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Crypto pundit Vincent Van Code has explained what a $5 trillion <\/span>Fed master account<\/span><\/a>, which Ripple is eyeing, could mean for XRP. This comes as the Fed weighs rolling out skinny master accounts for crypto firms, which could also provide them access to the central bank\u2019s payment rails.\u00a0<\/span><\/p>\n In an <\/span>X post<\/span><\/a>, Vincent Van Code stated that a Fed master account for Ripple means that the company can hold its RLUSD backing balance with the Fed without counterparty risk. He further noted that the $5 trillion is a glimpse into how much RLUSD will be printed. The pundit then alluded to the <\/span>RLUSD\/XRP pair<\/span><\/a>, suggesting that XRP\u2019s value could increase significantly as it is used to enable cross-border asset exchanges.\u00a0<\/span><\/p>\n In line with this, Vincent Van Code declared that there are big plans in store for XRP and that the flywheel hasn\u2019t yet spun up. The pundit suggested that <\/span>XRP holders<\/span><\/a> simply have to be patient as these plans materialize. In another <\/span>X post<\/span><\/a>, he explained the model for how a Fed master account could send XRP to at least $80 based on Ripple CEO Brad Garlinghouse\u2019s prediction that over 30% of Ripple Treasury\u2019s $13 trillion could be on-chain by 2031.\u00a0<\/span><\/p>\n The pundit noted that 30% of $13 trillion is around $5 trillion and that a Fed master account is also $5 trillion. He further remarked that a potential monthly release of 1 billion XRP from escrow at $80 per XRP would reach $5 trillion in about 60 months. Vincent Van Code added that he may be wrong, but that the model adds up. He added that XRP reaching $80 by 2032 will shock some people, but those who bought at $0.50 could see a 160x return.\u00a0<\/span><\/p>\n In an <\/span>X post<\/span><\/a>, Crypto pundit ChartNerd highlighted Ripple CEO\u2019s statement that 30% of their treasury business could move on-chain in the next five years. Garlinghouse noted how this could provide more liquidity in the crypto ecosystem, potentially boosting XRP\u2019s price, with the firm already integrating the altcoin into their <\/span>treasury management system<\/span><\/a>.\u00a0<\/span><\/p>\n The <\/span>Ripple CEO<\/span><\/a> also mentioned that their treasury business is seeing greater adoption among large- to mid-sized companies, with American Airlines as a client. He noted that they have been able to make payments faster and more cost-effectively for these companies, as they can now make cross-border payments in real time. Garlinghouse also alluded to their dashboard, which makes payments easier, seeing as they have now integrated XRP and RLUSD with fiat on the same dashboard.\u00a0<\/span><\/p>\n At the time of writing, the XRP price is trading at around $1.38, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n Featured image from Getty Images, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Crypto pundit Vincent Van Code has explained what a $5 trillion Fed master account, which Ripple is eyeing, could mean for XRP. This comes as the Fed weighs rolling out skinny master accounts for crypto firms, which could also provide them access to the central bank\u2019s payment rails.\u00a0 What A Fed Master Account For Ripple […]<\/p>\n","protected":false},"author":2,"featured_media":426759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-426758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=426758"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426758\/revisions"}],"predecessor-version":[{"id":426760,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426758\/revisions\/426760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426759"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What A Fed Master Account For Ripple Could Mean For XRP<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n
30% of Ripple Treasury\u2019s $15 Trillion Could Move On-chain<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n