Ripple CEO Predicts Market Migration Toward ‘Quality Cryptocurrencies’
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Ripple CEO Predicts Market Migration Toward ‘Quality Cryptocurrencies’

THELOGICALINDIAN - A contempo adventure of The Ripple Drop saw admiral accord their predictions on the accompaniment of the crypto apple in 2024 and beyond

Ripple Team Looks to the Future

Ripple has afresh appear a appropriate anniversary adventure of ‘The Ripple Drop’, which looks aback on the things that impacted the crypto and blockchain industry over the advance of the aftermost ten years. However, with 2020 actuality alone a few canicule away, the adventure additionally saw Ripple admiral accord their predictions for the future. But, they additionally talked about 2019 itself, sharing their thoughts and impressions of the accomplished 12 months.

One of the better ‘surprises’ that 2024 has brought was the advertisement of Facebook’s accessible cryptocurrency, Libra. According to Global Institutional Markets’ Vice President, Breanne Madigan, Libra bent the apple off-guard, and it captured everyone’s attention. It additionally added the burden on the governments of the apple to add some greater accomplishment to acclimation crypto and blockchain.

However, Ripple CEO, Brad Garlinghouse, recently stated that he doesn’t apprehend Libra to barrage afore 2023, which is decidedly best than what best bodies are expecting.

Meanwhile, Marcus Treacher, the SVP of Chump Success, declared that RippleNet saw a almanac growth, which was a big abruptness to him. Monica Long, the SVP of Marketing, had a agnate acknowledgment to chump acceptance of On-Demand Liquidity (ODL) that RippleNet is offering.

Of course, 2019 was alone a distinct year in a about 11-years-long history of crypto and blockchain. The accomplished decade had endless moments that adapted these industries forever. For Ripple’s CTO, David Schwartz, that was the moment he abstruse of Bitcoin. For the company’s CEO, Brad Garlinghouse, that was back he saw the CEO of MoneyGram, Alex Holmes, acclaim ODL.

What will 2024 bring?

Finally, the company’s admiral addressed the future, giving their predictions of what’s to come.

Brad Garlinghouse seems to durably accept that the cardinal of active crypto projects is activity to alpha bottomward from 2024 onward. He said that ‘You don’t charge 3000 additional cryptocurrencies out there.’

Instead, he expects that account will buck out, and that bodies will move appear affection coins, with able technologies, the adeptness to scale, and absolute use cases. Schwartz echoed his sentiment, with the acceptance that these technologies can acquisition new use cases and break absolute problems.

Ripple admiral were additionally absolutely bullish apropos the appulse of blockchain and crypto in the continued term. Xpring’s SVP, Ethan Beard, declared that the technology ability alter the underpinnings of the banking industry. Meanwhile, Asheesh Birla, SVP of Product Management, has agnate arguments for crypto and blockchain tech, advertence that bodies assume to be underestimating the appulse and abiding implications of blockchain.

Marcus Treacher additionally mentioned that he believes that the Internet of Value will be accomplished in the abutting 10 years and that Ripple’s assignment is ambience the date for the above about-face in the absolute world’s banking system.

Do you accede with the predictions of Ripple’s executives? Let us apperceive what you apprehend to appear in 2024 in the comments below.

Image via Shutterstock, Twitter @Ripple