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- Weiss Crypto Ratings had mentioned the tweet of the CEO of Ripple, wherein the CEO said that we need to involve bankers in the talks in Crypto.
- Weiss Crypto Ratings had, in a way mocked the Ripple CEO by strongly going against him and saying that we don’t need to involve bankers at all.
- The future with cryptocurrencies and blockchain has a million possibilities.
Weiss Crypto Ratings, the provider of ratings for various investment options, had tweeted their strong faith in the cryptocurrencies. Weiss Crypto Ratings had mentioned the tweet of the CEO of Ripple, wherein the CEO said that we need to involve bankers in the talks in Crypto.
Weiss Crypto Ratings had, in a way mocked the Ripple CEO by strongly going against him and saying that we don’t need to involve bankers at all. They will soon take over all the traditional banks.
#Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with #crypto. We don't need bankers to get involved in the crypto. Maybe he and his company do, but the space doesn't. Crypto doesn't need banks, because crypto will replace them.
— Weiss Crypto (@WeissCrypto) February 22, 2020
Ripple, a blockchain company based in San Fransisco, is recognized as one of the most significant companies which offer cross border payment in the finance sector. It is for sure a very strong move by the Weiss Crypto Ratings’ official twitter account.
There has been a lot of talk on the topic, whether the Cryptocurrencies will take over banks or not. All the answers to this question are based on people’s opinions and on the present-day any answer to this question can’t be taken as what will actually happen in the future.
The future with cryptocurrencies and blockchain has a million possibilities. And it can be said that the future will mainly depend on how cryptocurrencies are accepted in various parts of the world.
There have been news releases that even central banks of almost 60 percent of countries in the world are either already working on or are making plans to start the works soon on creating a digital version of the national currency. The banks also have said that they would want to roll out something in the short term itself.
Cryptocurrency has proven to be highly useful and secure as it is based on blockchain technology and gets stored on various digital wallets of its users. This clearly seems to have made an impact on how the banks around the world are planning for the future as a lot of them have already started works on their own digital currencies.
It is shocking to see that the banks are even talking about it openly, which can be taken as a sign that the banks are also worried and think it is possible for Crypto to take over them.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
