TechFlow news — During a recent Twitter Spaces titled "What's happening with XRP," Ripple CTO David Schwartz, speaking about the world reserve currency, said: "One crazy hypothesis I have about digital assets is whether countries realize the dollar won't remain the reserve currency forever."
Schwartz used banks as an analogy, explaining that most small banks want to change the system set by large banks so that the new system benefits them rather than being biased toward serving only the needs of a few successful and powerful banks. "I think the same thing could happen with countries — just as every nation wants its own currency to become the world reserve currency. That’s why the U.S. economy has unfairly surged ahead for decades."
Smaller nations know their currencies will never achieve world reserve status, but they also don’t want to see rival countries gain unfair advantages. This may lead them to choose a digital currency like XRP as the world reserve currency — one that no single party controls, especially not their geopolitical rivals.
