"The era of the dollar is over"...Can XRP become a global reserve currency?

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As experts diagnose that XRP possesses the potential to become a global reserve currency beyond a simple means of remittance, the virtual asset market is focusing its attention.

According to crypto media outlet CoinGeape on April 30 (local time), industry experts presented an analysis at the 'XRP Las Vegas' conference recently held in Las Vegas, USA, stating that XRP will play a key role in the future financial system. At this event, in-depth discussions were held on the possibility of Ripple's technology overcoming the limitations of existing financial networks and establishing a new economic order.

Jimmy Vallee, Managing Director of Valhil Capital, presented specific reasons why XRP could establish itself as a global reserve currency. Director Vallee emphasized XRP's speed and low cost in resolving inefficiencies in cross-border payments, stating, "XRP has design strengths that can solve global debt problems and function as a store of value." Director Vallee particularly noted that XRP could emerge as 'Gold 2.0', a digital alternative to gold, and become the center of global finance.

Financial expert Linda Jones also argued that with the advent of a new financial era, the value of XRP would be re-evaluated. Expert Jones mentioned the ongoing de-dollarization phenomenon worldwide and the movements of BRICS countries, explaining that a neutral and efficient asset is needed as the existing dollar-centric system changes. In this context, Expert Jones diagnosed that XRP is optimally suited to act as a bridge between inter-country payments and central bank digital currencies.

Conference participants agreed that the scalability and stability of the XRP Ledger are key factors in gaining the trust of institutional investors. Experts positively evaluated Ripple's increasing real-world use cases by signing partnerships with major financial institutions worldwide. In particular, the prospect was raised that the need for XRP as a bridge asset to connect different networks would further increase when central banks issue their own digital currencies.

As a result, the possibility of XRP becoming a reserve currency is being discussed not merely in terms of its technological superiority but also amidst geopolitical changes and a major transformation of the financial system. Experts believe that for XRP to be recognized as a systemically important asset, clarity in the regulatory environment and broader integration into the financial ecosystem must precede. As the paradigm of the global financial market shifts, the industry's attention is focused on whether XRP can achieve the grand goal of becoming a reserve currency.

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