Ripple CEO: I expect 20 banks to join cryptocurrency trading in 2020
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Answer Ripple CEO: I expect 20 banks to join cryptocurrency trading in 2020
Brad Garlinghouse expects more than 20 banks to join the cryptocurrency market next year 2020, according to a Ripple Insights publication.
Brad also predicted that many government-backed fiat currencies will be converted into digital currencies next year.
Meanwhile, Xpring’s vice president, Ethan Bird, is certain that at least one country will have a central bank-issued digital currency.
Natural Evolution of Crypto:
It is believed that 2020 is the year when cryptocurrencies will continue to develop, and not all of them will be able to survive.
Brad Garlinghouse believes that the industry will see some consolidation within crypto companies, which means that a lot of other crypto projects will likely disappear from the map.
Read:The founder of Cardano hints at when the expected “Vasil” upgrade will start
His statement was followed by the following:
The world does not need more than 2,000 digital assets.
Although I don’t think there will be one currency to rule them all, it is clear that if an asset does not have a proven use case beyond speculation, it will not survive.
Garlinghouse also predicted that 99% of all cryptocurrencies will have a zero ending.
In addition to Garlinghouse’s forecast, there are some other exciting predictions from Ripple executives that they have previously made.
Asheesh Birla, deputy director of products at Ripple, believes that more mobile wallets will move to integrate blockchain and crypto.
In this way, they will be able to keep pace with the digital transformation of the banking industry.
While Mr. Marcus Treacher, Deputy Director of Customer Service at Ripple, explains that cross-border payments will make it easier for travelers to spend their money, he stated:
If more payment and purchasing solutions start being available to consumers and make use of blockchain technology in the same way, the payoff will be huge!
Read:Cryptocurrency exchange Bittrex announces the suspension of trading XRP
Read also:
The inclusion of Ripple (XRP) on one of the largest Malaysian exchanges
Surprise… Ripple Partner MoneyGram Does Not Hold Any XRP
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