• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Understanding the Changing Role of Cryptocurrency in Finance

    Binance’s CZ Asserts Crypto’s Role in Improving Lives

    BlackRock CEO Predicts $500K Bitcoin Surge

    BlackRock CEO Predicts $500K Bitcoin Surge

    Metaplanet Launches US and Japan Subsidiaries Amid Market Volatility

    Metaplanet Launches New US, Japan Subsidiaries Amid Stock Volatility

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Next Technology's Major Bitcoin Acquisition Plans

    Next Technology Plans $500M Stock Sale to Buy Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Shiba Inu's Speculative Futures Listing Under Scrutiny

    Shiba Inu’s Speculative Futures Listing Under Scrutiny

    South Korea's BDACS Launches KRW-Backed Stablecoin KRW1

    South Korea’s BDACS Launches KRW-Backed Stablecoin KRW1

    SEC Streamlines Crypto ETF Listings

    SEC Approves New Standards for Crypto ETF Listings

    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ripple CEO Says Banks Will Hold Crypto Assets on Behalf of Their Customers

Solomon M. by Solomon M.
December 3, 2018
in Altcoin News, Ripple
brad

Ripple Chief Executive Officer Brad Garlinghouse believes that banks will start holding cryptocurrencies for their clients in 2019.

The cryptocurrency market was having the most negative month since November last year. The previous four weeks or so has seen Bitcoin shedding over 30% of its value. Despite the present crypto market meltdown, Garlinghouse believes digital currencies have a bright future.

“I think one of the things that will surprise us a year from now is that banks will be custody digital assets directly.

And I think right now, we think about that and think there’s no way that’s going to happen – they’re too conservative. And I think what you’re seeing is two things happening. One is, banks are seeing that a lot of money is being made by digital asset exchanges globally, and banks are profit motivated.

The second, and as we’ve talked about and Ross made very clear, is regulatory clarity and regulatory frameworks allow banks and financial institutions to lean into these markets.”

 

Speaking at the Singapore FinTech Festival 2018, Ripple CEO stated that financial institutions would foray into the crypto space in 2019 due to regulatory clarity. Banks will start to store digital assets like Ripple (XRP) on behalf of their customers.

“I also predict it will be banks in the ASEAN markets, where there is this regulatory clarity, and there is a lot of progressive, forward thinking. They will be the first to actually allow for crypto assets custody in their accounts.”

Garlinghouse said that members of the Association of South Eastern Asian Nations (ASEAN) would be the first financial institutions to offer cryptocurrency storage services. ASEAN is an international organization that comprises ten members. Founded in Bangkok Thailand in 1967, the financial body includes Singapore, Malaysia, the Philippines, Cambodia, Myanmar, Vietnam, Laos, and Brunei. It aims to promote cooperation and collaboration among member states.

Tags: ASEANCryptoCryptocurrencyGarlinghouseRippleRipple (XRP)
Previous Post

Ultimate Guide to Choosing an ICO to Invest In

Next Post

CryptoPanic Review: Is It the Best Crypto News Aggregator?

Solomon M.

Solomon M.

Related Posts

Shiba Inu's Speculative Futures Listing Under Scrutiny

Shiba Inu’s Speculative Futures Listing Under Scrutiny

by Solomon M.
September 18, 2025

Shiba Inu futures listing speculations lack key confirmations, prompting community inquiries and analysis.

South Korea's BDACS Launches KRW-Backed Stablecoin KRW1

South Korea’s BDACS Launches KRW-Backed Stablecoin KRW1

by Solomon M.
September 18, 2025

BDACS introduces KRW1, the first Korean won stablecoin on Avalanche, backed by Woori Bank.

SEC Streamlines Crypto ETF Listings

SEC Approves New Standards for Crypto ETF Listings

by Solomon M.
September 18, 2025

SEC finalizes standards for crypto ETF listings, expediting approvals for major altcoins.

Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

by Solomon M.
September 18, 2025

Bio Protocol raises $6.9M, led by Arthur Hayes' Maelstrom Fund, advancing AI-driven decentralized science.

Cardano Founder Engages in Key Crypto Regulation Meeting

Cardano Founder Engages in Key Crypto Regulation Meeting

by Solomon M.
September 17, 2025

Cardano's Charles Hoskinson joins U.S. Senate roundtable to discuss crypto regulations.

Wormhole Launches W Token Reserve and Revamps Tokenomics

Wormhole Launches W Token Reserve and Revamps Tokenomics

by Adriana M.
September 17, 2025

Wormhole unveils W token reserve, introducing revised tokenomics with a 4% base yield.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.