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Role of XRP and XLM in Future Financial Systems by Celent Analyst

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by Giorgi Kostiuk

14 hours ago


At SWIFT SIBOS, analyst Alenka Grealish discussed the significance of XRP and Stellar Lumens for financial system development.

Challenges of Traditional Banking System

Grealish highlighted that traditional banks still rely on batch processing methods, while modern digital systems operate with minimal latency. She emphasized that the gap between fast-moving digital markets and slow financial mechanisms is unsustainable. Banking processes, such as messaging and settlements, can take days, requiring active exploration of blockchain technologies to improve financial infrastructures.

Emergence of the Internet of Value

Grealish presented the concept of the 'Internet of Value', asserting that the industry has entered a phase where economic viability is apparent through real-world use cases. Specific applications, such as interbank payments and transactions utilizing stablecoins, have demonstrated blockchain's potential. She highlighted the roles of XRP, Stellar Lumens, and the stablecoin USDC in these new payment mechanisms.

Legitimization of Cryptocurrencies as an Asset Class

Grealish also discussed the shift in perception of cryptocurrencies as legitimate investment instruments. She noted that Bitcoin's original concept was to create a medium of exchange, but due to inefficiencies, it is now viewed as a leading example in a new digital asset class. Increasing interest from institutional investors accelerates this transition, leading to faster progress in areas such as decentralized finance.

Alenka Grealish's remarks at the SWIFT SIBOS conference underline that XRP and Stellar Lumens are crucial for financial system development. These assets are set to reshape international payment processes.

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