving. Where can you read/rent/buy this book? Available on Amazon and the author's website. Cryptoassets offers a clear and strategic framework for understanding the broader digital asset landscape. Rather than lumping all digital tokens under 'cryptocurrency,' the authors classify them into distinct categories: cryptocurrencies, crypto commodities and crypto tokens. These definitions are based on function and value proposition. It sheds light on how digital assets aren't all created equal and how each plays a unique role in the digital economy. The book's investment-focused approach equips readers to evaluate these assets critically, manage risk, and build a diversified portfolio. It also places crypto in a historical and economic context, comparing the current digital revolution to the rise of the internet. Who should read this? Anyone looking to diversify their crypto portfolio but isn't sure where to start. Where can you read/rent/buy this book? Available online and in major bookstores. Broken Money offers a comprehensive, yet accessible exploration of monetary history, technology and theory. Lyn Alden unpacks how societies have defined and used money, from ancient commodity currencies to today's fiat systems and emerging digital assets. She offers a straightforward description of how money systems work, helping readers understand both cryptocurrency and how today's financial system came to be. What sets this book apart is its human-centered perspective. It shows how changes in money impact individuals, institutions and power dynamics globally. It's a thought-provoking read, making it one of the most insightful crypto books for investors. Who should read this? Alden told Forbes in an interview that Broken Money is 'for those that are willing to take the time to get through a longer text that builds on itself from first principles up to a more complex and complete picture.' Where can you read/rent/buy this book? Available online and in major bookstores. The Cryptopians is a compelling narrative that takes readers behind the scenes of Ethereum's explosive rise and the chaotic beginnings of the broader crypto ecosystem. Laura Shin charts the evolution of decentralized networks, focusing on the revolutionary ideas and coinciding human drama behind Ethereum. From Vitalik Buterin's vision to the power struggles among co-founders, the book reveals how idealism collided with ambition in the race to reshape global finance. More than just a history of Ethereum, it's a tale of innovation, betrayal and the wild frontier of digital assets. Shin's reporting uncovers the personalities and politics that continue to shape the digital asset industry, making it a must-read for understanding crypto beyond bitcoin. Who should read this? Anyone wanting to understand the fundamentals of Ethereum and how different cryptocurrencies differ and evolve. Where can you read/rent/buy this book? Available online and in major bookstores. The Bitcoin Standard examines Bitcoin within the context of economic history, drawing on Austrian economics to compare it with earlier forms of money like gold and fiat. Ammous outlines how Bitcoin's scarcity, decentralization and resistance to censorship position it as a powerful alternative in today's global monetary system. The book doesn't just focus on the technical aspects. It dives deep into the philosophical and economic principles that underpin Bitcoin's rise and potential future role. The Bitcoin Standard is widely praised for making complex topics accessible and thought-provoking. It offers a compelling argument for why Bitcoin matters in a world of inflation and centralized control. Who should read this? If you're looking for a macro-level take on Bitcoin's impact, The Bitcoin Standard is a great place to start. Where can you read/rent/buy this book? Available online and in major bookstores. Bottom Line For anyone looking to navigate the complex world of crypto, the best books on investing in cryptocurrency offer a solid foundation in both theory and practice. From The Bitcoin Standard's economic insights to The Cryptopians' behind-the-scenes storytelling, each book provides a unique perspective on understanding the vast landscape of digital assets. Whether you're building an investment strategy, exploring blockchain's societal impact or simply trying to understand how money is evolving, these crypto books deliver the depth and clarity needed to make informed decisions in a rapidly changing financial landscape. Most traditional stock books aren't constructive for cryptocurrency trading because the underlying frameworks, market behaviors and asset structures differ significantly. Crypto operates on decentralized, 24/7 markets with unique volatility, evolving technology and risk dynamics that traditional finance books have difficulty addressing. The Bitcoin Standard is widely considered the best book on cryptocurrency for its clear, compelling exploration of bitcoin's economic, historical and philosophical significance. If you can understand the framework it outlines, you'll be ahead in grasping the fundamentals of other cryptocurrencies as well. Some books can be a great way to learn about cryptocurrencies, but most are not. Because the industry is young and fast-moving, much of the information quickly becomes outdated, and all research must be assessed critically for relevance and accuracy. Other great ways to educate yourself on crypto include listening to trusted, high-quality podcasts and attending reputable conferences where you can hear the latest developments and network with industry leaders. These real-time resources help you stay current in a rapidly evolving space.
Zawya
20-03-2025
- Business
- Zawya
XRP Set to Lead Quantum-Ready Blockchain Security, Says D24 Fintech Group
XRP has earned strong appeal in traditional financial markets due to its widespread adoption by financial institutions and its status as a pioneering American digital asset. Positioning itself as a quantum-ready blockchain, XRP is proactively fortifying its infrastructure to safeguard against the disruptive impact of quantum computing. As quantum technology progresses, XRP's early commitment to quantum resistance could provide a significant competitive advantage in the evolving financial sector. While XRP already excels in facilitating fast and scalable cross-border payments, the rise of quantum machines presents both potential risks and opportunities. The XRP Ledger, developed by Ripple, represents a major leap in blockchain technology. Unlike conventional blockchain networks that rely on mining, the XRP Ledger employs a distinctive consensus protocol that processes transactions within 3-5 seconds while maintaining high security. This innovative system has revolutionized international payments, offering financial institutions an efficient and cost-effective method for cross-border transfers. Osama Bari, Chief Technology Officer at D24 Fintech Group, explained, 'Quantum computers possess immense processing power, enabling them to solve complex mathematical problems exponentially faster than classical computers. Algorithms such as Shor's Algorithm could potentially break the encryption methods used by current blockchain networks, including the XRP Ledger. If quantum computers reach their full potential, they could compromise crypto security within moments.' 'This vulnerability arises from the quantum computers' ability to conduct parallel computations at unprecedented speeds, which could undermine the cryptographic foundations securing blockchain transactions. This is especially concerning for the long-term storage of digital assets and sensitive financial data. In response, Ripple's developers are enhancing the XRP Ledger with quantum-resistant cryptography, incorporating post-quantum algorithms like Hash-Based Signatures and Lattice-Based Cryptography to protect transactions and wallets over time.' By adopting quantum-resistant technology early, XRP positions itself as a potential security benchmark for the blockchain industry, which could attract financial institutions and governments looking for future-proof payment infrastructure. Additionally, with quantum-resistant security in place, XRP may become a preferred choice for Central Bank Digital Currencies (CBDCs), such as the Digital Dollar or Euro. Bari further noted, 'Though quantum computing is still evolving, XRP's proactive approach could establish it as a leader in secure and scalable financial networks. While XRP is not the only cryptocurrency working towards quantum resistance, its proactive stance, strong financial sector connections, support from the Trump administration, and potential for price rallies make it particularly interesting in light of the quantum computing revolution.' 'If the SEC drops its appeal against Ripple and an XRP ETF is approved, prices may revisit previous highs or even reach new levels. The quantum-resistant upgrades will further bolster investor confidence, while the Trump administration's 'Made in USA' initiative could fuel XRP's growth potential.' As a bank-focused digital asset widely used by financial institutions, XRP continues to hold strong appeal in traditional markets. Its status as an American digital asset, combined with support from the current administration and its pioneering nature, gives XRP significant potential for growth, especially considering that it hasn't experienced the massive price surges seen by other early-stage digital assets, Bari concluded. Copyright © 2022 - All materials can be used freely, indicating the origin Provided by SyndiGate Media Inc. (
