Ripple Says Tipping Point to Critical Mass Adoption of XRP and Crypto Assets Moving Closer

Ripple’s head of global institutional markets, Breanne Madigan, says that the institutional-grade infrastructure for crypto assets is well on its way to a tipping point: the moment when critical mass adoption in the financial markets will exponentially accelerate.

“XRP has boasted tremendous growth as a global payment asset in the last year or two… However, the growth potential of transformational technologies tends to unfold exponentially. Therefore, the markets tend to overestimate the impact in the short term, but underestimate it in the long run. As institutional-grade infrastructure continues to be built, and real-world problems are increasingly solved using digital assets like XRP, the tipping point to critical-mass adoption is constantly moving closer.”

Madigan’s outlook points to big players such as TD Ameritrade, JP Morgan and Fidelity as some of the major institutional names to ignite crypto’s next wave of participants and investors, and deliver new financial instruments such as futures and derivatives.

For now, digital asset markets are still catching up with the hype surrounding companies like Ripple that aim to transform the payments industry.

The real-time gross settlement firm is working to leverage its strategic investments and collaborations over the last two years to boost XRP’s growth as a global asset for executing near-instant, cross-border transactions.

US Treasury Secretary Steve Mnuchin, an outspoken critic of Bitcoin, is starting to see the benefits in the space. Writes Madigan,

“At the 2020 World Economic Forum, Secretary of the Treasury, Steve Mnuchin, referenced this progress. He spoke about the impact of digital assets: ‘There are benefits to cross-border payment systems in lowering costs for consumers and businesses. We absolutely support companies working on this.”

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