Bitcoin, Crypto currency, Blockchain

Ripple CEO: banks will keep XRP as well as digital assets themselves

Ripple CEO: banks will keep XRP as well as digital assets themselves

Home News Ripple CEO: banks are XRP, as well as digital assets, even keep

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Marcel Knobloch –
03.12.2018

The adaptation of crypto currencies is progressing, regardless of the ongoing bear market. The CEO of Ripple is sure that banks will be values to pass in the next year, this includes digital assets, such as XRP, bearings, appropriate Custody solutions.

Brad Garlinghouse, CEO of Ripple Inc., is very optimisch that banks have developed until the middle of next year Custody solutions, to be able to large amounts of Capital from institutional investors in a safe place. This will have a significant positive driving effect on the use of digital currencies in our traditional monetary system.

On the Singapore FinTech Festival in Sinagpur garling performs house, that he considers it very likely that banks will offer from 2019, financial services on the Basis of crypto-currencies (freely translated):

I think one of the things that will surprise us in a year, is that banks digital assets directly store.

I think now, we are thinking about it and thinking that there will be no way – they are too conservative. And I think what you see happens in two Stages. The banks see that, through the worldwide exchange of digital assets in a lot of money, and the banks for profit.

The second point, […] is the regulatory clarity and the regulatory framework to enable banks and financial institutions to venture into these markets.

Garlinghouse, and Mike Novogratz, CEO of Galaxy Digital, agree that the next Bullrun is, once legal clarity and financial institutions easily without major concerns in the crypto market can get. In his opinion, the first banks will come from China, as they have shown in the past far more innovative than in Germany and the United States (freely translated):

I also assume that there will be banks in the ASEAN markets where the regulatory clarity is created, and there are a lot of progressive, forward Thinking. You will be the First to allow the storage of crypto-Assets in your accounts actually.

Asia has developed into one of the most important source markets for Ripple and its practice, once zmöglichkeiten. By a sustained Expansion in the Asian region, Ripple was able to penetrate through partnerships with LianLian, as well as American Express in this highly competitive sector.

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