Ripple Predicts a Major US Retailer to Accept Crypto in 2024

Ripple’s vice president of global policy has made a bold prediction, stating that a major US retailer will start accepting cryptocurrency as a form of payment before the end of 2024. With the positive sentiment surrounding the crypto market as we enter the new year, many are expecting cryptocurrencies to gain mainstream adoption in the coming year, especially with the launch of spot Bitcoin ETFs. Rob Grant, Ripple’s VP of global policy, shares this optimism and believes that the retail sector will play a significant role in driving crypto adoption. While the specific retailer wasn’t mentioned, if this prediction comes true, it would be a significant milestone for cryptocurrencies, as it would showcase their potential beyond speculative investment and highlight their usability for everyday payments. Ripple, known for its global payment facilitation using XRP, could potentially be involved in these partnerships, further cementing the legitimacy of the cryptocurrency. Additionally, Grant also predicts the emergence of central bank-backed digital currencies (CBDCs) in 2024, with a G7 country taking the lead in introducing a CBDC. This development would mark a new era in government-backed currencies and further validate the importance of blockchain technology.