UNITED STATES – The executives of Ripple provide forecasts on what the cryptocurrency world will be in 2020. They also share their thoughts for the year 2019.
Ripple has previously launched a special holiday session of “The Ripple Drop.” The episode is about looking back on the stuff that affected the blockchain and digital asset realm over the development of the previous ten years. On the other hand, since they’re a few days before it’s the year 2020, this session also tackled how executives from Ripple provided their forecasts for the future. Moreover, these officials also discussed their impressions and thoughts for the year 2019.
In 2019, one of the most significant surprises that Ripple had was the declaration of the forthcoming cryptocurrency of Facebook, which is Libra. As per Breanne Madigan, the Vice President of Global Institutional Market, Libra captured the domain off-guard, and it caught the attention of everyone. Moreover, it also increased the force on the governments around the globe. It’s to add more significant effort to ruling blockchain and cryptocurrency.
As for Brad Garlinghouse, the CEO of Ripple, he previously stated how he didn’t anticipate Libra to unveil before 2023. It’s expressively longer than what people are expecting.
For now, the SVP of Customer Success named Marcus Treacher, said that RippleNet witnessed a record development, and it was a huge revelation to him. The SVP of Market named Monica Long had a similar response to customer approval of On-Demand Liquidity (ODL) that RippleNet is providing.
The previous decade had uncountable moments that altered these businesses forever. David Schwarts, the CTO of Ripple, stated that it was the instant that he learned about Bitcoin. As for Garlinghouse, it was the time when he witnessed Alex Holmes, MoneyGram’s CEO, admired ODL.
Garlinghouse firmly thinks that the number of existing cryptocurrency projects is going to begin dropping from the year 2020 onward. He also stated that they don’t need more than 3000 digital assets. He anticipates that utility will confirm, and people will move to quality coins. It should have suitable technologies, real use situations, and the skill to scale.
Schwartz resonated his sentiment with the thought that technologies can search for new use incidents and crack real dilemmas.
The executives of Ripple were bullish concerning the effect of cryptocurrency and blockchain in an extended period. The SVP of Xpring named Ethan Beard said that technology might substitute the groundwork of the funding industry. The SVP of Product Management, named Asheesh Birla, had the same opinions for blockchain and cryptocurrency technology, wherein people are underestimating the long-term repercussions and effects of blockchain.