Morgan Stanley Veteran Calls XRP Clear Leader in Cross-Border Space, Says Bitcoin and Crypto Portfolios Offer Unique Chance to Earn 100x

Morgan Stanley Veteran Calls XRP Clear Leader in Cross-Border Space, Says Bitcoin and Crypto Portfolios Offer Unique Chance to Earn 100x


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Morgan Stanley veteran Zoe Cruz says XRP is a clear leader in the cross-border payments space.

Cruz, a strategic advisor to Ripple, tells the UNC Kenan Institute that XRP as a digital asset comes with pluses and minuses.

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“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

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