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“The deeper the liquidity pools, the faster we can get value in crypto” – Ripple’s Brooks Entwistle
Although institutions are becoming interested in cryptocurrencies, the financial services industry is far from widespread adoption. What would it take for this to happen? Or is the widespread adoption of cryptocurrencies still a decade away?
Much of the growing pains facing the digital asset industry now are part of the industry maturing and building for the long term.
However, before mass adoption becomes a reality, the crypto industry needs to address specific hurdles to give people the security they seek.
Speaking at Tearsheet’s inaugural Bankchain Conference 2022, Brooks Entwistle, SVP of Global Client Success and Managing Director for APAC and MENA at Ripple, explained how liquidity is one of the crucial factors in determining the health of a market. Low liquidity levels make it difficult to execute trades without causing a significant price impact – this is where companies like Ripple operate.
just look at the charts
1. The future of payments is open
|2. The fintech gender gap|
TD cardholders earn BNPL
TD Bank is launching TD Payment Plans, a new credit card feature available to eligible TD cardholders with EasyWeb online banking. Customers can make qualifying purchases of $100 or more in monthly matched payments, with term options of 6, 12 or 18 months (Finextra)
BofA expands cash management tool to US customers.
Bank of America is rolling out a new cash management tool for US-based clients, in a bid to gain market share in the $300 billion cash management business for multinational corporations (Reuters)
C2FO Introduces CashFlow+ Card to Streamline Bill Payments
C2FO, a platform for working capital, announced the launch of the C2FO CashFlow+ Card, a new option that allows companies to accelerate the payment of invoices without the discount that is normally required in exchange for early payment (PYMNTS)
Crypto winter descended on the industry just before Consensus 2022
Just weeks before 20,000 people flocked to Austin, Texas for the annual CoinDesk festival, the terraUSD stablecoin crashed, wiping out over $80 billion of the total crypto market capitalization and triggering a massive selloff (CoinDesk)
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