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

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Ripple XRP

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

Altcoins

GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Bitcoin

Bitcoin vs. Ripple Explainer

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Bitcoin Ripple

Whether you’re new to the world of blockchain technology or are simply looking to sharpen your sensibilities when it comes to distinguishing the market’s key players, there is always more to learn. Cryptocurrency trading is fueled by hype and that means that new players are always popping up and disappearing. Bitcoin remains the constant staple in this everchanging landscape and also serves as a useful benchmark against which to understand and evaluate other actors. If you’ve got things like a graph of bitcoin price history saved to your bookmarks, there’s a good chance you’ve also encountered the name Ripple. If you are interested to learn how it stacks up against its forebearer, read on to discover the similarities and differences between Bitcoin and Ripple. 

The risk remains the same

One thing to clear up right off the bat is that all cryptocurrencies exist in a volatile and very speculative market. Although a lack of regulations is part of the draw, it also means that anything goes and there are really no guaranteed bets. Ripple and Bitcoin are both parts of this ecosystem, so keep in mind that if you’re thinking about investing in either, or any blockchain cryptocurrency for that matter, you should go in ready to potentially lose your complete initial investment. When it comes to investing in any cryptocurrency, you’d be best to hedge…

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