XRP Breaks above $1 for the First Time since 2018, Returns to Top 4, Targets $1.50
AI Trading

Zoe Cruz, a Morgan Stanley veteran, has recently acknowledged the Ripple’s digital token XRP as a clear leader in the cross-border payments industry.

Cruz, who is a strategic advisor to the cross-border payment behemoth, Ripple, tells the UNC Kenan Institute that XRP is a crypto asset that comes with pluses and minuses.

Going by Cruz’s advice, investors should wisely allocate about 1% to 10% of their investment portfolios across the top 5 to top 10 digital currencies.

The former executive of Morgan Stanley describes cryptocurrency investment as a moonshot opportunity that has the tendency to go to zero or skyrocket by 100 folds.

AI Trading

Cruz also condemns Bitcoin maximalism, comparing it to an investment approach that advises investors to accumulate a single asset without considering its disadvantages, such as investing in only the internet stock in the 2000s.

Zoe Cruz noted:

“XRP, the alley it has chosen – and it is the leader in that class – is basically the cross-border payments system. The reason this is an important distinction is the cross-border payment system currently practiced in correspondent banks works fine through the SWIFT system. It’s a messaging system. It works fine if you’re Morgan Stanley sending $1 billion to Goldman Sachs or to Citigroup.

If you’re a small basket weaver in Nigeria, not so good. So the cross-border payments system where XRP was designed for, literally instantaneous, nanosecond transaction time, for very high-volume, low-value business, where you can send $200 to the woman in Nigeria – that’s an idiosyncratic plus. Its minus is it has a lot of concentrated holdings in Ripple, the place I advise, where 50% of all the coins minted are on the balance sheet.”

“I mean Netscape was the browser of choice with 75% market share. Google is the leader now, and Netscape doesn’t exist. To me, it’s the equivalent thing. There will be winners and losers, but I wouldn’t want to have Bitcoin end up being the Netscape of your investment opportunity.”

Join us on Twitter

Join us on Telegram

Join us on Facebook

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.