Ripple XRP News Today – Top Headline for Ripple, December 20th, 2019

Ripple XRP Price Prediction
  • Messari Founder throws a jab at Ripple’s XRP
  • 20 Biggest banks will adopt crypto in 2020 – Ripple CEO

According to Messari’s recent blog post titled “20 Bits of Investment Advice,” the CEO of data provider Messari, Ryan Selkis, poke Ripple’s native token XRP by terming it a “too-big-too-jail” coin.

His cynical stance of the coin remains unmoved since the previous year. Regardless of his unwavering view of the coin, Selkis declared that XRP had an “amazing staying power.” Although, he is not sure if the coin will be able to survive strong competition from stablecoins issued by institutions and central banks. With plenty of funds in its, reserve Ripple will be able to continue developing its ecosystem.

Messari’s “Crypto Theses for 2020” draw the attention of people to how the blockchain juggernaut is trying to avoid obtaining real-life businesses. He explained thus: “Ripple, Tron, Block. One, and Tezos have serious capital to deploy (more than almost all of the crypto funds) and have not been shy about their investing pace in complementary crypto and legacy businesses”

XRP (XRP) Price Today – XRP / USD

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So far, XRP has been one of the most debated cryptocurrencies in the crypto sphere since it declared its plan to be centralized. Ripple developed 100 billion tokens and gifted 80% of them to Ripple Labs. The company’s founders (Chris Larson, Jed McCaleb, Arthus Britto) were the ones who stockpiled the largest amount of XRP.

Currently, there is an ongoing lawsuit against XRP status, the recurring question of whether the coin is a security or not. If the token is acknowledged as security, Ripple would have to follow SEC regulations. Also, if otherwise, the company could be hit with a huge fine for selling unregistered security. Though, Selkis does not believe that SEC will be able to bring up a case against XRP.

XRP Price Prediction – Ripple XRP Price Prediction

“If the SEC was willing to settle for a mere $24 million with Block. One over their yearlong $4 billion EOS crowd sale, then I don’t think we should expect to see a case against Ripple, whose advisory ranks are best in the industry (ex-regulators Mary Jo White (SEC), Ben Lawsky (NYDFS), Gene Sperling (White House) are advisors or directors).”

20 Biggest Banks Will Adopt Crypto in 2020 – Ripple CEO

The CEO of Ripple, Brad Garlinghouse, envisages that the biggest banks in the world would adopt cryptocurrencies in 2020. Along with other team members, he also expects that many government-backed currencies will be digitalized in the year 2020.

The year 2020 is assumed to be the year when cryptocurrencies will continue their advancement, and not everyone will be able to survive. Garlinghouse mentions that the industry will see some “consolidation” within crypto companies. Meaning that many of them might not stand the test of time.

“The world doesn’t need 2000+ digital assets. While I don’t think there will be one coin to rule them all, it’s clear that if an asset doesn’t have a proven use case beyond speculation, it is not going to survive.”


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