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Institutions Buying and Holding Ripple’s XRP Will Rise in Q3 this Year

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The team at Ripple have been doing a spectacular job at hosting ‘Ask Me Anything’ (AMA) conversations with their top execs. A few weeks back, the new CTO, David Schwartz, was interviewed by Asheesh Birla, the Senior VP of Product. In the interview, we got to find out Ripple’s plans with RippleNet, XRP, xRapid and more information about the company and the underlying technology. We also found out that banks are in fear of being disrupted by new technology.

In the AMA, David Schwartz was quoted as saying:

“I talked to a lot of banks, and one of the things that I learned from banks that I didn’t really fully appreciate is that they are in fear of being disrupted by new technologies.”

Brad’s Ask Me Anything Session With Cory Johnson

It is with this background that the team at Ripple have held another AMA. This time around, it was Cory Johnson (Chief Market Strategist) having a lively discussion with the firm’s CEO, Brad Garlinghouse. The duo covered a lot of topics, but one statement by Mr. Garlinghouse stood out.

In the statement, Brad Garlinghouse was answering Cory’s question about Wallstreet and institutional investors, talking about how they want to be more involved in the space as well as solving the issue of custody of digital assets. Brad’s response was as follows:

“One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying and interest in holding XRP. “

The full AMA is now available on YouTube at the link below.

Another thing worth noting is that Brad had thought 2018 would be the year for institutional participation, but it has taken a bit longer. His new prediction of institutional participation will be in late 2018 or 2019. Brad added:

“I thought 2018 we would as an overall industry see more aggressive institutional participation. It has taken a bit longer. Now I would predict that 2019…the railroad tracks are being laid…You are seeing very interesting companies getting started to solve the institutional custody problem. That sets us up nicely for about the back half of 2018 and also 2019.”

When asked by Cory whether crypto custody solutions for institutional investors will be set up by the ‘big boys’ of Wallstreet or startups, Brad would answer that:

“I think it will start with the [startups]. Often times the big boys react to what is happening with the startups and sometimes they acquire those to bring those capabilities in house. Even as you look at the digital asset exchanges…you’ve seen players globally..and now you are seeing something Bakkt and ICE diving in. Will they at some point partner or participate with other start up players? Probably.”

In summary, Brad Garlinghouse has shared his vision and hope for XRP being bought and held by institutional investors as early as Q3 of this year. He has also seen that his prediction of 2018 where institutional investors dive in will have to wait till the end of the year or early next year.

With Bakkt in the pipeline, the stage is set for possible collaboration between Wallstreet firms and crypto startups on a level that had not been seen until now. The AMA proves that XRP is a good digital asset to consider in an investment portfolio moving forward.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of The Roaming Platypus via Unsplash

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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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