Market Headed Towards ‘’Quality Cryptocurrencies’’: Ripple CEO

Ripple executives in the new episode of The Ripple Drop gave their forecasts on the developments in the cryptocurrency world in 2020. It seems that we have a market headed towards a better year and quality cryptocurrencies according to the Ripple CEO as we are reading further in the XRP news.

A special holiday episode of ‘The Ripple Drop’ was recently released from Ripple, in which a recapitulation of the last ten years and everything that impacted the cryptocurrency and blockchain industry was presented. But with 2020 starting in few days the episode also shows Ripple officials give their forecasts for the future. They also talked about 2019, sharing their thoughts and impressions of the past 12 months.

The biggest surprise that was brought by 2019 was the declaration of Libra the cryptocurrency of Facebook. According to the Vice President of Global Institutional Markets, Breanne Madigan, the digital asset of Facebook surprised the world and took the attention of everyone. Also, the pressure on governments was amplified by the coin, for regulating cryptocurrencies and blockchain. But, Brad Garlinghouse, CEO of Ripple recently stated that according to him Libra will not launch before 2023, which is longer than the expectations of most in the crypto community since the market headed towards better cryptocurrencies, will not tolerate these kinds of projects.

In the meantime the SVP of Customer Success, Marcus Treacher said that RippleNet experienced tremendous growth which was a huge surprise to him. The fact is that 2019 is one year in an 11 years-long history of cryptocurrencies and blockchain. In the past decade, there were many incidents that transfigured the industries permanently. David Schwartz the CTO of Ripple that was the moment in which he learned about Bitcoin. For the CEO of Ripple, Brad Garlinghouse the changing moment was when he witnessed the praise of ODL by the CEO of MoneyGram, Alex Holmes. At last, the officials of Ripple talked about the Future, giving their forecasts of what is to come. The CEO, Brad Garlinghouse is of the opinion that the number of active cryptocurrency projects will start to fall from 2020. He stated that ‘You don’t need 3000 plus cryptocurrencies out there.’

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