In a recent interview, Sal Gilbertie, CEO of Teucrium, expressed his support for XRP, highlighting its significance as a tool for international financial operations.
Teucrium's Support for XRP
Sal Gilbertie, in an interview with crypto researcher SMQKE, highlighted his positive stance on XRP. He noted that Teucrium has not engaged much with Ethereum, but his fondness for XRP is clear. 'I happen to really be an XRP fan,' he stated, emphasizing its 'good use case' and labeling it as 'very legitimate.' He also expressed respect for the Ripple team, remarking that 'they’re smart people and I like the asset.'
XRP as a Tool for Asset Transfers
When discussing XRP’s functionality, Gilbertie described it as a tool that will be used to expedite the movement of assets, primarily money, around the world almost instantaneously. He emphasized that the technology behind XRP has already been fully developed and that 'there are enough XRP out there' to fulfill its intended use case.
Optimism About Crypto Regulation
Gilbertie expressed optimism about the broader political climate for digital assets, pointing to the current U.S. administration as 'very crypto-friendly.' He noted that regulatory changes became possible following the change in leadership at the SEC, which prompted Teucrium to act swiftly in the market.
Gilbertie's statements underscore the growing interest from institutional finance in XRP as a ready-to-use asset in the global financial system, which may lead to increased institutional support in the future.
