‘There Will Be No Backing’: Top Economist Shuts Down XRP Reserve Theory

The post ‘There Will Be No Backing’: Top Economist Shuts Down XRP Reserve Theory appeared first on Coinpedia Fintech News The idea has been building quietly inside the XRP community for years. Ripple and its native digital asset XRP, the argument goes, are not just another crypto project. They are positioning to replace the US dollar as the world’s reserve currency settlement mechanism, allowing governments and financial institutions to settle transactions with full sovereignty while …