Phil Kwok: XRP Was Built As Bridge Currency. Here’s My Thesis On What Happens Now
Photo: Times Tabloid
As countries look for ways to reduce their reliance on the US dollar, EasyA co-founder Phil Kwok believes XRP’s original purpose deserves another look. He noted that the asset could help facilitate cross-border transactions between currencies without tying the process to any single government. Kwok explained that the XRP Ledger was designed to address a problem in currency exchange. Moving money between different currencies often requires access to liquid trading pairs. When those pairs lack sufficient liquidity, transactions can become more expensive or difficult to execute.
Source: Times Tabloid
