Ripple’s (XRP) management team shared their 2024 predictions for the cryptocurrency market.
Ripple senior team announced their 2024 predictions for the cryptocurrency market. 5 leading names of the company were among those who shared their ideas. Recently, Ripple’s president, Monica Long, also expressed her predictions for next year.
Giants like Apple and Amazon will come!
Vice President of Global Customer Success Aaron Searsaimed at the cryptocurrency market and Web3 sector next year adoption will move to another dimension stated.
This year Visa, MasterCard, BlackRock And Fidelity Stating that there are important breakthroughs from giant actors such as Aaron Sears, next year Amazon, uber or Apple He said that giants such as may also integrate into this field.
To date, this has been largely led by companies in the payments and traditional finance space, such as PayPal, Mastercard, JPMorgan and Citi. But as the crypto winter visibly thaws and more legacy players come on board, we will begin to see tech leaders entering the industry and integrating crypto and blockchain into their businesses; Like Amazon, Uber or Apple.
Sears also in brazil Following the cryptocurrency regulations to be completed in mid-2024, in corporate investments in the region He stated that we will see significant progress and that these breakthroughs will strengthen the legitimacy of the market. Sears is at the forefront of this situation. including Bitcoin (BTC) He stated that it could be a new fuel source for the entire cryptocurrency market.
Partnership with more banks!
Ripple Vice President of Product Development and metaco CEO Adrien TreccaniBy 2024, global banks and industry giants will demand for efficient and transparent financial services They stated that they will be actively involved in digital asset solutions to meet brought.
The company also has many plans in 2023. partnership with bank He emphasized that this was established and that this will continue next year:
We announced partnerships with many global banks last year and expect adoption rates to continue increasing in 2024. Banks are experimenting with tokenized assets, and they need to be able to do so safely within strict compliance and security protocols, as well as seamless integrations.
Europe and the Middle East will play a more active role!
Ripple Policy Manager Andrew Whitworth what he did in prediction, Europe of the union And United Arab of the emirates He set out from his rapid steps regarding regulations.
While emphasizing that there is an increasing interaction between the private sector and the public sector in developing common use scenarios in the field of crypto money, we will see more countries in the coming year. cryptocurrency and blockchain industries stated that they would like to be involved. MiCA law in the EU, cryptocurrencies more widespread use in the region He said he could provide:
The EU will continue to lead by regulatory example as Cryptocurrency Markets regulation enters the next stages of implementation. European Supervisory Authorities will complete MiCA level 2 and 3 rules, which will provide final certainty on their regulatory provisions, from asset classifications to license applications, giving the industry the confidence to invest and grow sustainably across the entire single market.
More corporate actors in Asia Pacific will be involved!
Deputy General Manager of Ripple Asia Pacific (APAC)i Fiona Murray next year in your estimation He set out via his own region. Next year in the Asia Pacific region Stating that corporate adoption will increase, Murray added that cross-border payments will also benefit from blockchain technology:
As we move into 2024, we expect to see an increase in institutional adoption of cryptocurrencies by financial institutions, particularly in the APAC region. This includes greater use of cross-border payments between companies. Leading Web2 companies and legacy payment institutions are investing more resources than ever to integrate blockchain into their services. Almost half of APAC finance leaders expect blockchain to have a significant impact on business in the next 3 years.