Which cryptocurrency will convert the remaining crypto cynics and bring them onboard? The founder of one of the world’s largest independent financial services organization has backed Ripple over Bitcoin. Nigel Green, the founder and CEO of deVere Group views Ripple as the cryptocurrency that can lead the crypto revolution as digital currencies go mainstream.
“Cryptocurrencies are now really coming into the mainstream. But there are still some critics of the crypto revolution. However, I believe that Ripple (XRP) can be expected to convert the remaining crypto cynics.”
The endorsement comes at a crucial time for Ripple which has been one of the biggest losers in market value since the year began. Ripple has shed over 70% of its value, but it has started rallying back gradually.
Nigel views Ripple’s continued partnership with major banks as one of the main contributors to its attractiveness to investors. These partnerships have highlighted Ripple’s network as among the most reliable, fast and secure decentralized ledgers on the market.
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“Cryptocurrencies are now really coming into the mainstream. But there are still some critics of the crypto revolution. However, I believe that Ripple (XRP) can be expected to convert the remaining crypto cynics. This is primarily due to Ripple’s apparent emphasis on integrating with banks and other financial institutions. For 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. It is also reported to be in talks with other major global banks and money transfer groups to develop similar products.”
deVere Group is an independent financial consultancy established in 2002. It has over 80,000 clients in more than 100 countries and has over $10 billion under advice and administration. Earlier this year, it launched deVere Crypto, a cryptocurrency trading platform that lets its users exchange their fiat currencies for Bitcoin and other altcoins such as XRP, Ether and Litecoins.