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    XRP Is a Clear Leader in the Cross-Border Payment Industry –Morgan Stanley Veteran

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    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    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.

    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.”

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