deVere: Ripple is the Coin of the Future, Not Bitcoin
April 17, 2018
As the head of the world’s major independent financial organization states, Ripple is likely to “convert the remaining crypto cynics”.
Nigel Green, founder and CEO of deVere Group, voiced his prediction soon after Ripple (XRP) made a price spike last week and got $62 bln plus in market value. The cryptocurrency has also broken through key resistance of $0.6500 and $0.6600 thus having reached $0.7000.
The company has launched innovative crypto exchange app deVere Crypto this year, so Green says:
“After the cryptocurrency market somewhat overheated at the end of 2017 – thanks largely to investors piling in, pushing Bitcoin to an all-time high of more than $19,000 – there was a major, natural price correction in the first quarter of this year of most of the major cryptocurrencies. But the cryptocurrency market is, once again, now looking already significantly more bullish than it did in Quarter 1.”
On top of it Green continues:
“This latest upward crypto market trajectory can be attributed to the fact that institutional and retail investors are increasingly appreciating the fundamentals, such as the need and demand for digital currencies in a digitalized, tech-driven age.
“This is primarily due to Ripple’s apparent emphasis on integrating with banks and other financial institutions.
“For instance, banking giant Santander has recently launched a foreign exchange service that uses blockchain technology developed by Ripple to make same-day international money transfers. It is also reported to be in talks with other major global banks and money transfer groups to develop similar products.”
Meanwhile he notes:
“However, cryptocurrencies remain highly determined by market sentiment, and caution must be exercised and professional advice should be sought.”
So the deVere’s CEO comes to a conclusion:
“By focusing its development strategy in this way, Ripple is likely to help change the perception of crypto, expand its own value, and co-lead the ongoing shift in the way the world uses, manages, accesses, stores and exchanges money.”