Crypto industry bought by its worst enemy? Ripple Predictions for 2023

I see, I see… – Predicting the future, especially in the field of crypto, is not easy. Who could have seen an eye cataclysm FTX who rocked the cryptosphere last november? However, this is the exercise that Sendi Young, general manager of Ripple in Europe, has been lent to. In this article, we detail all the hypotheses!

Is traditional finance paying attention to crypto?

After a particularly tumultuous 2022, everyone tries their predictions for 2023. The end of the bear market? Strong return of NFT and the metaverse? Google search engine replaced by artificial intelligence ChatGPT? In short, there is something for everyone. In this complex guessing exercise, The Young thingresponsible for the European branch of Rippleit is also tried on January 9 to withdraw crypto-cards.

Sendi Young, director of Ripple Europe, shares her predictions for 2023 – Source: Twitter

First, she remains quite optimistic about the development of the sector, despite recent concerns and the downturn caused by the current bull market. L’institutional adoption of blockchain technologies should be accelerated with the launch of pilot initiatives on the ground.

Stronger companies must take advantage of the weakness of their competitors to buy them at a lower price. Using actually in a minefield of multiple bankruptcies 2022 with FTX, centigrade, To travel AND 3 AC.

“We should also see a trend of increasing acquisitions of crypto companies by traditional finance and other large companies from quite different sectors.”

Attracted by this innovative and promising sector, it would not be surprising if some companies would like to set their marbles there. Until recently, the crypto sector was viewed with disdain and mistrust. But as so often in the history of technological revolutions, no one wants to be the first…or the last.

However, the ambitions of the traditional financial sector may be different. In the sense that it will be more of a matter of starting a quest to master the crypto sector, this pesky competitor that attract capital and investments.

The crypto sector attracts investment thanks to its promising technology, and traditional finance aims to take its share of the cake.
Traditional finance ready to put its two cents in the crypto sector?

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Forecast 2023: it can swing!

In times of energy shortages and when the ecological issue is becoming more and more present, eco-responsible blockchains will probably be put in the spotlight. Ethereum as standard bearer after the Union. The solutions of tokenization of carbon credits there should also be the pride of the country.

The year 2023 will also be the year of the implementation of various regulations, such as Mika. But also that of progress in the framework of Digital Central Bank Coins (MNBC) about which there is a lot to talk about. They will face a serious competitor, stable currencythese cryptocurrencies are indexed to the exchange rate of fiat currencies such as the dollar or, more anecdotally, the euro.

“Financial institutions will soon realize the benefits that blockchain technology brings in implementing instant interbank transfers. [et peu coûteux]. »

In our digital world, the instant speed of money transfers is still not important, contrary to what one might think. This remained simply impossible until recently. All this may soon change with blockchain technology and the emergence of stablecoins.

Therefore, a lot of turmoil will come in 2023. A strengthening of the fundamentals that will probably make it possible to clean up the crypto sector. And, to mourn a particularly complicated year 2022, but necessary to separate the wheat from the chaff. And start again, we hope in 2024 for the upcoming bitcoin halving.

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