XRP: The 6% Tax on Humanity’s Wallets

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A senior executive at one of Asia’s leading financial firms, who probably drinks tea with a spoon made of gold, just delivered a monologue so fervent it could have been written by a prophet in a trance. The numbers? As convincing as a magician’s “look at my hand” trick.

Sagar Shah, Chief Business Officer of EverNorth Asia, sat down for an interview that felt more like a sermon on the virtues of blockchain. “I see XRP as being structural to finance,” he declared, as if he’d personally built the entire system with his bare hands.

“Structural to Finance”

Shah’s conviction was as unshakable as a Soviet official’s faith in five-year plans. “Cross-border payments is a market worth over $150 trillion per year,” he said, “and the existing system is just really poor.” One might argue that the system is merely a reflection of human greed, but let’s not spoil the narrative.

To put that in perspective: a 6% fee on a $200 remittance means the sender loses $12 before the recipient sees a cent. It’s like paying for a taxi ride but getting a horse, then being charged for the horse’s hay. Multiply that across trillions, and you’ve got a structural tax on the world’s poorest-because nothing says “progress” like making the poor pay more.

Regulatory Clarity Is Arriving

Shah pointed to regulatory progress so subtle it could be mistaken for a whisper in a windstorm. “We’re starting to see a lot more regulatory clarity around XRP and blockchain,” he said, as if the SEC had suddenly become a benevolent guardian angel.

This clarity matters to institutions, who are as risk-averse as a cat in a room full of dogs. As legal risks fade, the case for XRP becomes as compelling as a well-timed joke at a funeral.

Goldman Sachs and $1 Billion in ETF Inflows

Goldman Sachs, that paragon of financial integrity, disclosed holding $150 million in XRP ETFs. A nine-figure allocation? More like a nine-figure gamble, but who’s counting? “$1 billion has flowed into XRP ETFs since 2025,” Shah said, as if announcing the end of the world.

“We Are Still Very Early”

Perhaps the most profound revelation was that the adoption story is only beginning. “We’re still very early,” he said, as if the universe itself had just begun to blink. One wonders if he’s planning to sell the moon next.

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2026-03-16 22:06