The mass adoption of crypto and the blockchain continues and it’s going great despite the massive crypto market volatility. Check out what the Ripple CEO has to say about more triggers that can boost mainstream crypto adoption.
This will boost crypto mass adoption
He recently explained what he thinks needs to happen to attract more entrepreneurs and investors to the crypto industry.
During a new CNBC interview, as per the Daily Hodl, Garlinghouse says that regulatory clarity and certainty are necessary to attract more participants into the crypto space.
“The industry lacks clarity and lacks certainty. The overwhelming majority of people working in the crypto industry I think are good actors that want to do right by regulators.”
He continued and pointed out the following:
“But when the rules of the road aren’t clear, it’s very difficult to manage within that. And so for entrepreneurs and investors to participate in these markets, to invest in companies in this space, you want that clarity and certainty.”
It’s also important to note the fact that he said the US is lagging behind other major developed and emerging economies under the G-20 umbrella with regard to crypto regulations.
Ripple in the news
A couple of weeks ago, we were revaling that Ripple teams up with a Lithuanian financial technology (FinTech) firm to facilitate cross-border money transfers.
Accoridng to the latest important reports, via a new press release, Ripple says it’s joining forces with the Vilnius-headquartered FINCI to offer services for both retail and business-to-business (B2B) customers.
The same official notes reveal that RippleNet’s On-Demand Liquidity (ODL) protocol will leverage XRP to enable payments between Europe and Mexico. The important thing is that this will be happening without requiring FINCI to tie up capital by pre-funding accounts located abroad.
Stay tuned for more news and make sure to keep your eyes on the market as well.