There is more 'bullish news for investors of XRP. 19 banks from Europe, N. America, and other parts of the world. 10 of the banks are from N. America, 7 are from Europe, and 2 are from other parts.
The total reported crypto asset exposures is $10.27 Billion. https://thecryptobasic.com/2023/11/20/19-banks-report-exposure-to-xrp-in-total-e9-4-billion-investment-positions/
The total reported crypto asset exposures is $10.27 Billion. https://thecryptobasic.com/2023/11/20/19-banks-report-exposure-to-xrp-in-total-e9-4-billion-investment-positions/
Banks are adopting this centralized coin like crazy. It's good news for XRP investors, but bad news for the crypto industry in general. This could pave the way for XRP to become the new global money system. It's likely CBDCs will be issued on the XRP Ledger in the future. That's if mainstream governments decide to use a public chain like XRP. If they decide to make a private chain, it will be game over for XRP.
I wouldn't recommend investing in it, unless you want to make money in the short-term. It's a risky long-term investment because of the reasons mentioned before. Who knows what the future holds for the "cryptocurrency"?
