• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Ripple XRP

Ripple Execs Predict Increasing Utility As Key Driver For 2023

Jake Simmons
by Jake Simmons
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A few days ago, Ripple Labs’ Managing Director for Europe, Sendi Young, shared her predictions for 2023, as Bitcoinist reported. Now, in a new blog post, other Ripple executives have also shared what they expect for the future and made their projections.

In doing so, the executives agree that technological advancements and steady steps into the mainstream will help to make the negative headlines of 2022 a thing of the past.

The central buzzword of all Ripple employees is utility, whether in the realm of non-fungible tokens (NFTs) to central bank digital currencies (CBDCs) to sustainability – all subjects the San Francisco-based company is working on.

CBDCs, NFTs, And Institutional Adoption

In that respect, it’s no surprise that Senior Vice President of Engineering (SVP), Devraj Varadhan, predicts a general shift in the market from highly speculative companies to companies developing crypto solutions to solve real-world problems. Without putting the word Ripple in his mouth, it should be clear that Varadhan expects continued growth into the mainstream for his company.

Ripple also expects European countries outside the Eurozone to announce CBDC pilots in 2023. Alluding to its in-house solutions, James Wallis, vice president (VP) of central bank engagements, predicts that in 2023, countries around the world will launch more CBDC pilot programs, “with an emphasis on interoperable CBDC solutions that enhance cross-border payments.”

Related Reading: Palau Stablecoin: Island Nation Goes Digital With Help From Ripple Labs

Ripple CTO Schwartz foresees a second wave of NFTs moving beyond digital artworks and driving real-world use cases such as real estate and carbon markets. According to him, these types of applications will enable efficiency and transparency in ownership.

In addition, Brooks Entwistle, SVP and Managing Director for APAC, and Sendi Young expect more unsustainable crypto companies to be weeded out similar to the “dotcom bubble.” In the long term, however, they predict the adoption of crypto solutions due to the potential gains in efficiency, transparency, and speed – possibly including XRP.

Banks and other large financial institutions will invest in new technologies with an expectation of realizing the benefits not in days and weeks, but in years, so we see the embrace of digital assets and blockchain continuing throughout 2023 and beyond.

Ken Weber, VP of Impact, forecasts that large non-governmental organizations (NGOs) will begin to integrate cryptocurrencies into their programs. This will happen because cryptocurrencies work better as a cross-border payment mechanism than traditional corridors.

Related Reading: Ripple, SEC File Responses As Fight Over Hinman Docs Continues

A huge contribution can be made by cryptocurrencies, and XRP in particular, in the fight against climate change. Ripple has made a $100-million commitment to scaling voluntary carbon markets. According to Weber, this momentum will continue in 2023, with carbon markets emerging as a “clear use case.”

The Battle Of Ripple Vs. The SEC

Ripple also commented on the most vexing issue for the company. Stuart Alderoty, General Counsel, predicts that the decision in the court case against the SEC will come in the first half of 2023 – “and one that’s favorable to Ripple.”

Alderoty believes this will be the catalyst needed to propel the crypto industry forward in the U.S. He said:

We’ve fought this case on behalf of the entire crypto industry and American innovation so we can gain the regulatory clarity we desperately need for crypto innovation to flourish in the United States.

At press time, the XRP price stood at $0.3638 and experienced a major breakout beyond the $0.3560 resistance in the 1-day chart yesterday.

Ripple XRP USD
XRP price slicing through major resistance, 1-day chart | Source: XRPUSD on TradingView.com

Featured image from iStock, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Ripple

Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major Blow To XRP

3 days ago
Ripple

Ripple Swell 2025 Is Almost Here: Here’s What To Expect From The Event

1 week ago
Ripple

Pundit Says Ripple Is The New SWIFT — Here’s What Is Driving It

1 week ago
Ripple

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

2 weeks ago
Ripple

Did This Federal Reserve Announcement Just Put Ripple In The Ranks Of SWIFT And BRICS?

2 weeks ago
XRP

Ripple’s RLUSD Takes Center Stage As NYSE-Listed Company Moves $1.5B Through XRP Ledger

2 weeks ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    15 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    16 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    19 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    2 days ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

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