Tuesday, 24 December 2019

Prominent Economist Believes XRP has Value, But Investors Seem to Disagree

By Cole Petersen

invest


It’s no secret that XRP – the digital currency with close ties to FinTech company Ripple – hasn’t had the best year from a technical perspective, ending the year on a low note after recently setting fresh post-2017 bull run lows.
Although this bearishness may or may not be justified while considering its fundamental utility and value, one prominent economist is claiming that the crypto is thriving off of SWIFT’s failure, and that it is deriving value off of the global decentralization trend.


Prominent Economist Believes XRP has Value, But Investors Seem to Disagree; Here’s Why



In a recent interview with Russia Today, Jeffery Tucker, a prominent writer and member of the American Institute of Economic Research, explained that he believes that XRP is an “extremely important technology” that is “thriving off the failures of this antique SWIFT system.”

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