Ripple posted today that Ripple leadership expects blockchain and cryptocurrency innovation to continue to accelerate for a year. Asheesh Birla, general manager of RippleNet, said that the boundaries between cryptocurrency and banking are blurring, which provides opportunities for more flexible fintech companies. They can use cryptocurrency to erode the market share of other existing banks that are larger and slower. Birla expects that the use of cryptocurrencies and simplified financial technology supervision will help more financial technology companies to compete fairly with banks in 2021. Besides, Ripple's general counsel Stu Alderoty predicts that for the Biden team, who understands the impact of encryption regulation on innovation in the public and private sectors, encryption regulation will be their top priority. This will bring a unified framework and streamlined application process to fintech companies seeking encryption licenses.