{"id":125232,"date":"2018-04-16T07:35:23","date_gmt":"2018-04-16T11:35:23","guid":{"rendered":"http:\/\/countingpips.com\/?p=125232"},"modified":"2018-06-01T15:40:52","modified_gmt":"2018-06-01T15:40:52","slug":"ripple-not-bitcoin-will-convert-crypto-cynics","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/ripple-not-bitcoin-will-convert-crypto-cynics\/","title":{"rendered":"Ripple, not Bitcoin, will convert crypto cynics"},"content":{"rendered":"
April 16, 2018<\/div>
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By George Prior<\/strong><\/p>\n

Ripple can be expected to \u201cconvert the remaining crypto cynics,\u201d affirms the boss of one of the world\u2019s largest independent financial services organizations.<\/p>\n

The prediction from Nigel Green, the founder and CEO of deVere Group, comes as Ripple (XRP) experienced a spike last week, adding another $62bn to its market value.\u00a0 The cryptocurrency also broke some key resistance, such as\u00a0 $0.6500 and $0.6600, nudging it towards the important $0.7000 level against the dollar.<\/p>\n

Mr Green, whose firm launched the pioneering crypto exchange app, deVere Crypto, this year, says: \u201cAfter the cryptocurrency market somewhat overheated at the end of 2017 \u2013 thanks largely to investors piling in, pushing Bitcoin to an all-time high of more than $19,000 \u2013 there was a major, natural price correction in the first quarter of this year of most of the major cryptocurrencies.<\/p>\n

\u201cBut the cryptocurrency market is, once again, now looking already significantly more bullish than it did in Quarter 1.\u201d<\/p>\n

He continues: \u201cThis 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.<\/p>

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\u201cAlso there is now huge awareness that blockchain, the technology that underpins the likes of Bitcoin and Ripple, is likely to be the world\u2019s next major disruptive technology.\u201d<\/p>\n

Mr Green goes on to assert:\u00a0 \u201cCryptocurrencies are now really coming into the mainstream. But there are still some critics of the crypto revolution.\u00a0 However, I believe that Ripple (XRP) can be expected to convert the remaining crypto cynics.<\/p>\n

\u201cThis is primarily due to Ripple\u2019s apparent emphasis on integrating with banks and other financial institutions.<\/p>\n

\u201cFor 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.\u00a0 It is also reported to be in talks with other major global banks and money transfer groups to develop similar products.\u201d<\/p>\n

He adds: \u201cHowever, cryptocurrencies remain highly determined by market sentiment, and caution must be exercised\u00a0and professional advice should be sought.\u201d<\/p>\n

The deVere CEO concludes: \u201cBy 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.\u201d<\/p>\n

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deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

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By George Prior Ripple can be expected to \u201cconvert the remaining crypto cynics,\u201d affirms the boss of one of the world\u2019s largest independent financial services organizations. The prediction from Nigel Green, the founder and CEO of deVere Group, comes as Ripple (XRP) experienced a spike last week, adding another $62bn to its market value.\u00a0 The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-125232","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=125232"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125232\/revisions"}],"predecessor-version":[{"id":125233,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125232\/revisions\/125233"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}