$ 1,030.05 9.29%
$ 31.50 11.33%
$ 0.063200 4.58%
$ 4.26 12.05%
$ 19,082.84 5.22%
$ 207.14 6.27%

Is Ripple bridging the gap between crypto sphere and conventional banking?

Ripple xrp holding strong

David Gokhshtein is an entrepreneur and an avid supporter of XRP. Commenting on Ripple’s position in the market he recently stated that Rippe is at the right place at the right time to integrate itself in the financial space on a global scale.

He believes that many banks around the world are considering developing their own cryptocurrencies. The stable coins will be backed up by the banks and will act as a bridge between fiat currencies and cryptocurrencies for the public.

Gokhshtein then elaborated on where he thinks Ripple fits in this whole scenario. These banks will have a much easier and cost friendly experience in the crypto space if they use Ripple’s ready-made infrastructure. This method is more efficient either way.

Gokhshtein also expressed his views on the desperate nature of the banks in this age. He stated that traditional banks are doing everything they can to stay relevant against crypto and not become out-of-date. The banks might just adapt and give in.

Ripple has already helped the financial sphere by making more quick and efficient transaction globally.

Brad Garlinghouse, chief executive officer (CEO) of Ripple and the team involved in looking forward to Ripple’s expansion recently. The chief executive officer of Ripple also talked about the positive changes xRapid can cause in the conglomerate sphere.

Majority of crypto enthusiasts are not very attached to XRP and Ripple. The main reason seems to be XRP’s slightly centralized eco-system. This sentiment might change over the years as more businesses are becoming fond of Ripple. Ripple is bound to rise if it keeps up the good work.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Online casinos trends in Ireland: the future of gambling
Monero and Bitcoin
Bitcoin, Ethereum, Shiba Inu, and Litecoin Daily Price Analyses – 29 June Roundup
Polkadot price analysis: DOT continues to decline with low of $7.06 recorded
Bitcoin price analysis: BTC touches $19,775 as bears threaten another sharp pullback

Follow Us

Industry News

Three Arrows could be liquidated due to the crypto market's bearish streak
Ronin bridge returns online after hack
Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months