Ethereum became a topic of discussion earlier today after prominent cryptocurrency advocate Bill Morgan weighed in on a bullish post mentioning Ethereum’s potential for banks.
A certain post is sparks scattered Discussions across the crypto community have argued that the world’s banking system will eventually become dependent on Ethereum at some point in the future.
Community rejects Ethereum’s bold claims
This claim was made by Raul Pal. Ethereum Advocates and macro investors. In a statement, Pal refuted the viral theory that Ethereum is dead, calling the theory interesting.
Pal notes that banks tend to adopt technologies that have a strong “Lindy effect,” noting that these technologies are systems that have proven resilient over time.
He believes that Ethereum is a perfect fit for such technology and is well-suited to become a suitable financial infrastructure for banks.
Therefore, he declared that all banks will soon start relying on Ethereum for their financial operations.
morgan responds
Morgan’s response wasn’t entirely direct about whether he supported it, but commentators disagreed with this narrative and pointed out that the opposite would happen. Morgan simply quoted the claim in what appeared to be sarcasm.
This discussion was sparked by XRP-based developments, including FXRP, where cross-network bridging was temporarily suspended as a precautionary measure following an rsETH-related incident.
Specifically, this suspension will affect transfers between networks such as Flare and Ethereum, and will prevent users from redeeming FXRP held from the Flare network until the assets are bridged back. Nevertheless, Flare’s core operations remain fully functional.
