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The cryptocurrency industry endured intensely negative events during 2022, but many of these were a result of macroeconomic pressure. Ripple is hopeful and resolute as it moves into 2023; the company believes that all the hardship experienced last year has made the market stronger than ever. Recently, Ripple shared its expectations for what to expect in this next year on Twitter – and they are optimistic! With their blockchain-based payment services, Ripple looks forward to seeing how 2023 will lead to new heights for digital currencies around the world.
Ripple Thinks that The Adaptation of Digital Currencies Will Accelerate
Ripple has strong hopes for 2023, predicting that central banks may begin experimenting with cryptocurrencies as part of global payments. Ripple is passionate about digital currencies and is eager to provide its expertise in payment systems to support any centralized bank initiatives. Montenegro recently made a significant step forward by beginning the development of their stablecoin pilot with Ripple’s help in creating an all-encompassing digital payments system.
The NFT Industry Might be Popular Again
Ripple leaders additionally anticipate a resurgence in the NFT market, which experienced a decrease in popularity throughout 2022. Ripple’s Chief Technology Officer David Schwartz stated that digital collections taking on the form of NFTs would remain to grow steadily within the carbon and property markets moving forward.
Ripple Hopeful About Growth in Demand
Ripple is anticipating that companies will continue to adopt cryptocurrencies in 2023, even with the issues faced in 2022. Though executives have expressed their concerns about a possible liquidity crisis persisting this year, they also anticipate an uptick in businesses going bankrupt this year too.
On the other hand, Ripple thinks that a significant breakthrough in global cryptocurrency and blockchain education can be achieved in 2023. Noting that the shortage of trained personnel is quite high in the rapidly growing industry, Ripple officials believe that in this context, universities worldwide will increase their education in the field of cryptocurrency and Blockchain technology.
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