XRP Is Essentially Replicating the Banking System

Jeff Booth, the Canadian author, entrepreneur, and investor, offered pointed remarks on the nature of XRP and its role in modern finance during a recent ￰0￱ comments have drawn interest for challenging the notion that blockchain-based solutions, such as XRP, represent a break from the existing ￰1￱ suggested that the model behind XRP reflects the very structures it claims to ￰2￱ video featuring Booth’s remarks was shared on X by Xaif (@Xaif_Crypto), a well-known crypto ￰3￱ sees the discussion as a debate over whether XRP is driving change in financial systems or simply reproducing traditional ￰4￱ Booth — one of the most famous Canadian author, entrepreneur & investor Drops it straight — $XRP is essentially replicating the banking ￰5￱ question: is it reforming finance, or just re-building the old one? #XRP #Crypto ￰6￱ — Xaif Crypto | (@Xaif_Crypto) September 28, 2025 Concerns About Replicating the Existing System Booth questioned whether XRP’s design offers real change or simply follows the structure of existing financial ￰7￱ pointed out that the current system allows banks to create money through lending and then charge interest on it, a cycle that he views as central to today’s economic ￰8￱ he raised doubts about introducing new technology into that framework without changing its fundamentals, he acknowledged that many in the crypto space are motivated by good ￰9￱ suggested that its approach risks maintaining some of the same practices it was expected to ￰10￱ remarks left open the question of whether a platform that works with banks and governments can still drive meaningful ￰11￱ and Opportunities for Change Booth contrasted decentralized models with the legacy structures of finance, noting that the latter remain tied to interest-based lending.

However, he did not argue that XRP’s role in facilitating cross-border payments and partnering with traditional institutions is entirely without ￰12￱ bringing blockchain technology into established systems, projects like XRP could create opportunities to improve efficiency and reduce friction , even if they do not fully break from the old ￰13￱ requires more than technical ￰14￱ also involves rethinking incentives and the flow of ￰15￱ perspective highlighted the need to balance the pursuit of decentralization with practical steps that can make existing systems fairer and more ￰16￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Reforming Finance or Re-Building the Old One Xaif framed this as a critical debate on whether XRP represents genuine reform or a continuation of traditional banking ￰17￱ XRP supporters argue that its integration with global payment networks is a necessary step toward modernizing finance, enabling faster transactions and improved liquidity.

Booth’s comments invited consideration of whether working alongside established players can be part of progress rather than an obstacle to it, and XRP’s remarkable progress across the globe with tokenization, CBDC projects, and more, shows that Ripple’s approach of integration has its ￰18￱ : This content is meant to inform and should not be considered financial ￰19￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰20￱ are advised to conduct thorough research before making any investment ￰21￱ action taken by the reader is strictly at their own ￰22￱ Tabloid is not responsible for any financial ￰23￱ us on X , Facebook , Telegram , and Google News