Bloomberg is reporting that several Wall Street banks are pulling out of crypto. Not everybody though, Intercontinental Exchange (parent company of the New York Stock Exchange) and Fidelity are still taking strong steps forward.
Infrastructure is emerging as the key element of success here. Infrastructure and a strong use case. XRP is way ahead of most coins in that regard. Other coins are trying to invent new business models, but XRP is being used by Ripple and R3 to improve an existing business model. XRP is also being used by Omni and Coil as a currency replacement, but that’s a much smaller portion of the demand for XRP.
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