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During the recent Consensus: Invest conference, a few days ago, Jeff Sprecher, president of the New York Stock Exchange and CEO of the Intercontinental Exchange (ICE), said that digital assets will survive.
And Brad Garlinghouse, the CEO of the fintech company Ripple, commented on what he said. He said it is exciting to see more people in the traditional financial world who have a long view of digital resources.
Ripple is one of the most popular companies in the cryptography market and offers various services to financial institutions all over the world.
Exciting to see more people in the world of traditional finance take the long perspective on digital resources. Just like the volatility of the stock market ≠ at the end of stocks, digital resources do not go away https://t.co/9pqsGIDS5H
– Brad Garlinghouse (@bgarlinghouse) November 29, 2018
Although there was a crash in the cryptocurrency market and Bitcoin fell 80% from its all-time high in December 2017, there are people confident about the future of virtual currencies and cryptographic space.
The Intercontinental Exchange also plays an important role in the encrypted market, or at least will be a key player. In the future, ICE has planned to launch a platform specifically created for institutional investors who have not been able to enter the encrypted market but want to do so.
The so-called Bakkt platform should enter the market and allow traditional investors to enter the market. Currently, platforms are currently regulated and use current financial instruments to provide cryptographic services to institutions. Clearly, ICE is optimistic about the future of space.
Ripple it also collaborates with companies from different countries that try to offer better services and products. The main intention is to allow companies to have cheaper cross-border transactions. Using the Virtual currencies XRP customers can take even lower commissions during transactions.
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