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Ripple Executives share their views on Crypto Industry in the last decade in the latest Ripple Drop episode. The team also spoke about their predictions in 2020. The festive holiday episode of Ripple Drop had CEO Brad Garlinghouse, CTO David Schwartz and their VP Breanne Madigan speaking their hearts out about crypto and blockchain in 2020.
Ripple Executives’ Take on Blockchain
Ripple CEO Brad Garlinghouse believes that the crypto industry is going to be consolidated into fewer cryptos as the world does not need 3000+ crypto.
“I think you are gonna continue to see consolidation. Yeah, the world doesn’t need 3,000 plus cryptocurrencies out there, and I think the utility will bear out that there will be a migration to quality if you will.”
Moreover, Quality migration is what he sees in the coming future he adds. CTO David seems to consider blockchain having newer use cases. These cases might provide a solution to actual problems.
“I think we’re going to see more growth of blockchain into different use cases. I think the focus is going to be can you solve an actual problem, not do you have a solution that someone might be able to use for something.”
Ethan Beard, the SVP of Ripple’s investment arm Xpring, is convinced that blockchain and crypto could potentially replace the global financial infrastructure. While VP Breanne believes that the banking and financial sectors will adopt blockchain in 2020. On the other hand, Marcus Treacher seems too convinced that Blockchain will be integrated into most of the technologies leading to an Industrial revolution.
This announcement created a stir of excitement on Twitter. Many supporters of Ripple came forward to stand forth with the executives’ statement.
Well, 2020 seems to be an exciting year for Ripple executives. The team has a lot of hopes on the blockchain. Only time will tell whose prediction comes true.