Ripple's Success Not Dependent on Winning Over Entire Market
A former BlackRock Managing Director believes that Ripple's cross-border payments infrastructure will eventually succeed despite divided opinions. Speaking on the UK Crypto Podcast, he argued that institutional adoption doesn't require everyone to be on board.
The executive, who is now a Managing Director and UK Lead at 21Shares, pointed out that opinions on XRP tend to fall into extremes, with some having 'total conviction' it will dominate institutional payments or others dismissing it outright. However, he believes that Ripple's success doesn't hinge on winning over the entire market.
The key to Ripple's growth, according to him, lies in continued adoption from major institutions already moving in this direction. He noted that when big credit card companies or firms adopt and use Ripple, its growth becomes 'inevitable.'