Is Ripple the Next Amazon, Google, or Apple? Wealth Manager Speaks Out

In a recent livestream interview with Versan and Vandell Aljarrah, founders of Black Swan Capitalist, Clive Thompson, a renowned wealth manager, expressed his positive outlook on Ripple and its native digital asset, XRP. Vandell predicted that Ripple’s payments network and XRP would continue to thrive, eventually becoming adopted by every bank. 

Ripple’s Growing Dominance in the Banking Sector

What’s fueling the Ripple effect in the market, and how can the banking industry contribute to Ripple’s resurgence? Ripple’s influence on the market is steadily increasing, particularly in South Asia. Despite encountering legal challenges in the United States, Ripple’s services are gaining momentum. Notably, major Japanese banks such as Yamaguchi, Momiji, and Kitakyushu have recently embraced Ripple’s MoneyTap P2P service.

This move demonstrates a growing trust in Ripple’s technology and highlights its potential to revolutionize international money transfers, positioning it as a significant player in the financial arena.

Read More: Ripple’s President Monica Long: DeFi Can Revolutionize International Payments

Will Ripple Dominate the Industry Soon?

During the interview, Versan expressed confidence in Ripple’s ultimate victory in its ongoing legal battle. However, he acknowledged the need for regulators to strike a fair balance between ensuring equity and allowing new technology to flourish. Despite a partial victory, XRP experienced a 40% decline in value within two months.

Ripple is rumored to announce its initial public offering (IPO) on September 29, positioning it as a leading contender for mainstream adoption, following in the footsteps of Bitcoin. John Deaton has previously asserted that XRP, Ripple’s native token, could soon surpass the dominant cryptocurrency.

Ripple’s Potential for Greatness

Clive Thompson echoed these sentiments, expressing his hopes for Ripple to attain the same level of prominence as renowned companies like Amazon, Google, or Apple. He believes that Ripple could become so influential that even government intervention might prove challenging. Additionally, Ripple’s decision to confront the U.S. Securities and Exchange Commission (SEC) has garnered attention.

Many experts have applauded this move, viewing it as a pivotal moment in the ongoing Coinbase vs. SEC lawsuit. Ripple is being commended for taking a stand against the SEC’s alleged unfair practices and questioning Gary Gensler’s role in slowing down crypto innovation.

Support for Ripple’s Legal Standing

The wealth manager voiced his support for the judge’s verdict that XRP is not a security, affirming his belief that Ripple will prevail, even in the face of the SEC’s appeal. This perspective underlines a growing optimism in Ripple’s potential to reshape the financial landscape.