Q3 2018 Could Change The Game For XRP (XRP) With Wall Street Interest And Institutional Investors
During the latest Ask Me Anything (AMA) session, Ripple CEO, Brad Garlinghouse, and Cory Johnson, Chief Market Strategist at Ripple, debated Ripple’s platforms, XRP (XRP), and what the future reserves for the blockchain and cryptocurrency industries. However, the most exciting part of the session was that one regarding Wall Street and institutional investors, and how Q3 2018 could change the game for XRP (XRP).
Brad Garlinghouse was asked by Cory Johnson what’s his opinion on institutional investors and Wall Street interest in cryptos. To that question, Ripple CEO disclosed some information about what would Q3 2018 reserve for the Ripple’s XRP.
“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 2018 will definitely be a record of institutional participation in buying and interest in holding XRP (XRP),” said Brad Garlinghouse.
Will XRP (XRP) skyrocket during Q3 2018 thanks to institutional investors?
From what Brad Garlinghouse stated, it would result that either institutional investors are already interested in XRP (XRP) and buying the asset, or they will start buying Ripple’s XRP massively in Q3 2018.
However, many wonder why XRP (XRP) price is not yet skyrocketing with so many innovations and institutional investors buying the Ripple’s digital asset. Well, that might be happening because these investors are not using regular cryptocurrency exchange platforms, instead, they’re purchasing XRP over-the-counter (OTC).
As for the custody services issues, Ripple CEO said that “you are seeing very interesting companies getting started to solve the institutional custody problem, and that sets us up nicely for about the back half of 2018 and also 2019.”
Now, with Bitcoin (BTC) and the majority of other cryptocurrencies showing stability, once again, XRP (XRP) could get momentum and skyrocket again in the market, backed up by institutional investors and Wall Street interest in cryptos. Also, the xRapid platform will soon go live and will demonstrate to all that Ripple’s XRP is a utility for faster and secure cross-border payments.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.