CEO of Ripple has claimed that almost half of the top 20 banks could use cryptocurrencies in the year 2020.

CEO Brad Garlinghouse has predicted that in the next year 2020, half of the top twenty biggest banks in the world can trade and hold digital assets.

He had made this prediction in a recent post of Ripple insight released recently. Ripple CEO also said that many fiat currencies may become digital in the next year.

2020 will be the year of digital assets

It is expected that the next year 2020 will become the year of digital assets as the digital currencies are constantly evolving and will dominate the world in the next year.

CEO Brad further said that there is no need of 2000+ digital coins and there is a chance that many of the crypto communities would disappear.

According to him:

The world doesn’t need 2000+ digital assets. While I don’t think there will be one coin to rule them all, it’s clear that if an asset doesn’t have a proven use case beyond speculation, it is not going to survive.

Other Ripple Executives also share their views

Apart from Ripple’s CEO, other Ripple executives also shared their views in the blog post of Ripple Insight. SVP of customer success at Ripple Marcus Treacher said that travelers would easily spend their money with the help of cross-border payments. Marcus stated in the blog post:

If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!

Asheesh Birla who is the SVP of Product at Ripple pointed out that the mobile wallets will enter the blockchain and crypto industries in a big way.

While the SVP of Xpring, Ethan Beard claimed that at least one country will launch a Central Bank Digital Currency.