Stephen McClurg: XRP Blockchain Could Displace Wall Street
Date: 2025-11-06 Author: Gabriel Deangelo Categories: BLOCKCHAIN
At the Ripple Swell conference, Stephen McClurg explained that his interest in blockchain stemmed from the inefficiencies of international transfers. He emphasized that many migrants sending funds home are forced to pay fees ranging from 8% to 15% of the transaction amount. According to him, these costs can be significantly reduced by using decentralized solutions, which also speed up the transfer process.
McClurg is convinced that XRP Ledger technology has the potential to become a full-fledged alternative to traditional payment systems and even Wall Street financial giants. He believes that blockchain platforms will shape the future of the global payment infrastructure, ensuring transparency, speed, and minimal fees.
Canary Capital's CEO also expressed confidence that the launch of XRP-based exchange-traded funds (ETFs) could spark a strong investment influx. He predicted that such funds could attract up to $10 billion in the first month, surpassing similar Ethereum-based products. McClurg explained that XRP's advantage lies in its lack of built-in staking, allowing investors to maintain returns when investing through ETFs, which is not the case with some other cryptocurrencies.
McClurg also touched on the prospects of leading digital assets. He noted that he remains optimistic about Bitcoin and expects its value to reach $150,000 by the end of this year. However, he expressed skepticism about Ethereum, calling its technology outdated and predicting a possible decline.
Thus, in his speech, Stephen McClurg identified XRP as a key instrument capable of shifting the balance of power in the financial world. If his predictions come true, the cryptocurrency market could enter a new phase, where decentralized platforms will not simply complement, but directly compete with traditional institutions.
