5 Biggest Cryptocurrency Predictions in 2021

3. Hesham Elsafty, Group Head for Financial Institutions and International Financial Services at National Bank of Egypt

Prediction: Ripple Will Improve Efficiency, Establish New Market Alliances    

Hesham Elsafty is the Group Head for Financial Institutions and International Financial Services at National Bank of Egypt, which has invested in the Ripple cryptocurrency, one of the most popular crypto offerings in the world that was developed by Ripple Labs, a payment protocol that is aiming to be as big as PayPal Holdings, Inc. (NASDAQ: PYPL).

Just as PayPal Holdings, Inc. (NASDAQ: PYPL) makes it easier to process cross border transactions, Ripple has established relations with the Egyptian bank by marketing the same service at even lower fees. While announcing the partnership in May, Elsafty elaborated how Egypt, one of the top five countries that received remittances from abroad, would benefit. 

Elsafty said the partnership with Ripple would help to improve overall efficiency by enabling NBE to establish new alliances across wider markets with reduced cost and quicker integration time. Perhaps anticipating this, PayPal Holdings, Inc. (NASDAQ: PYPL) recently also allowed users to checkout with crypto on its platforms.