- The role of XRP in Ripple’s business model is highlighted by analysts who compare Ripple’s XRP reserve to Saudi Aramco’s oil reserves.
- Brad Garlinghouse (CEO of Ripple) revealed the company’s total XRP investment has exceeded $100 Billion, a significant boost to liquidity and payment solutions across borders.
Ripple’s upcoming Initial Public Offering (IPO) could smash all previous records. Saudi Aramco currently holds the biggest IPO record, raising $25.6 Billion in 2019. The oil giant’s valuation is currently $1.93 trillion by 2023. Ripple is believed by an expert to be able to surpass Saudi Aramco.
How big will Ripple be?
Zach Rector compared Ripple to Aramco’s oil reserves, believing that the cryptocurrency analyst believed Ripple had a similar amount of XRP in its reserve as Aramco. Rector expanded on X. “Ripple will have the largest IPO in the history of the world. In fact, it’s very fitting that the largest IPO so far was from an oil company.”
He also compared XRP to oil in terms of its role within Ripple: “Ripple = Saudi Aramco, XRP = Oil. Very similar setup with Ripple having significant ‘proven reserves’ (XRP) to use an oil term.” The comparison highlights the rapid rise of XRP’s importance to Ripple as a business asset, similar to how oil fuels Aramco’s global leadership.
These comments have heightened the discussion surrounding Ripple’s IPO as well as the potential for a change in financial and Blockchain benchmarks. With the launch of RLUSD the company expanded their reach into the world of blockchain. Ripple’s position as a leader in international payments could also indicate a positive IPO. mentioned In our report, we provide a detailed analysis of the data.
XRP Reserves Widening For Ripple
The recent comments by Ripple CEO Brad Garlinghouse has fueled the hype. Garlinghouse said in a Citizens JMP Bank interview that Ripple’s XRP held exceeded $100 billion. That was a far cry from the predictions made previously. reported The CNF published a report last week. Ripple’s increased growth is what helped it deliver liquidity solutions and cross-border payments systems.
XRP was valued previously at $11 Billion, but today it is worth much more. This has sparked speculation on the magnitude of this issue. Several crypto commentators believe this is the first IPO to break record. A user commenting under the name LeeLong24 argued, for example, that the strategic positioning of the company through its reserved status qualifies it to surpass previous IPO valuation benchmarks.
Ripple is also a major force in financial services. highlighted Our previous article. Ripple developed blockchain solutions in collaborations with payment providers and banks to help make international transactions cheaper and faster.
XRP advocates on X have pointed to the rapid rise of XRP, highlighting its capacity to transform financial system on a massive scale. Similar to Ripple’s XRP’s oil reserves, these dynamics are a reflection of the global changes that have been occurring in economic flows. Soon, digital assets may be just as important as traditional ones in terms of strategic importance.
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Source: www.crypto-news-flash.com
