The executive team of Ripple, including its CEO, throw some predictions for 2020. And not only concerning this criptomoneda, but the whole ecosystem in general. This new year is full of optimism and great expectations for the various members of the industry. In particular, because it begins a new decade, which is full of possibilities for the growth of the ecosystem. The decade that is ending was full of many highs and lows; but, without a doubt, he has made it clear that the cryptocurrencies came to stay. And not only Bitcoin, Ripple or Ethereum, but a large number of alternatives for different tastes. As the stablecoins, the open source, private, those with large market capitalization or those projects that are just starting. That is why, after a great decade, the industry cryptography can not expect less of the next. Therefore, most of the predictions point to a bright future.
Contents
Predictions of the directors of Ripple
To begin, we have the prediction of the CEO of Ripple, Brad Garlinghouse: “I Think we will continue seeing consolidation, you do not need more than 3000 cryptocurrencies. (…) I think that the utility will confirm where you’ll see a migration to quality if you do. Technologies and cryptocurrencies that can scale with the demand of the market with cases of actual use”. For him, the success during this 2020 will be determined by the use of the new technology. This group includes both the cryptocurrencies as to Blockchain. Something like think David Schwartz, the CTO of Ripple. Considered to be the key to continued growth is the ability of these technologies to find new use cases. In its turn, focuses on the potential they have to solve real problems. As it serves that technology will not be able to give a real use. It is for this reason that Schwartz believes “we will see a greater growth of the Blockchain in different use cases”. On the other hand, the senior vice president of product management, Asheesh Birla, believes that the long-term potential of the technology is impossible to measure. “I think people are underestimating the long-term implications and the impact that the technology Blockchain will have on the daily life. (…) To the end of the decade, I really believe that almost all financial applications is reinventarán with this technology, it will only take a little longer than expected”. To finish, another of the members of Ripple, Marcus Treacher, said the work the company was doing, as RippleNet and XRP Ledger, were preparing the stage for a complete change in the global financial system. “The Internet of value that we are creating is coming to life,” said Treacher. Then he added that he could “see the technology Blockchain merging with other enabling technologies central and together creating the fourth industrial revolution”. As you can appreciate, at a general level, the predictions for 2020 and, in general, for the next decade, they are quite optimistic. Await and check it for ourselves really how will be the performance of the industry in the years to come. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.