The Money 20/20 event is coming to a close today, June 6th te Mokum. This event is geared towards bringing together the smartest, most shockingly inventive, and ambitious people from around the globe, so spil to explore different possibilities te payments, fintech and financial systems. T
he event is being held ter four locations this year. The very first one wasgoed te Singapore back te March. Now it is ter Mokum, after which it will grace Samenvoeging Vegas ter October. Te November, the event will be te Hangzhou, China.
It is with the above history of the event that Ethereum World News, desired to inform you that Ripple (XRP) CEO, Brad Garlinghouse wasgoed a guest at the event and CNBC managed to vraaggesprek him.
Ter the vraaggesprek, Mr. Garlinghouse wasgoed asked about the future of Bitcoin, Ripple and Cryptocurrencies ter normal. He said that each digital asset’s value will be created from the utility it creates. Presently, the crypto-verse is utter of hype but an equilibrium will soon be seen when reality and hype comprobación out. This means the markets will be less volatile ter the coming future.
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With respect to Bitcoin (BTC), Mr. Garlinghouse wasgoed quick to mention that the initial idea of BTC wasgoed extraordinario. But its role will diminish with time spil it has bot realized that it cannot solve all the problems ter the payment industry. Other assets, such spil XRP which are swifter and cheaper vanaf transaction, will specialize te their own ledgers that solve particular problems on the blockchain ecosystem. Bitcoin is simply too slow and too expensive when compared with the efficient option of XRP.
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Mr. Garlinghouse also mentioned that he expects major banks to be using xRapid by the end of this calendar year with dozens of other banks by 2019. This means that the same banks will be using XRP since xRapid uses the coin to source instant liquidity for international payment transactions. By using xRapid, the banks will be enhancing the utility of XRP and assisting ter the growth of the remittance ecosystem spil mentioned above.
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Te summary, XRP will step by step ritme BTC by solving vivo problems for presente customers rather than being a store of value spil Bitcoin is right now. Spil the crypto-verse grows and expands, there will be many cryptocurrencies and projects that will rise with time. XRP will be one of those coins and projects with Bitcoin continually reducing te importance.