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Grayscale Says XRP Trust Will Give Investors Exposure to a Protocol with Real-World Use Case
The post Grayscale Says XRP Trust Will Give Investors Exposure to a Protocol with Real-World Use Case appeared on BitcoinEthereumNews.com. Leading crypto asset manager Grayscale Investments highlights a major benefit of its recently launched XRP Trust. Recall that Grayscale re-launched the XRP Trust earlier this month, allowing only accredited investors to gain direct exposure to XRP. Since its inception, Grayscale has been highlighting numerous benefits of the product, including detailing a four-phase growth cycle that could eventually transform the product into a spot-based crypto ETF. “We believe @Grayscale $XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale’s Head of Product & Research, @Ray_scale. Read the full @CoinDesk article ???? https://t.co/hX3FT1MU8M — Grayscale (@Grayscale) September 23, 2024 XRP’s Real-World Use Case In a recent statement, Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, stated that the XRP Trust would give accredited investors direct exposure to a protocol that has a significant real-world use case. According to Sharif-Askary, XRP can transform the global financial infrastructure by facilitating cross-border payments that are completed in seconds. Although Sharif-Ashkary made this known immediately after Grayscale launched the XRP Trust, the asset manager recently brought the public’s notice to the statement in a tweet. XRP Use in Cross-Border Payments XRP has demonstrated its prowess in facilitating cheap, faster, and efficient cross-border settlements. Prominent San Francisco-based company Ripple has been leveraging the token to facilitate real-time settlements between nations. Notably, XRP is at the core of Ripple’s payment ecosystem. In particular, Ripple’s On-Demand Liquidity (ODL) product (now Ripple Payments) uses XRP for faster and low-cost transnational settlements. Through this solution, Ripple successfully reduced the settlement period for cross-border payments to mere seconds from the usual three business days obtainable within the traditional financial sector. Ripple’s ODL also eliminates the need for pre-funding, making the product suitable for instant cross-border settlements. Interestingly, several financial institutions have also adopted the XRP-powered…
The post Grayscale Says XRP Trust Will Give Investors Exposure to a Protocol with Real-World Use Case appeared on BitcoinEthereumNews.com.
Leading crypto asset manager Grayscale Investments highlights a major benefit of its recently launched XRP Trust. Recall that Grayscale re-launched the XRP Trust earlier this month, allowing only accredited investors to gain direct exposure to XRP. Since its inception, Grayscale has been highlighting numerous benefits of the product, including detailing a four-phase growth cycle that could eventually transform the product into a spot-based crypto ETF. “We believe @Grayscale $XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale’s Head of Product & Research, @Ray_scale. Read the full @CoinDesk article ???? https://t.co/hX3FT1MU8M — Grayscale (@Grayscale) September 23, 2024 XRP’s Real-World Use Case In a recent statement, Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, stated that the XRP Trust would give accredited investors direct exposure to a protocol that has a significant real-world use case. According to Sharif-Askary, XRP can transform the global financial infrastructure by facilitating cross-border payments that are completed in seconds. Although Sharif-Ashkary made this known immediately after Grayscale launched the XRP Trust, the asset manager recently brought the public’s notice to the statement in a tweet. XRP Use in Cross-Border Payments XRP has demonstrated its prowess in facilitating cheap, faster, and efficient cross-border settlements. Prominent San Francisco-based company Ripple has been leveraging the token to facilitate real-time settlements between nations. Notably, XRP is at the core of Ripple’s payment ecosystem. In particular, Ripple’s On-Demand Liquidity (ODL) product (now Ripple Payments) uses XRP for faster and low-cost transnational settlements. Through this solution, Ripple successfully reduced the settlement period for cross-border payments to mere seconds from the usual three business days obtainable within the traditional financial sector. Ripple’s ODL also eliminates the need for pre-funding, making the product suitable for instant cross-border settlements. Interestingly, several financial institutions have also adopted the XRP-powered…
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