A New Vision for HBAR and XRP: Insights from John Wingate

TL;DR

  • John Wingate, the CEO of Bank Social and a Hedera developer, made a highly bullish statement on X regarding HBAR and XRP.
  • He urged followers to think ‘1000000000x’ big concerning XRP, while clarifying that this does not correlate to its price.

Wingate’s bold statements have quickly captured the attention of the crypto community, particularly the active XRP Army, leading to lively discussions across platforms like Crypto X.

Despite the excitement generated, Wingate refrained from detailing the specifics of a potential collaboration between Ripple, Hedera, and Bank Social, although he did describe his meeting with Ripple as possibly the “greatest in the history of international settlements.” This assertion piqued the interest of industry watchers, eager to learn more about what such a partnership could entail.

In a follow-up post, Wingate clarified that HBAR would focus on backend operations, enhancing state checks through application networks (HCS), while XRP is envisioned to streamline international money movement into selected jurisdictions. Meanwhile, Bank Social (BSL) aims to facilitate loans, lending, staking, and social governance within a decentralized autonomous organization (DAO) framework.

Wingate’s mention of thinking ‘1000000000x bigger’ raised speculation among XRP enthusiasts regarding potential price implications. However, he quickly clarified that he does not provide price predictions, stating that his comments were related to on-chain transaction volume growth compared to current usage levels.

While Wingate’s intentions focused on discussing transaction volume rather than pricing, those interested in XRP’s price trajectory can explore various analyses available online, such as one where ChatGPT evaluates some of the most talked-about predictions.

The original post titled ‘Think 1,000,000,000x Bigger’ for Ripple (XRP): BankSocial CEO first appeared on CryptoPotato.

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