Ripple in 2018? ⚡️ CEO of Wyre Michael Dunworth offers his opinions on the coin’s future


So Ripple is I get it I know the team
we’ve got a great relationship we’ve got mutual investors had a pretty long
relationship with them as a company we were one of the first companies back in
2014 to actually put Ripple in the wallet so you can buy bitcoins, buy LiteCoins, buy Ripple with like the first multi-currency wallet at the time to
sort of include Ripple I think Ripple is going on a different route they’ve had a
bit of an identity crisis and it feels like now they’re coming to light in
terms of everyone’s sort of saying oh my god
Ripple is it’s gone up 100x I need to buy into it and they’re getting really
attracted by the price but I think it’s really important to look at the
fundamentals underneath Ripple so what is if everything gets taken away
who is gonna use Ripple and what are they using it for right now it feels
like it’s being capitalized on a ton with arbitrage for like the Korean
market so I think if you look at the top markets that are trading it I think
Korea is number one by up with a silver bullet but Ripple will get listed on a
bunch more exchanges and they’re gonna get a lot more partners integrate you
know Ripple into the exchanges which is a better approach a Ripple
originally said let’s create Ripple gateways all over the world and what
they were said to do is and this is you know two or three years ago that was the
idea of we won’t use the digital currency like bitcoin exchanges will
create our own gateways exchange basically that was a bad move but
they’ve come to light to say well we need to list Ripple or XRP on all these on
all these places so coming full circle I think Ripple I think this year a lot
of people are going to find out whether or not there’s big banks and all those
big headlines are actually using it to the best of my knowledge they have
captured a lot of mine share through like really good marketing headlines
like Santander did a test transfer to Barclays but then you’ve got the guy who
led the project at Santander say on a panel at a blockchain conference you
know two months ago say oh we did it but it was useless and you know how many of
those little soundbites are gonna come out where
people go oh this actually isn’t as exciting and you know people are
thinking of it like bank coin basically it’s the coin that all the banks are
gonna use. So you think it can replace Swift? It can but if you look at the
people that it’s competing against so it’s competing against Swift so Swift
has got their own digital currency initiatives and Ripple has got their own
but you’ve also got things like R3 which is a private consortium R3 if I’m trying
to replace Swift I am probably gonna want to get everyone on Swift on board
with me and then we’ll let’s all do a handshake in a room and say right we’re
overhauling our systems with a system upgrade to this new digital currency
version. R3 to me seems like they’re in a better position if that was the route to
go they’re probably in a better position
than Ripple to execute on that so I don’t think they will replace Swift not in 2018 they they will have a very hard time doing that or getting
close to doing that in my opinion

4 thoughts on “Ripple in 2018? ⚡️ CEO of Wyre Michael Dunworth offers his opinions on the coin’s future

  1. HOW MUCH DID THAT MAKE YOU
    1. if you believe what you just said you should for the greater good keep it to yourself . 2. if you honestly dont see what is taking place right now you need a new career.but i believe you fulfilled your part as expected, one would be a fool to think that the current format will remain. you must change!

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