Omni Network’s co-founder Austin King advocates incorporating XRP into a U.S. crypto reserve due to its technical advantages over Bitcoin.
He believes relying only on Bitcoin could restrict the reserve’s utility, as Bitcoin primarily serves as a decentralized store of value. In contrast, XRP is designed to improve and modernize financial systems, offering greater functionality.
Approaching $200,000,000,000 in market cap $XRP is one of the top assets being considered for the U.S. strategic crypto reserve.
However, most people are missing the real reason why it might be included.
Here’s what $XRP brings to the table that $BTC does not: pic.twitter.com/GlzQF8vQVi
— Austin King (@0xASK) January 28, 2025
King pointed out that Bitcoin’s emphasis on decentralization leads to slower transaction speeds, while XRP focuses on performance and efficiency. He referenced a video by former Ripple CTO Stefan Thomas, who stated that XRP processes transactions in about 3.2 seconds, compared to Bitcoin’s average of 10 minutes or longer. Unlike Bitcoin’s higher fees, XRP transactions are much cheaper, costing a fraction of a cent. King believes this speed and cost-effectiveness make XRP more practical for enterprise and institutional use.
The co-founder emphasized the importance of diversification in creating a crypto reserve. He argued that relying solely on Bitcoin limits potential since it mainly serves as “digital gold.” By adding XRP, the reserve could leverage the broader capabilities of blockchain technology for faster and more cost-effective financial transactions.
Ripple CEO Brad Garlinghouse has similarly advocated for a diverse approach to digital assets, emphasizing the need for a level playing field. King supports this view, highlighting that blockchains serve as tools for decentralized value storage and are crucial for a global financial framework. He argues that high-performance networks like XRP are vital for this vision. Additionally, there is recognition among U.S. policymakers for the importance of diversification in a crypto reserve, with a focus on blockchain projects that have strong domestic connections, including “Made in America” digital assets.
Recently, Garlinghouse responded to accusations from Pierre Rochard, Vice President at Riot Platforms, who alleged that Ripple is leading a lobbying campaign to block the Strategic Bitcoin Reserve initiative. Garlinghouse dismissed these claims, asserting that Ripple’s efforts could increase the likelihood of establishing a Strategic Bitcoin Reserve.
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