Of course, this is not a certainty, but we need positive thoughts during bear markets. According to a Ripple executive, Ross D & Arcy, banks will adopt cryptocurrencies in due course. D & # 39; Arcy made the comments during Impact Fintech 2018 in Poland.
Ross D & # 39; Arcy, Ripple Sales Director, talked about the upcoming developments of Ripple and the problems that Ripple, as an organization, is trying to solve. According to Arcy, it is Ripple's goal to make cross-border transactions simple and effective.
Ross D & Arcy said:
"We are not doing POC experiments or scientific experiments but rather solving real use cases," Imagine that a person in Nigeria wants to send money to someone in Mexico. "This process must continue a process that has governed the banking industry for over 400 years. Ripple's products, there are no restrictions and it is not even necessary to keep the target currency. "
D & # 39; Arcy provided the example above and used it to show why Ripple aims to solve connectivity problems with banks offering products like xVia, xRapid and xCurrent. D & # 39; Arcy added that according to him, today's payment networks can not be trusted.
Last but certainly not least, D & C has made a bold statement about cryptocurrencies and the future of digital resources. According to Arcy, digital resources will solve the liquidity problems with which banks are currently grappling. Something, Ripple has already demonstrated with xRapid and XRP. Banks using digital resources would free up a lot of capital.
D & # 39; Arcy said:
"Once the cryptocurrency is slightly more regulated and a calm approach is adopted, banks will understand that digital resources can be used to address specific use cases and benefit from them. they should embrace the technology. "