menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

XRP a Stra...
source image

Cryptonews

2w

read

213

img
dot

Image Credit: Cryptonews

XRP a Strategic Asset? Proposal on US SEC Website Leaves Investors Scratching Their Heads

  • A proposal suggesting XRP as a strategic US financial asset appeared on the SEC website, authored by Maximilian Staudinger.
  • The proposal claims integrating XRP could unlock US$1.5 trillion from Nostro accounts and save US$7.5 billion annually on government payments.
  • The proposal contains a mathematical error by suggesting the freed funds could purchase 25 million Bitcoin, exceeding Bitcoin's maximum supply of 21 million.
  • Critics dismiss the proposal as unrealistic speculation and question the adoption of XRP when two-thirds of its supply remains controlled by its issuing organization.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app