Home / Ripple / Ripple's XRP and its use are an example of the expiring cryptocurrency market, says the PwC official

Ripple's XRP and its use are an example of the expiring cryptocurrency market, says the PwC official

At the end of 2018, several officials in the cryptocurrency sector talked about the market and the recent price increases and decreases. The last official to comment on the market is PricewaterhouseCoopers China and Hong Kong Fintech and Crypto Leader, Henri Arslanian.

Arslanian was of the opinion that in 2019 there were many interesting things for the cryptocurrency industry with the entry of institutional investors and other actors. He said that just as 2018 was the year when the big banks entered the crypt, 2019 will be the year in which the partnerships will be much more solid. The PwC official also cited the example of Fidelity, whose entry into the field had a significant impact. The sentiment was also reflected by the CEO of One Alpha, who had said:

"… Fidelity is the third largest asset management company in the world with 7.2 trillion dollars under management, it is certainly, you know, the great institution that everyone was waiting for and it is not, you know, just investing in something. creating a joint venture, it is actually creating a branch completely focused on the provision of digital asset services ".

Arslanian also stated that in 2019, some known companies will collaborate with cryptocurrency companies to enhance their portfolio. According to him, others could invest in cryptic companies, just as Goldman Sachs invested in BitGo, an organization for the custody of cryptocurrencies. He went on to say:

"The entry of institutional investors will bring much needed experience in the cryptography sector, and many elements are contributing to this process, especially as regulatory clarity is becoming increasingly inclusive of cryptography, from Hong Kong to Switzerland, 2018 it has been a year of positive changes and developments for the sector, which will continue in 2019. "

Henri Arslanian continued to discuss Ripple's XRP and the competition it offers to the well-known SWIFT. He added that the swift agreement promised by Ripple will be a turning point as more and more banks are considering adding cryptocurrencies to their roster. XRP has created a lot of news recently, mainly due to the settlement of 4-second transactions for cross-border payments. The Fintech official said that the arrival of 2019 will also highlight security tokens and stablecoins.

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Akash Anand

Engineering graduate, crypto and arsenal fan. He is fascinated by technology and all its wonders. Strictly against the pineapple on the pizza.

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