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Q3 2018 Game Changer for XRP: Garlinghouse said
Editorial Team

Brad Garlinghouse, Ripple’ CEO, was recently interviewed by Cory Johnson (Chief Market Strategist at Ripple) in an Ask Me Anything (AMA) session that was aired on Wednesday, August 22. In this session, the two executives discussed a lot about XRP, Ripple’s products, new employees at the company, the future of the cryptocurrency and Blockchain industries worldwide.

An important moment of the interview was when Johnson asked Garlinghouse about his opinion regarding the Wall Street and institutional investors’ talks about their entrance into the crypto market as well as the challenges they are facing with custody services for digital assets.

Brad Garlinghouse is quoted as stating the following:

“One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying and interest in holding XRP.”

Analyzing his comments, we could conclude that institutional investors are already buying XRP or plan on doing so in this third of 2018. However, everyone could wonder why the price of the digital asset has not gone up if these purchases are happening. A profound answer to this question would be that the institutional investors are purchasing XRP Over The Counter (OTC) rather than through the regular exchange-used process.

Brad also added:

“I thought 2018 we would as an overall industry see more aggressive institutional participation. It has taken a bit longer. Now I would predict that 2019…the railroad tracks are being laid…You are seeing very interesting companies getting started to solve the institutional custody problem. That sets us up nicely for about the back half of 2018 and also 2019.”

The institutional custody problems are being solved by firms such as Bakkt and Coinbase custody. According to Garlinghouse, it is very possible for Blockchain startups to solve many of these issues and then to partner or be acquired by Wall Street firms because Wall Street is used to let startups solve the problem and then to come in with the “big money” to fund expansion.

To sum up, with Bitcoin and the overall crypto markets showing signs of stability, the third quarter of 2018 might be the begging of XRP being great in the markets again. The going live of xRapid sometime soon could be a milestone that will prove the utility of XRP as a source of instant liquidity for cross-borderp transactions.