Ripple wants to enter in DeFi sector, within the next 5 years

Ripple wants to enter in DeFi sector, within the next 5 years

David Schwartz, Ripple’s CTO, revealed Ripple’s plans, including joining the DeFi industry, in an interview with BlockDown TV.

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19 Jul 2020 , 19:11 @ Matey Salt

Ripple wants to enter in DeFi sector, within the next 5 years

David Schwartz, Ripple’s CTO, revealed Ripple’s plans, including joining the DeFi industry, in an interview with BlockDown TV.

David said:

We’re also looking into offering other services through RippleNet – things like loans, or maybe even if DeFi grows, offering DeFi services to institutional partners.

One of the unique things that Ripple has is we have our software in the transaction flow of all these financial institutions and banks, so we can develop some new product or services, or even something that comes from the DeFi space, and we can offer it immediately right into the transaction flow of those institutions.

In the interview, David did not forget to emphasize the growing interest in the crypto industry and compares it to the beginnings of the Internet era, and it is the current situation that leads the company to constant progress and growth.

Check out the interview:

Read also: Bitso along with Ripple and Coinbase, managed to subdue the Latin crypto market in just 6 months since its launch

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