Ripple Labs Inc. President Monica Long called for banks and financial institutions to adopt digital transformation in the light of increasing tendencies of tokens throughout the world. This call is based on joint studies that the transformation of physical assets into crypto tokens and that new income gates can be opened in financial systems.
TOKIZATION AGE AND Ripple
Monica Long said that banks should not be limited to traditional methods, but should turn to crypto asset systems. In a joint report with the Boston Consulting Group, it was pointed out that the tokens of real world assets could achieve significant growth until 2033.
“The global financial sector is on a transformation threshold, crypto assets offer new opportunities.” – Monica Long
Ripple Labs’s tolens
Ripple Labs supports the tokecination process with fastest, safe and inter -platform technologies to develop financial systems. The report stated that the digitalization of assets such as real estate and trade financing could allow a value of $ 10 trillion. This study offers significant data to financial institutions in terms of cost reduction and access expansion through digitalization.
XRP Ledger and Rlusd Stabilcoin Applications
Ripple’s XRP Ledger Network stands out in the tokecination process with the ability to perform crypto assets at fast and low cost. The network offers infrastructure suitable for applications that require high transaction volume.
“The digitalization of traditional assets facilitates access and management processes.” – Brad Garlinghouse
In addition, Ripple Labs aims to provide users with Crypto assets without the need for banking services with Rlusd Stabilcoin. Rlusd trades on XRP Ledger and Ethereum platforms, allowing users to switch between fast and low cost financial vehicles.
The financial sector is thought to capture new income resources and productivity increases if banks are adapted to the tokecination process while evaluating the opportunities brought by digital transformation. While the studies provide promising data on the future of the sector, it includes the warning that institutions that cannot adapt may remain behind in competition.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
