Stunning Blockchain Statement From Ripple's CTO

A few years ago, #BillGates made a statement that accredited digital currencies as the future of money. With #technology improving every day, this statement seems even more logical now.

↪️New Systems
#Ripple CTO David Schwartz pointed out in a recent interview that when it comes to the world of currencies, new systems will surpass pre-established central frameworks.

Schwartz confirmed that digital assets are being promoted at the right time. However, he was skeptical that central authorities would prefer blockchain technology over traditional #payment systems sooner.

#Pakistan Central Bank #Governor Reza Baqir recently claimed that his country wants to embrace digital technology at the central level. In an interview with #CNN, he said:

" Pakistan is a market waiting to explode when it comes to digitization."

While progress is not fast, countries around the world are adopting and injecting technologies that people love and want to use. Thus, the digital market has created a niche for itself and has become even more liquid in the evolutionary process.

↪️The Greatest Case of Success
Schwartz stated that in the future, #liquidity will be commodified with input and output endpoints.

"The biggest success I can imagine for #Ripple is to be completely unnecessary for us." We develop technologies not because we want to develop them, but because they are necessary in our example of success. ”

With NFTs becoming the talk of the field, Schwartz said they were part of the "cryptocurrency allure." However, he was optimistic about the technology and stressed that he will stay here.

The #NFT ecosystem does not mind decentralization and resistance to censorship. " NFT has a target market that isn't too concerned about how the technology works, " says Schwartz . And to some extent, it should be like that, ”he says.

Schwartz emphasized that major practical problems could potentially be solved by NFTs in the future.

Pointing to the pioneers of the next phase, Schwartz said market participants should be given access to revolutionary technologies and that user experience holds the ultimate key.