CATO Summit: "Digital assets will play a key role in financial services" - Ripple (XRP) News. Thursday, September 13
Ripple XRP Cryptocurrency News
“Digital assets will play a key role in financial services”, Ripple’s rep said
Ryan Zagone, of Ripple, shared his thought at the CATO summit 2018
Director of Regulatory Relations at Ripple, Ryan Zagone, is convinced that cryptocurrencies and the blockchain technology in general are an essential element in the next evolutionary step for financial services.
At the CATO Institute’s Fintech Unbound summit held in San Francisco, California, Zagone took the opportunity to talk about crypto’s role in transforming and improving traditional financial services thanks to the blockchain technology. “We’re using blockchain and crypto in the cross-border payment sector,” said Zagone.
“When we look at cross-border payments [today], it’s very much a postal service experience. We drop our letter in the mailbox, we hope the postman delivers it, but we’re not sure exactly where it is. If there’s an error or mistake it is certainly hard to reverse that back.”
In regards to how the world is reacting towards these new fintechs, he said:
“[…] I agree that “Certainty” is the pre-requisite for adoption. [And] I think that what we are seeing now is a recognition that blockchain and crypto will play a key role in the next generation of infrastructure for financial services, and countries now recognizing this potential to be a leader there, so they can become a global capital finance.”
For Zagone, there has been a pivotal shift in the use-case, from the way people thought about Bitcoin and cryptocurrencies as substitute of fiat currency up until a year ago, to how retail and enterprise are seeing them as a way to connect fiat currency more efficiently.
This lines up with Ripple’s main view of blockchain technology: to connect banks, payment providers, digital asset exchanges and corporates via their own platform to provide a frictionless experience in cross-border payments.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
XRP Deep In Red As Battle With ETH For No.2 Spot Continues
XRP Price Still Dropping, $0.30 Possible
XRP Price Begins Soaring - Gets Back Above $0.35
XRP Price Hit The Least Among Top Cryptocurrencies
Margin Trading For Ripple (XRP) And Litecoin (LTC) Enabled In OKEx
XRP Price: Soaring By 16%, Ripple Bulls Looking Unstoppable
You need to login to create comments.