Mike Higgins, identified in the source as Ripple Prime CEO, said XRP will be used as collateral with Bitcoin in institutional finance, indicating a potential role for the token in market infrastructure.
Mike Higgins, identified in the source as Ripple Prime CEO, said XRP will be used as collateral alongside Bitcoin in institutional finance. The statement points to collateral use, meaning assets pledged to secure obligations in trading or lending, as a possible institutional application for XRP beyond payments. The source does not provide details on timing, counterparties, platforms, or implementation terms.