XRP Buyback Not Possible, Says Ex-Ripple Executive


A new wave of discussion about government buyback of XRP tokens emerged a few days after Valhil Capital’s managing director, Jimmy Vallee, spoke in an interview, discussing what XRP might be worth now if not for the SEC’s prosecution. When the regulator is defeated in court, he once again suggested buying back the cryptocurrency.

The XRP token will eventually be worth $35,000 when all banks switch to ISO20022 and use XRP, according to Vallee’s buyback theory.

Sense of common sense

Matt Hamilton, Ripple’s former director of developer relations, considers Vallee’s claims to be complete fantasy, a scenario that is logically impossible.

However, he noted that even if XRP were to be purchased, its price couldn’t be considered fair value because it is based solely on market laws. Hamilton questioned what prevents the government from simply purchasing the tokens from the market if the buyback happens to make XRP the new government currency.

Overall, Hamilton said he was suspicious of Vallee’s and Valhil Capital’s involvement, and that so far “he has said more clever words than done anything.”

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