
Market expert Xaif Crypto shared a video post on X social media, highlighting the views of Jeff Booth, a Canadian Entrepreneur and author best known for his bestselling book ‘The Price of Tomorrow.’ According to Xaif Crypto, Booth emphasized that XRP is essentially mirroring the existing traditional banking system rather than subverting it. 🧠💸 This is like telling a magician they’re just copying the same tricks but with a different hat. In the video, Booth elaborates that traditional bank models rely on creating money through lending and charging interest-a system that has remained largely unchanged for centuries. The Canadian author noted that while the concept of decentralization and blockchain-based money transfer is promising, applying it within a closed, controlled system for governments and banks may undermine its transformative potential. 🤖💸 His analysis underscored the nuances in the ongoing debate over the purpose of cryptocurrencies. He also stressed that not all participants in the crypto space are acting with ill intent, highlighting that some are genuinely attempting to innovate and transform the space. Nevertheless, replicating traditional banking practices on a decentralized ledger raises both philosophical and practical challenges. 🧩🧠