• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Ripple Not Bitcoin Will Be The Cryptocurrency Of The Future: DeVere

By Kurt Osterberg · On April 16, 2018

Ripple can be expected to “convert the remaining crypto cynics,” affirms the boss of one of the world’s largest independent financial services organizations.

iq501 / Pixabay

The prediction from Nigel Green, the founder and CEO of deVere Group, comes as Ripple (XRP) experienced a spike last week, adding another $62bn to its market value. The cryptocurrency also broke some key resistance, such as $0.6500 and $0.6600, nudging it towards the important $0.7000 level against the dollar.

Mr Green, whose firm launched the pioneering crypto exchange app, deVere Crypto, this year, says: “After the cryptocurrency market somewhat overheated at the end of 2017 – thanks largely to investors piling in, pushing Bitcoin to an all-time high of more than $19,000 – there was a major, natural price correction in the first quarter of this year of most of the major cryptocurrencies.

“But the cryptocurrency market is, once again, now looking already significantly more bullish than it did in Quarter 1.”

He continues: “This latest upward crypto market trajectory can be attributed to the fact that institutional and retail investors are increasingly appreciating the fundamentals, such as the need and demand for digital currencies in a digitalized, tech-driven age.

“Also there is now huge awareness that blockchain, the technology that underpins the likes of Bitcoin and Ripple, is likely to be the world’s next major disruptive technology.”

Mr Green goes on to assert: “Cryptocurrencies are now really coming into the mainstream. But there are still some critics of the crypto revolution. However, I believe that Ripple (XRP) can be expected to convert the remaining crypto cynics.

“This is primarily due to Ripple’s apparent emphasis on integrating with banks and other financial institutions.

“For instance, banking giant Santander has recently launched a foreign exchange service that uses blockchain technology developed by Ripple to make same-day international money transfers. It is also reported to be in talks with other major global banks and money transfer groups to develop similar products.”

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    How to Manage Events in the Post-COVID World

  • Finance

    Building the Right Tech Stack to Support your Revenue Operations Goals

  • Finance

    Can You Outsource Thought Leadership?

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
  • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review

New Posts

  • How to Manage Events in the Post-COVID World

    How to Manage Events in the Post-COVID World

    March 3, 2021
  • Building the Right Tech Stack to Support your Revenue Operations Goals

    Building the Right Tech Stack to Support your Revenue Operations Goals

    March 3, 2021
  • Can You Outsource Thought Leadership?

    Can You Outsource Thought Leadership?

    March 3, 2021
  • Don’t Be an Icky Guy (or Gal) Find Your Purpose with Ikigai

    Don’t Be an Icky Guy (or Gal) Find Your Purpose with Ikigai

    March 3, 2021
  • How to Celebrate Employee Appreciation Day this Year

    How to Celebrate Employee Appreciation Day this Year

    March 3, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.