It is impossible for any form of government’s currency to dominate the world, says Ripple’s Craig DeWitt, Senior Director of Products.
DeWitt in an opinion shared on Twitter reiterated that it is almost impossible for any government, no matter how powerful, to coast the world with its currency. He opined that it will not be possible for any government’s currency, be it digital, cash or Central Bank Digital Currency (CBDC) to own the financial industry entirely.
The Ripple employee pushed forward that XRP token will therefore become the bridge between all the available currency globally.
He mentioned that “you will see a decentralized bridge asset facilitate global exchange between govt [SIC] currencies … I think that bridge is XRP.”
You won’t see a single govt’s currency dominate the world.
You will see a decentralized bridge asset facilitate global exchange between govt currencies (cash, digital, #CDBC, whatever)
I think that bridge is #XRP
— Craig DeWitt (@CryptoCwby) November 14, 2020