PwC Official Affirms Ripple’s XRP is a Great Example Crypto Markets’ Maturity
One certainty that we can have from following the news of the crypto market in 2018 is that it is certainly maturing. Now, as 2018 is ending, several people from the industry are weighing what happened this year and making predictions for the future of cryptos.
Now, one of the latest comments comes from Henri Arslanian, a crypto leader at PricewaterhouseCoopers, a company from China and Hong Kong. According to him, there are a lot of exciting prospects for the industry in 2019, including the institutional investors, which always seen to be ready to jump in the market for real “soon”.
According to Arslanian, if 2018 saw the big banks looking at the market and deciding to join, 2019 will be the year in which partnerships will be solidified and institutional investors will come. Fidelity Investments, one of the largest financial companies in the world, for instance, is set to enter the market next year and this will make a huge splash.
Fidelity is currently the third largest asset management firm in the the whole world, so its presence in the crypto world will be important. The impact of a partnership with a company like this is hard to measure, but it will be huge, indeed.
It was also suggested that some high-profile companies might decide to start partnerships with companies from the crypto world because they might want to “boost their portfolios” next year, which can also bring in a lot of money. Arslanian cited Goldman Sachs, a wealthy American bank, which invested in the crypto company BitGo.
He also affirmed that these new companies will bring a lot of experience for the industry and that regulation will also be another element that will make the crypto industry become more successful in 2019 than it was in 2019.
Ripple As The Model For The Future
One of the most interesting bits of what Arslaninan affirmed is that Ripple and its XRP token are a great example of how the future of cryptos can be because the company already has many partners and it is being able to move forward its SWIFT-like system.
More and more banks are considering what Ripple has to offer for them and some of them will certainly use the cryptos to make their cross-border transactions more efficient, cheaper and faster.