‘Think 1,000,000,000x Bigger’ for Ripple (XRP): BankSocial CEO – Crypto News – Crypto News
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'Think 1,000,000,000x Bigger' for Ripple (XRP): BankSocial CEO 'Think 1,000,000,000x Bigger' for Ripple (XRP): BankSocial CEO

Cryptocurrency

‘Think 1,000,000,000x Bigger’ for Ripple (XRP): BankSocial CEO – Crypto News

Published

9 months ago

on

TL;DR

  • John Wingate, the CEO of Bank Social and a Hedera developer, made a highly bullish statement on X in regards to HBAR and XRP.
  • Although he said to think ‘1000000000x’ big when it comes to XRP, he later revealed that this does not translate particularly for its price.

Given the growing size and loudness of the XRP Army, his post quickly picked up the pace and became the talk on Crypto X for the past day or so.

Although he didn’t provide much detail on what a potential partnership could look like among the three parties (Ripple, Hedera, and Bank Social), he called the meeting with the Ripple team “the greatest in the history of international settlements.”

In a subsequent reply, Wingate explained that HBAR will be used for backend ops (state checks – app nets (HCS)), while XRP will employ its role for international money movement into certain jurisdictions. BSL will be used for loans, lending, staking, and social governance around the DAO.

The zeros Wingate put in his original post raised some speculations among XRP investors whether he was referring to a potential price target for the asset. However, he quickly refuted this, saying he never gives price predictions. Instead, he said he was referring to the on-chain transaction volume relative to the usage today.

Although Wingate didn’t mean to discuss XRP price predictions, if you are interested in the topic, you can find more here, especially how ChatGPT has ranked some of the most outrageous ones.

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