- The blockchain technology would be a “profound change on the way the world works,” Chris Larsen told Forbes.
- The technology exemplifies the “finishing of an Internet of Value” and is the final missing piece of the puzzle in globalization.
- The support at $0.3250 is holding ground for now but Ripple must establish a support above $0.330 in the near-term.
One of Ripple’s co-founder who also doubles up as angel investors, Chris Larsen spoke Forbes concerning the blockchain, globalization as well as the Internet of money. In addition to that, he shared his opinions on interoperability and gave an insight into the future of the blockchain space.
Chris Larsen started by saying that the reason behind Ripple’s “all in” approach to the blockchain technology was because the company identified a “fundamental problem” that needed fixing. He reckoned:
“You really can’t have globalization which is workable unless you have interoperability in 3 things: data, goods and money. We only have those in two things, data and goods. Without the money part globalization just doesnt work its incomplete.”
While speaking about the blockchain he said that the technology exemplifies the “finishing of an Internet of Value” and is the final missing piece of the puzzle in globalization. Chris Larsen said that he believes that globalization has a higher chance of success at the blockchain technology advances. He added that it was only a “matter of time” for a virtual currency that had no bearing on government authority to be created.
“I think that evolved into this excitement around it saying, hey that’s not just about the currency, but fundamentally, it’s about wiring and internet for money,” he said.
Larsen also said that he was excited to have been involved with Ripple and that the blockchain technology would be a “profound change on the way the world works.” He emphasized that the world has been brought together by the technology and that “this is really going to clear a lot of the friction that’s kind of getting in the way of the promise that globalization was supposed to bring.”
Ripple price technical picture
Ripple price broke the support at $0.330 as covered in the analysis published by FXStreet yesterday. As predicted, XRP/USD moved further down sliding marginally below the next support target at $0.325 before the bulls entered, There was a decent recovery that stepped above the 38.2% Fib retracement level with the last high leg of 0.3581 and a low leg of $0.3185. The bullish trend hit a dead end at $0.3350 and began correcting lower.
The support at $0.3250 is holding ground for now but Ripple must establish a support above $0.330 in the near-term. This will allow buyers to forge ahead towards the critical resistance at $0.3550.
XRP/USD 1-hour chart
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