20 largest banks are going to manage next year’s digital Assets and act

The adaptation of crypto currencies continues. The ECB thinks to bring about a digital Euro on the way to other actors of the market Events to watch very carefully. Ripple CEO garling house predicted that next year, half of the 20 largest banks will keep the digital assets and acting.

Ripple CEO, Brad garlinghouse, has made a bold prediction for the year 2020 on the state of the introduction of crypto-currencies. In the blog post from Ripple Insights in this month garling house estimates that from next year other Top institutions in the crypto industry will get in.

Garling house projected that “half of the 20 largest banks in the world in the year 2020, digital assets actively, and to act”. Although it is a high goal, there is a current evidence that the banks of the Cryptography always come closer. Earlier this week, State Street, the second oldest Bank in the United States, with the crypto-exchange Gemini teamed has. Financial institutions can now store your Bitcoin in Gemini, and from State Street to request information about. Although State Street does not have a Bitmünzen, or acts, this shows that the Bank is ready, the industry approach.

Garlinghouse also said that 2020 could be the year of digital currencies, the Central banks (CBDC). Ethan Beard, SVP of Ripple’s Investmentarm Xpring, expects at least a CBDC will be introduced next year. There is a lot of support for this claim. China is the leader and is likely to provide a centralized digital Renminbi out.

Also South Korea is making steps. KT, the largest telecommunications company in South Korea, will launch later this month in the city of Busan, its on Blockchain based digital currency. Not to mention the European Central Bank, the Marshall Islands, Iran, and Russia.

It is interesting that the Ripple would like to highlight this contentious point. Central banks introduce their own digital currency that will inevitably affect the primary application of the company. Governments that create digital currencies, will find it much easier to transfer money between the banks and, possibly, also across borders, Ripple’s entire existence.

Garlinghouse spoke to, even the theme that coins disappear without a real use case might soon be out of the picture (freely translated):

The world needs not more than 2,000 digital assets. I do not think that it is a coin, which she has mastered all of them, but it is clear that an asset value is not survive if he has no proven use case beyond speculation.

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