Warren believes that cryptocurrencies will be more beneficial to younger generations than baby boomers. She said that these young people who will do a lot of spending will use cryptocurrencies as an investment vehicle.
A new wave of innovation is coming and cryptocurrencies will be in the middle. Ripple will play a key role in this technological wave since it is the ultimate blockchain for financial inclusion and wealth creation.
In other news, the XRP token has failed to gain bullish momentum and has now fallen to the $0.23 level after hovering above $0.24 for days. At the time of writing, the price of the token was $0.238038. This means that it is down by 4.54% against the USD and down by 1.55% against Bitcoin BTC. The trading volume over a 24 hour period was $2,317,159,478 and the market capitalization was $10,721,776,708.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.
- Ripple and Other Cryptocurrencies Get Thumbs up From World Economic Forum (WEF)
- Ripple XRP Token Declines Below the $0.24 Level Testing $0.23
Ripple has made a strong impression over the years as one of the leaders in the digital currency and blockchain industry. The firm has been well received by several leaders in the global financial institution including the World Bank and IMF.
The most recent thumbs up Ripple got was from the World Economic Forum (WEF). A representative of the WEF was invited to offer a keynote address at the Ripple Swell conference. The executive, Sheila Warren, had many great things to say about cryptocurrencies other than Ripple.
WEF Executive to Give a Keynote Address During the Ripple Swell Conference
During an interview for the Voice of Woman, Sheila Warren, the Head of Blockchain Data and Digital Assets in the WEF predicted that cryptocurrencies are among the new technologies that will play a vital part in society in the future. However, Warren said that media coverage for Ripple and other cryptocurrencies will stop when global adoption is reached in the future. She compared it to the Internet.
People now take the internet for granted because it is available and accessible in almost every part of the world but it wasn’t always like this. During the early stages of its existence, the internet was the talk of the town. Every media outlet talked about the internet and how it was going to change the world. A lack of media coverage after mass adoption isn’t necessarily a bad thing. It simply means more than enough people know about technology.
In her words;
“What cryptocurrencies do is enable peer to peer engagement around money. Just like the Internet-enabled us to share content very quickly with people all over the world, seamlessly, frictionlessly, and at a fraction of the cost … the same thing can be true of money and you can imagine the world in which we could engage in a direct seamless transaction with any individual with a digital wallet, anywhere in the world, and at any point in time… and what that might empower”.
