Bitcoin bull and co-founder of Morgan Creek Digital, Anthony Pompliano, is offering his latest take on XRP.
Pompliano says his recent interview with Ripple CEO Brad Garlinghouse reinforced his belief that Ripple can build a solid business model by making global payments faster and more efficient.
But when it comes to the digital asset XRP, he remains skeptical about its long-term prospects as an investment.
“From day one, I’ve said that Ripple the software company is pretty compelling. The idea that banks need software as a service (Saas) products to better conduct business, be more efficient and move money around more easily. All of that makes sense to me.
I’m probably still not sold that XRP itself is, one, the investment opportunity that a lot of people think and believe it is. And two, I think that there are a number of other digital currencies that can be used in that system. And so, I’m kind of bullish on Ripple the software company and still a skeptic when it comes to XRP the digital currency.”
During his interview with Garlinghouse, Pompliano said he’s also not convinced that the ultimate use of digital assets will be to support the current banking system. Read More...