Ken Omega

bridgecurrency

by Ken Omega

Have you noticed that ever since Ripple (and their token, XRP) started cooperating with Big Banks and Governments all over the world, the establishment's view on cryptocurrency has changed?

No other company or coin has been able to sway the mood toward cryptocurrency / blockchain transactions like Ripple.

The song that the naysayers sing is all about 'Ripple basically selling out or lying down'. But think about it, no matter how loud you sing that song, NOTHING is going to happen with crypto en masse, unless “the powers that be” are comfortable that their position is not threatened.

Sure. You could argue that sans a regulatory environment, crypto users have more privacy. That may be the case. However, in such an environment, crypto will never gain mass adoption. And it will remain a platform for techies only. Big Banks (and Warren Buffet) have a loud voice. When they say “Rat Poison”, you and I may shake our heads. But the reality however, is that the vast majority of people (the masses) will take their word for it. Especially seniors and those soon to retire, who often have an old-school mindset to begin with. So by taking on the challenge of trying to help governments and banks strike an effective balance between regulation and utility (peoples willingness to use crypto), Ripple is actually doing the crypto community a huge favor.

Without a regulatory framework in place – one that can be agreed upon by governments and financial institutions worldwide, neither cryptocurrency as a whole, nor XRP in specific will see the type of adoption necessary to cause a mass adoption effect that will make cryptocurrency a ubiquitous concept. Short version: No ubiquity, no price increase.

So if you want to see the price of XRP go to the moon, then you should be in favor of regulation. And you should also know that whether you are in favor of crypto regulation or not, the simple fact of the matter is, it will happen. In fact it is already underway. And you should be making preparations to have your crypto properly situated when regulations are finally in place. Translation: Get a Nano Ledger, and transfer your crypto off of exchanges NOW!

Lastly, the part Ripple is playing to make cryptocurrency regulations equitable for both sides – the Establishment and the Masses, is more than significant. It's everything. Who else is doing what they're doing?! Shout to Ripple and especially Ripple CEO, Brad Garlinghouse. Thanks for all your hard work!

#xrp #ripple #cryptocurrency #regulations #crossborderpayments #ondemandliquidity #mobilepayments

#blockchain #comingsoon #oneworldcurrency #bridgecurrency

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