The general manager of Ripple Labs in Europe made a series of publications on Twitter this January 9, 2023. During her speech, Sendi Young especially mentioned the 2022 milestones. According to her, last year was “monumentalfor the cryptosphere. Young stressed the fact that there have been not only ups, but also downs, throughout 2022. He then made some remarkable predictions for this new year.
Institutional adoption and consolidation of cryptocurrencies
Sendi Young made major announcements about crypto and blockchain technology on January 9th. She started it Twitter feeds acknowledging:It’s a difficult industry to predict“. Then he explained:Despite the market slowdown, institutional adoption of blockchain and cryptocurrencies will accelerate as companies launch pilot projects and continue to study the technology“.
Young also thinks we could expect some consolidation in the cryptocurrency industry over the next 12 months. Ripple’s European CEO says the industry will consolidate through healthy societies. Indeed, he believes the latter will make further acquisitions in the new sector. They will need blockchain technology to fill the gaps in their current systems.
“We will also see an increasing trend of acquisitions of cryptocurrency and blockchain companies by traditional financial services operators, as well as established companies from other sectors.Young said.
2023: a more sustainable year!
Young spoke about an important point his company usually makes when talking about the negative aspects of Bitcoin. it is about sustainability cryptocurrencies and blockchains. The director indicated that the authorities will increasingly take into account the sustainability credentials of companies in the sector.
She clarified:Greater sustainability will be achieved with energy-efficient blockchains and blockchain-based solutions, for example the tokenization of carbon credits“.
Sendi Young did not fail to mention CBDCs, one of Ripple’s favorite topics. He argues that central bank digital currencies”will ripen“ This year. He believes countries will want to adopt “a trusted digital settlement asset as a secure alternative to other cryptographic solutions“.
Receive a round-up of the news in the world of cryptocurrencies by subscribing to our new service daily and weekly so you don’t miss any of the indispensable Cointribunes!
Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.