Ripple CEO: Only 1% of Today’s Cryptocurrencies Will Survive
Helen Partz's original article for cointelegraph.com reduced by 46%
As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too many crypto projects, says Garlinghouse. In an interview with Bloomberg released Nov.
5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to stay. In the interview, Garlinghouse has also criticized the Society for Worldwide Interbank Financial Telecommunications' so-called "Transaction volatility," elaborating that such phenomenon means a "Calculation of time and volatility." Citing a recent article posted by Ripple on XRP's enhanced volatility exposure, Garlinghouse argued that the XRP token has "1/10th the volatility exposure of a typical fiat SWIFT payment." In July 2019, SWIFT announced a successful trial of instant cross-border transfers in Asia, claiming that the instant payment pilot performed payments taking up to 25 seconds, with the fastest taking 13 seconds. The tests involved interaction between SWIFT's Global Payments Innovation instant payment platform and Singapore's domestic instant payments solution FAST.
As previously reported, SWIFT will allow distributed ledger technology firms to use its GPI platform.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.