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Cryptopolitan 2021-09-15 08:29:21

Ripple XRP will redefine online payments, former Goldman Sachs expert

Goldman Sachs expert Andrew Lokenauth believes that the Ripple XRP is likely to take precedent as the public coin as soon as the Ripple foundation is able to resolve its issues with the security exchange commission (SEC). Lokenauth has been dealing with cryptocurrency in his years, holding different positions at Goldman Sachs, AIG bank, and other important financial institutions. The expert expressed his opinion about Ripple’s XRP coin rather openly. “Ripple will redefine online payments, and I believe that Ripple XRP will likely IPO and go public once its SEC lawsuit is resolved.”Andrew Lokenauth Lokenauth furthers that the “main benefits of using the Ripple protocol are speed and reduced risk. Ripple XRP is a replacement for SWIFT, which is expensive and slow. He explains that [SWIFT is a 50-year-old interbank settlement system that controls the flow of money across borders. Fiat currency takes about 3 to 5 days for delivery from one country to another via SWIFT and requires high transfer fees. Ripple’s XRP needs around 5 seconds to transfer values from one country to another.] Ripple XRP and the future Speaking to Cryptopolitan.com, he furthers that Ripple uses the Ripple protocol and can provide a much faster and cheaper infrastructure for interbank payments. It will allow financial institutions and corporations a fast and efficient mechanism to move money around the globe. RippleNet platform...

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