Ripple’s Monica Long Predicts Institutional Adoption Spike, Decentralized Compliance in 2024
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Ripple’s president has predicted a significant moment for cryptocurrency in 2024, foreseeing increased institutional adoption for practical use. She stressed the importance of developing compliance tools within a decentralized framework, considering it the next frontier for innovation in blockchain.
Ripple’s president has shared her crypto predictions, stating that 2024 could mark “the breakout moment where institutional adoption for real-world utility takes off.”https://t.co/ZtZDf3vUCt
— Michael Branch (@Michael63140627) December 21, 2023
This indicates a shift toward integrating cryptocurrencies into real-world applications, potentially expanding their utility beyond speculative trading. The focus on compliance suggests a recognition of the need for regulatory alignment to foster broader acceptance and trust in the evolving crypto landscape.
Thus, Ripple’s president’s prediction of increased institutional adoption and emphasizing decentralized compliance tools suggests a positive shift toward practical cryptocurrency use. This may boost market confidence, fostering broader acceptance and utilization beyond speculative trading.
Monica Long’s Crypto and Blockchain Predictions for the Next 12 Months
Ripple’s president, Monica Long, shared predictions for the next year in crypto and blockchain on social media. She mentioned big financial players like Fidelity, Blackrock, Paypal, and Visa getting into crypto. Long believes blockchain and banks can work well together, saying blockchain won’t replace banks but create a good partnership.
BOOOOOOM!! 👀👀👀👀👀👀#RIPPLE PRESIDENT DROPS A BOMBSHELL:
"We reached the tipping point for crypto to be recognized as mainstream. The breakout point can be 2024 as long as we proceed with a compliance-first mindset"
2024 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
— Crypto🆇🅳🅲Ready || #XDCFAM (@CryptoReady11) December 21, 2023
She sees it like a “happy marriage,” where blockchain helps with quick, low-cost payments across borders, benefiting both businesses and customers. Long thinks crypto can be super useful for institutions, making financial transactions smoother.
Ripple’s Monica Long said companies like crypto’s perks but want it easy for everyone, not just experts. She thinks a crypto revolution can’t rely on people managing their money and secret keys. Even though more people know about crypto now, the big moment for companies using it is still coming. Long thinks 2024 could be the turning point if the industry focuses on following rules first and makes easy-to-use solutions for more people and businesses to join in.
Monica Long Envisions Crypto’s Practical Future in 2024 with Decentralized Finance Focus
Monica Long from Ripple talked about the future of crypto in 2024, expecting less hype and more real-world use. She sees the industry working on being useful in everyday life by fixing things like rules, ease of use, and fitting into existing systems. Long thinks there will be a big step forward in 2024, especially in decentralized finance, where following rules will be key.
By concentrating on useful uses and dealing with rules, the industry wants to move past unpredictable market swings and bring in a more steady and practical era for cryptocurrencies.
Ripple’s President Advocates for Compliance-First Approach in Crypto’s ‘Winter’
Ripple’s president sees the current ‘crypto winter’ as an opportune time for serious builders to address real-world issues in financial infrastructure with blockchain. Emphasizing compliance and transparency, she insists that by 2024, the industry should prioritize compliance first, rebuilding trust lost due to past setbacks.
The executive underscores the need for decentralized compliance tools, considering it the next frontier in blockchain innovation. Notably, other Ripple leaders, like Chief Legal Officer Stuart Alderoty and Senior Vice President Drien Treccani, have also shared their 2024 crypto predictions, alongside insights from firms like Bitwise and Vaneck.
Therefore, Ripple’s president’s emphasis on compliance and transparency during the crypto winter could lead to renewed trust in the industry by 2024. The focus on decentralized compliance tools may drive innovation and positively impact the crypto market.
