Ripple Will Use XRP to Become the 'Microsoft of Crypto,' Says Investment Firm CEO

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Philip Nunn, CEO of Blackmore Group and Wealth Chain Group, is dubbing Ripple the “Microsoft of Crypto.”

I’ve never been a supporter of #ripple $xrp

But boy they are making some serious moves. And the fact I have issues with their offering are being put aside for now as they become so important in flying the #crypto #blockchain flag

They will be come the Microsoft of #crypto

— Phillip Nunn 🚀 (@PhillipNunnUK) October 2, 2018

Nunn expanded on the comparison in an interview with Business Cloud.

“I see a whole load of similarities to Microsoft’s place within the advent of the internet.

You can argue that Microsoft’s tech is substandard and that it’s clunky. Compared to say, Apple, it is nowhere near as innovative and up to the task. However, the genius of Bill Gates was the fact that he was early and timing was everything. Whilst others were focusing on product development, he was focusing on adoption. Windows, Excel and Word are the go-to-tool for every business.

The next wave of crypto is all about adoption. Those who crack that will succeed and those who don’t will fail. XRP and Ripple are getting into all the banks and positioning themselves.”

Nunn founded Blackmore in 2013. The firm specializes in wealth management, angel investment, commercial property investment and financial technology. His latest venture, Wealth Chain Capital, invests in crypto startups and runs a crypto index fund.