Ripple announces a watershed moment for the massive adoption of XRP and blockchain in general. Ripple has repeatedly emphasized the great effectiveness of crypto technologies for everyone. At the same time, Ripple proved this by her example. Innovations from Ripple are actively being introduced into various structures, and many figures speak out positively about such ideas. Ripple clearly expects a very bright future and true leadership. In this vein, statements by Ripple representatives are also important. So, the head of the Ripple department for institutional markets, Breen Madigan, announced the onset of a critical moment for the critical mass adoption of XRP and the blockchain as a whole.
Ripple Announces Tipping Point To Mass Acceptance Of XRP: Details
Head of Ripple’s Institutional Markets Division, Breen Madigan, announced the imminent turning point for the critical mass adoption of XRP and the blockchain as a whole. According to the representative of Ripple, the infrastructure of crypto assets at the institutional level is on the way to a tipping point. This is such a moment when critical mass adoption in financial markets will accelerate exponentially.
A Ripple employee stressed that XRP boasts tremendous growth as a global payment asset over the past couple of years. However, the growth potential of transformational technologies tends to exponentially develop. Therefore, markets tend to overestimate impact in the short term, but underestimate it in the long run, as noted Ripple’s head of institutional markets. As institutional-level infrastructure continues to be built, and real problems are increasingly being addressed using digital assets such as Ripple XRP, the tipping point of mass adoption is constantly approaching.
It is worth noting that currently there is still more hype in the digital asset markets around companies such as Ripple, which seek to transform the payment industry. The adoption of Ripple technology will come gradually. The real-time settlement company has been working to use its strategic investments and cooperation over the past two years. This will stimulate the growth of Ripple XRP, as a global asset for almost instant cross-border transactions.
Also, Ripple’s head of institutional markets, Bryn Madigan, pointed out a speech by US Treasury Secretary Steve Mnuchin at the 2020 World Economic Forum in Davos. The representative of Ripple emphasized that the activist pointed to the progress and impact of digital assets. This means that the massive adoption of digital assets in general and Ripple XRP in particular is approaching very actively.