Did BlackRock’s CEO Just Describe XRP Without Saying Its Name? Plus, One Ripple Alternative You Haven’t Heard Of

Crypto enthusiast Panos just pointed via his X account that BlackRock’s CEO Larry Fink might have hinted at XRP in his latest letter without actually mentioning it.

Larry Fink’s Letter and the XRP Connection

Larry Fink talks about tokenization as the next big step in finance. He calls it a “democratization” of financial markets. He says our current financial systems like SWIFT are slow and outdated, like an old postal system.

Fink explains that tokenization cuts out middlemen. It lets real-world assets like stocks, bonds, and real estate trade instantly on blockchain. Settlement times drop from days to seconds, freeing up billions of dollars stuck in old settlement systems. He believes everything can be tokenized, making markets faster and more accessible.

This vision sounds a lot like what Ripple has been working on for over ten years. Ripple uses the XRP Ledger for instant settlements. Their On-Demand Liquidity product uses XRP to solve exactly what Fink describes – making settlements happen in seconds instead of days.

The XRP Ledger already supports tokenization directly on-chain. It works without middlemen like correspondent banks. It can handle token creation through IOUs and NFTs. While Fink never mentions XRP or Ripple by name, his description fits what they’ve built.

BlackRock’s support for tokenization looks good for all of crypto, but especially for protocols like XRP Ledger that already work this way.

Read also: This Shocking XRP Price Prediction Points to $27 by June 2! Solaxy Eyes Big April

Beyond XRP: Solaxy Could be the Best Undervalued Crypto to Buy Now

Priced at just $0.00168 and having raised almost $29 million in presale so far, Solaxy is getting a lot of attention. This very well could be one of the new cryptos to challenge XRP and other established ones this year.

Solaxy is a Layer-2 solution built on Solana. It helps solve Solana’s scalability issues, reduces network congestion, and lowers fees. It processes transactions off-chain before settling them on the main chain, which makes everything faster and more efficient.

Solaxy moves most transactions off the Solana main chain to reduce congestion when the network is busy. It connects Solana and Ethereum, so assets can move easily between these two ecosystems.

By using Solana’s high speed (over 65,000 transactions per second), Solaxy ensures fast transactions. This makes it great for DeFi, NFTs, and gaming platforms. Users pay much lower fees than on networks like Ethereum.

Security is important to the project. Their smart contract has been audited by Coinsult. Solaxy supports DeFi applications where users can lend, borrow, and earn income. It has an NFT marketplace for buying and selling digital assets with low fees. SOLX token holders can stake their tokens to earn rewards and vote on platform decisions. You can buy SOLX token at a discounted price now before it hits exchanges in a few weeks.

Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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