Evernorth CEO Explains Why XRP Is The Backbone For Finance

• Birla states that crypto has grown out of its early days of being like a casino, driven by hype and quick trades.
• Unlike many cryptos that evolved organically from retail use, XRP was built from the ground up for business payments.
• While companies such as Strategy hold assets like Bitcoin, Evernorth’s goal is to use its capital actively.

Asheesh Birla, CEO of Evernorth, guested on Paul Barron’s podcast, where he talked about how XRP is now seen more as a foundational technology for banks and businesses, and less as a speculative digital asset. Birla states that crypto has grown out of its early days of being like a casino, driven by hype and quick trades. He points out three main changes that are moving this shift: clearer rules, institutional-grade infrastructure, and institutional capital.

Birla believes that these changes together create the right environment …

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