{"id":408250,"date":"2019-12-21T19:52:42","date_gmt":"2019-12-21T19:52:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=408250"},"modified":"2019-12-21T19:52:42","modified_gmt":"2019-12-21T19:52:42","slug":"ripple-ceo-claims-half-of-top-20-banks-will-own-crypto-in-2020-is-this-feasible","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-ceo-claims-half-of-top-20-banks-will-own-crypto-in-2020-is-this-feasible\/","title":{"rendered":"Ripple CEO Claims Half of Top 20 Banks Will Own Crypto in 2020; Is This Feasible?"},"content":{"rendered":"

The finance industry as a whole has been hesitant to embrace or adopt crypto in any forms, with many major figures within the industry claiming that Bitcoin and other digital assets are simply speculation tools that investors use to try to turn quick profits, rather than revolutionary technologies that could help usher in a new era of digital finance.<\/p>\n

In spite of this, one leader within the crypto industry is now offering a bold prediction for how big banks will take to cryptocurrency in 2020, and if he is proven correct, the nascent technology could be on the verge of massive global adoption.<\/p>\n

Ripple: Crypto to Underpin Consumer Financial Products in 2020<\/strong>\u00a0<\/strong><\/h2>\n

In a recent blog post<\/a> on Ripple\u2019s website titled \u201c2020: The Year of the Digital Asset,\u201d the fintech company<\/a> notes that they believe adoption of cryptocurrencies in the new year will be primarily focused on increasing the ease of usability for digital assets via wallets.<\/p>\n

Ripple\u2019s Senior Vice President of Product, Asheesh Birla, predicts that mobile wallets and payment apps like PayPal will adopt blockchain and cryptocurrency in an attempt to better compete with digital banks.<\/p>\n

\u201cAdoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks,\u201d he explained.<\/p><\/blockquote>\n

Ripple CEO: Big Banks to Embrace Digital Assets in Coming Year<\/strong><\/h2>\n

One of the boldest predictions within this blog post came from the company\u2019s CEO, Brad Garlinghouse, who notes that he anticipates half of the top 20 banks in the world to actively hold and trade digital assets in 2020.<\/p>\n

\u201cCEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year,\u201d the company says in the post.<\/p><\/blockquote>\n

This prediction<\/a> is not unprecedented, as multiple major banks have forayed into the crypto markets, with JPMorgan recently announcing the release of their own digital currency used for intra-bank transfers.<\/p>\n

Time will tell as to whether or not banks will really begin heavily entering the crypto<\/a> markets in 2020, but if they do, it will certainly help catalyze and perpetuate further global adoption.<\/p>\n

Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"
The finance industry as a whole has been hesitant to embrace or adopt crypto in any forms, with many major figures within the industry claiming that Bitcoin and other digital assets are simply speculation tools that investors use to try to turn quick profits, rather than revolutionary technologies that could help usher in a new era of digital finance. In spite of this, one leader within the crypto industry is now offering a bold prediction for how big banks will take to cryptocurrency in 2020, and if he is proven correct, the nascent technology could be on the verge of massive global adoption. Ripple: Crypto to Underpin Consumer Financial Products in 2020\u00a0 In a recent blog post on Ripple\u2019s website titled \u201c2020: The Year of the Digital Asset,\u201d the fintech company notes that they believe adoption of cryptocurrencies in the new year will be primarily focused on increasing the ease of usability for digital assets via wallets. Ripple\u2019s Senior Vice President of Product, Asheesh Birla, predicts that mobile wallets and payment apps like PayPal will adopt blockchain and cryptocurrency in an attempt to better compete with digital banks. \u201cAdoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks,\u201d he explained. Ripple CEO: Big Banks to Embrace Digital Assets in Coming Year One of the boldest predictions within this blog post came from the company\u2019s CEO, Brad Garlinghouse, who notes that he anticipates half of the top 20 banks in the world to actively hold and trade digital assets in 2020. \u201cCEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year,\u201d the company says in the post. This prediction is not unprecedented, as multiple major banks have forayed into the crypto markets, with JPMorgan recently announcing the release of their own digital currency used for intra-bank transfers. Time will tell as to whether or not banks will really begin heavily entering the crypto markets in 2020, but if they do, it will certainly help catalyze and perpetuate further global adoption. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":408251,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894],"tags":[75,6664,3680],"class_list":["post-408250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","tag-adoption","tag-crypto","tag-ripple"],"acf":[],"yoast_head":"\nRipple CEO Claims Half of Top 20 Banks Will Own Crypto in 2020; Is This Feasible?<\/title>\n<meta name=\"description\" content=\"Ripple's CEO is offering a bold prediction for how banks will take to crypto in 2020, and if he's correct, the tech could be on the verge of mass adoption.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-ceo-claims-half-of-top-20-banks-will-own-crypto-in-2020-is-this-feasible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple CEO Claims Half of Top 20 Banks Will Own Crypto in 2020; 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