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Why Q3 Might Be the Game Changer for XRP

Ripple’s CEO, Brad Garlinghouse, was recently interviewed by Cory Johnson (Chief Market Strategist at Ripple) in an Ask Me Anything (AMA) session that was aired on Wednesday, August 22nd. In the AMA session, Brad and Cory discussed a lot about XRP, Ripple’s products, new employees at Ripple as well as the future of the cryptocurrency and blockchain industries across the globe. The full interview has been posted below for easy access.

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Q3 Could be the Game Changer for XRP

Of particular importance during the discussion, is when Cory Johnson asked Brad Garlinghouse about what his thoughts were with Wallstreet and institutional investors talking about how they want to get into the crypto space as well as the challenges they are facing with custody services for digital assets.

Brad is quoted as stating the following:

One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying and interest in holding XRP.

Further analyzing Brad’s comments, we can speculate that institutional investors are already buying XRP or plan on doing so in this third quarter of 2018. One question everyone is asking, is why the price of the digital asset has not gone up if these purchases are happening. The answer to this question could be that the Institutional investors are buying XRP Over The Counter (OTC) rather than through the regular crypto exchanges we are used to.

Brad would also add the following with regards to when more institutional investors will get into the space with more vigor.

I thought 2018 we would as an overall industry see more aggressive institutional participation. It has taken a bit longer. Now I would predict that 2019…the railroad tracks are being laid…You are seeing very interesting companies getting started to solve the institutional custody problem. That sets us up nicely for about the back half of 2018 and also 2019.

The institutional custody problems are being solved by firms such as Bakkt and Coinbase custody. According to Mr. Garlinghouse, there is a high possibility of blockchain startups solving more of these custody issues and then partnering or being acquired by Wallstreet firms. This is due to the fact that Wallstreet has a habit of first letting the startups solve a problem, then coming in with the ‘big money’ to fund expansion.

In conclusion, with Bitcoin (BTC) and the overall crypto markets showing signs of stability, Q3 might be the beginning of XRP being great in the markets once again. There is also the added factor of xRapid going live some time soon and further proving the utility of XRP as a source of instant liquidity for cross border transactions.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.


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Malta, Not South Korea, Is now the Leading Trader of XRP, says Ripple Exec. Cory Johnson

Cory Johnson is the Chief Market Strategist at Ripple and he joined the company back in March, 2018. Prior to Ripple, Mr. Johnson worked at Bloomberg TV primarily covering technology on both TV and Radio for Bloomberg. He is a former fund manager and his task at Ripple can be summarized as explaining the Ripple company and XRP to investors and the world at large.

Cory Johnson promised to do just that when he stated the following after joining Ripple:

I’m going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing.

It is therefore no surprise that Cory Johnson has tweeted that Malta is the new leading trader of XRP and not South Korea. The tweet can be found below:

Mr. Johnson was responding to an article that highlighted the four countries and territories of Malta, Bermuda, Gibraltar and Liechtenstein as being the most cryptocurrency friendly on the globe. In the article by Nathaniel Popper, he states that the officials in these countries have recently passed laws, or have legislation in the pipeline, to make their countries more welcoming to cryptocurrency companies and projects.

With respect to Cory Johnson’s quarterly market report for the 2nd quarter of 2018 (that was co-authored by Miguel Vias), it states that the Ripple company sold $73.53 Million in XRP during this time period. This amount accounted for 0.125% of the global XRP volume. This figure is welcome for such a low percentage means that the Ripple company has no intentions of flooding the markets with XRP. As a matter of fact – and in the same report – Ripple managed to release 3 Billion XRP from Escrow in Q2 and locking back 2.7 Billion XRP back to the same Escrow.

The report also noted that XRP has had a similar percentage decline to that of Bitcoin (BTC) during the same period. BTC declined by 8.2% in Q2 whereas XRP declined by 9%. Such stability in line to that of the King of Crypto, makes XRP suitable as a base pair in exchanges. Another option would be to have a good amount of your crypto portfolio in XRP to hedge against large price fluctuations during times of market turmoil.

The quarterly report also touched on the Coil project run by Stefan Thomas, Xpring and the entrance of large wallstreet firms into the crypto space. These companies include: Goldman Sachs, JP Morgan, Nasdaq, Fidelity and Nomura. The entrance of these firms into crypto is a clear indication of growing interest by institutional investors in the potential of digital assets.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.