Ripple’s Brad Garlinghouse Has Two Predictions For 2019: Banks To Become Crypto Custodians And Blockchain Games To Support Mass Adoption
Ripple’s CEO Brad Garlinghouse spoke at the World Economic Forum, and he discussed where crypto and the blockchain tech find themselves these days and where they’re headed to in 2019.
His predictions are quite bold, but awe-inspiring.
For instance, he believes that banks will definitely become a significant part in the crypto’s future and he highlighted that the game industry on the blockchain is undervalued these days, but all of this is about to change this year.
2018 was “a bit of a hangover”
These were Garlinghouse’s words who continued and said that “There will be more maturity of projects of real use-cases solving real problems with more transparency as I described. I think we will get more transparency from U.S. regulators about these technologies.”
Garlinghouse said that the crypto space needs enhanced regulation and more clarifications for things to be taken more seriously.
“… And I think we’ll start to see traditionally defined banks actually custody cryptocurrency as one prediction I’ve had for 2019.”
Garlinghouse was asked by the founder of Zynga, Eric Schiermeyer about the look of 2019 for games on the blockchain.
He also wanted to know whether games on blockchain have the potential of supporting mainstream adoption.
“I think this is one area where blockchain use is underhyped… it is incredibly interesting regarding which underlying blockchain is most efficient… I think there’s a couple being built upon the XRP Ledger and I think it’s gonna be a very interesting space to watch in 2019.”
Ripple’s own latest reports are pretty mind-blowing.
It’s also pretty impressive that XRP got listed on 30 crypto exchanges in Q4 2018. 2019 is set to be another successful year for Ripple and hopefully, for the whole crypto space.
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.