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Ripple’s CEO Thinks 99 Percent of All Crypto Will Go to Zero

  • Ripple’s CEO, Brad Garlinghouse has talked about many things during his interview with Bloomberg.
  • Garlinghouse gave a statement about the real value of cryptocurrencies and predicted the fate of cryptoverse.

One of the most famous cryptocurrencies in the market, Ripple’s CEO Brad Garlinghouse gave a statement in which he stated that the virtual currencies that really have actual utilization in the market will stay in the market until the end, but the other currencies will no more survive in the leading market.

Garlinghouse has talked about many things during his interview with Bloomberg and he again repeated the forecast he made earlier stating that in the recent market most of the currencies in the cryptocurrency market do not have any value in the coming future. During the talk, he also remembers the time-shifted from the illegal case of utilization like SilkRoad and towards danger while predicting that digital currencies will really become really helpful in the year 2019-2020.

In the interview, Garlinghouse said,

“I have said publicly before that I think 99 percent of all crypto probably goes to zero, but there is that one percent that I think is focused on solving a real problem for real customers and is able to do that at scale.”

He further added,

“It’s the reason why Ripple has been focused on a specific customer, a specific problem, we’ve been fortunate to build a lot of momentum with that customer set.”

A few days ago we discussed how Ripple is better than the traditional form of wire ‘SWIFT’ for international transfer. The SWIFT happens to be more uncertain than the Ripple’s token XRP. Garlinghouse also talks about it said that Ripple’s technology would serve as a better option than SWIFT. He said,

“It turns out that the volatility risk is lower with an XRP transaction.”

He compares both Ripple and SWIFT and describes that Ripple is fast as it only takes some seconds, it is really secure and less volatile than SWIFT. Garlinghouse previous that banks also don’t like to use SWIFT because it is not able to ‘fix inefficient internationals remittance.’

The CEO of Ripple agrees that there is a lot of bullish trend coming for the currencies in the market. He also said that their firm pays enough attention to the value of the currencies over the long period too. He also said that digital currency can be very useful in many ways and for decoding that the strengths of the currency will long-time process. The Ripple is holding an event  “the Annual SWELL Conference” and the conference will be held on 6 and 7 November. This is a very anticipated event but still, the currency is struggling to get hold of the pace of the bull in its value. 

The previous years we’re good for the currency as this event helped the value goes up in the market in the year 2017 and 2018. At the time of writing, the current value of the currency is $0.301349 and it is increasing by 0.28%. The market capitalization of the currency is $13,032,783,510 and the 24-hour volume of the currency is $1,736,718,538. 

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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