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Crypto analyst and influencer Ben Armstrong, who hosts the YouTube channel “BitBoy Crypto”, talked about XRP, currently the most valuable new cryptocurrency by market cap, in a video titled “Bitcoin & XRP: 2 BEST Opportunities in Crypto”.

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Ripple comments from Armstrong

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Noting that Ripple “continues to act”, Armstrong mentioned that it has hired Sendi Young as the Managing Director of European operations, as Ripple announced on June 30. Ripple said that Young will “experiment the strategy and advocate for the expansion of Ripple’s global financial network technology RippleNet, which provides financial solutions that enable customers to easily run and scale their businesses.” Prior to joining Ripple, the analyst mentioned that Young “spent five years at Mastercard, where he assumed leadership roles in strategy direction, commercialization, bank-fintech partnerships and business development.”

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Another item Armstrong emphasized on Ripple was the blockchain platform’s investment in Mintable, an NFT platform. Armstrong also said, “XRP will crush the market this year.” “For those who are not philosophically opposed to central bank money, the coin presents an incredible opportunity,” the analyst said, noting that the cryptocurrency will paddle later this year.

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“Central banks are ready to use XRP”

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On the other hand, according to Armstrong’s sources, central banks appear to be preparing to use XRP after the US Securities and Exchange Commission (SEC) lawsuit against Ripple Labs is “dissolved”. Cryptocoin. com

As we reported , on March 3, Ripple said in a blog post that it is “testing” a special version of the open-source public XRP Ledger (XRPL) to allow central banks to create and manage their own digital currencies.

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XRP Ledger was created in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. XRP is the native currency of XRP Ledger. Ripple stated that more than 80% of the world’s central banks are “actively researching some form of government-backed cryptocurrency” and will eventually create a multitude of forms of central bank digital currencies (CBDCs).

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