We explore how Ripple's private blockchain network is revolutionizing banking transactions and its potential impact on XRP value.
Ripple’s Private Blockchain for Banks
Versan Aljarrah, co-founder of Black Swan Capitalist, recently shared insights on X about Ripple’s private ledger technology and its implications for XRP’s value. In the video posted by Versan, Ripple CEO Brad Garlinghouse explained how banks prefer privacy in transactions, leading to the development of private blockchain solutions within Ripple’s ecosystem. Garlinghouse mentioned that while XRP operates on an open ledger, Ripple also provides private transaction solutions.
The Significance of Private Ledgers
Aljarrah’s post also referenced the recurring XRP price anomalies on certain platforms, believed by many to be stress tests for future utility. The belief that the private ledger holds a significantly higher XRP price stems from the idea that institutional use cases demand greater liquidity than what is currently visible in retail trading.
Will the Private Ledger Boost XRP’s Price?
Some community members pointed to previous statements from Ripple’s CTO David Schwartz, who stated that the digital asset’s price will be the same across all ledgers on different exchanges. There is speculation that XRP may still experience a massive push, as the desires of the XRP army and the U.S. government align.
Thus, Ripple's private blockchain network can have a significant impact on the banking industry and XRP value. The potential alignment of different parties' interests makes the upcoming changes highly anticipated.
