This article was first published on: Insights – Ripple --
Miguel Vias, the head of XRP markets at Ripple, appeared on the Epicenter podcast to discuss XRP and its expanding role in global payments. If you haven’t had a chance to listen in yet, here are 5 key takeaways from his conversation with Epicenter’s hosts, Brian Fabian Crain and Meher Roy:
1. There are strong similarities between digital currencies and more established, traditional markets.
Prior to joining Ripple, Miguel worked at Chicago Mercantile Exchange (CME), the world’s largest futures exchange, running the precious metals desk/product suite. The transition from trading precious metals to the world of cryptocurrency was a fairly intuitive transition; there are significant similarities between the two. Bitcoin has long been called ‘digital gold’ due to the fact that digital currency doesn’t degrade, the immutability of the asset, and its limited supply. Another lesser-discussed similarity, however, is both precious metals and digital currencies exhibit volatility. After the r...
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