Pantera Capital CEO Explains Why He Is Bullish on XRP

In a recent interview, Dan Morehead, the founder, Co-CIO, and CEO of blockchain-focused investment firm Pantera Capital Management LP (“Pantera Capital”), talked about XRP.

Morehead’s comments about XRP came during an interview with former hedge fund manager Raoul Pal, who is currently the CEO of finance and business video channel Real Vision.

According to a report by the Daily HODL, with regard to XRP, Morehead had this to say:

“XRP is accumulating the cross-border money movement that everyone in the industry has been talking about for a long time. Currently, blockchain-enabled cross-border money movement from the United States to Mexico is getting close to 10% of all of that very important $25 billion remittance corridor. So it’s huge success for our industry for a use case that’s really making people’s lives better.”

According to data from CryptoCompare, XRP is currently (as of 07:05 UTC on December 20), trading at $0.5782, up 1.42% in the past 24-hour period and up 135% in the past three-month period.