Crypto expert Vincent Van Code has explained what a $5 trillion is Fed master accountwhat Ripple is looking at could mean for XRP. This comes as the Fed considers rolling out skinny master accounts for crypto companies, which could also give them access to the central bank’s payment rails.
What a Fed Master Account for Ripple could mean for XRP
In one X messageVincent Van Code stated that a Fed master account for Ripple means the company can hold its RLUSD backing balance with the Fed without counterparty risk. He further noted that the $5 trillion is a glimpse of how much RLUSD will be printed. The expert then referred to the RLUSD/XRP pairThis suggests that the value of XRP could increase significantly as it is used to facilitate cross-border asset exchanges.
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In line with this, Vincent Van Code stated that there are big plans in store for XRP and that the flywheel has not yet started turning. The expert suggested that XRP holders we just have to be patient as these plans become reality. In another X messageHe laid out the model for how a Fed master account could send XRP to at least $80, based on Ripple CEO Brad Garlinghouse’s prediction that more than 30% of Ripple Treasury’s $13 trillion could be on-chain by 2031.
The expert noted that 30% of the $13 trillion amounts to about $5 trillion and that a Fed master account also costs $5 trillion. He further noted that a potential monthly release of 1 billion XRP from escrow at $80 per XRP would reach $5 trillion in about 60 months. Vincent Van Code added that he may be wrong, but the model is correct. He added that XRP reaching $80 in 2032 will shock some people, but those who bought at $0.50 could see a 160x return.
30% of Ripple Treasury’s $15 trillion could move on-chain
In one X messageCrypto expert ChartNerd highlighted Ripple CEO’s statement that 30% of their treasury operations could go on-chain in the next five years. Garlinghouse noted how this could bring more liquidity to the crypto ecosystem, potentially boosting the price of XRP, with the company already integrating the altcoin into its portfolio. treasury management system.
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The CEO of Ripple also mentioned that their treasury business is seeing greater adoption among large to mid-sized companies, with American Airlines as a customer. He noted that they have been able to make payments faster and more cost-effectively for these companies because they can now make cross-border payments in real time. Garlinghouse also referenced their dashboard, which makes payments easier, as they have now integrated XRP and RLUSD with fiat on the same dashboard.
At the time of writing, the XRP price is trading around $1.38, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com