Expect Banks to Jump on the Cryptocurrency wagon in 2019 XRP - Ripple VS Competition
With more emerging markets than ever before today banks are at full capacity with most of their abilities to provide innovative solutions for money transfers. Liquidity can be an issue as well as fees and inconvenient timing arrangements may even prevent you from getting your money when you need it most. "Your Money" << Just wanted to reiterate !
Ripple is one of the fastest, most private and secure financial solutions available to consumers today. Not only can xCurrent provide a service to individuals, but can provide many more solutions on a larger scale to many banks and financial institutions.
“We are proud to be the first bank in Asia to use Ripples leading blockchain network solution to power real-time payments for our customers, whose families oftentimes depend on the availability of these funds for basic needs – time is of the essence to them”
Dr. Arak Sutivong, chief strategy officer, SCB
I often hear people referring to crypto currency and crypto programs to be volatile and untrustworthy. For instance where is the regulatory certainty in which this currency operates? Which I find surprising that this new form of exchange can cause such a scare to our already “so secure” financial industry. If you have ever followed the US Dollar $ you obviously know that markets can shift, and the USD can easily be inflated simply by the government printing more of it!
If this is the case, then why not give this new currency a chance? A chance for change.
Otherwise what we’re left with are people too afraid to reach beyond their comfort zones. People willing to pay extra fees and taxes, not because they understand them, but because it’s what’s been done time and time again and has never been questioned.
Ripple will be successful in its future.
Competitors
Western Union
Can take up to 7 days
International Fees
PayPal
Not always immediate
International fees from ½% to 3 % depending on the border charge.
Congratulations @currentwave! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Brazil vs Belgium
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
No Way! Ripple is virtually worthless (pardon the pun). And I mean that the token is....
And don't even get me started on how they were able to wriggle their way out of the SEC's crosshairs by claiming that they are not a security. Can anyone provide some logic behind this? Ripple doe not pass the HOWEY test!
I appreciate your report, but let's call this what it really is: Financial Technology (Software) that operates it's own ledger and allows Big Box Banks to easily transition into Crypto from Fiat.
So yeah, maybe there is some benefit to their software, but they are not going to be able to sustain this whole Ripple Moon Party (free domain idea, and I bet by the time you read this it has already been registered at 1&1.
Do some digging, and you will find out how the former Ripple CEO was ousted and replaced by the more charming Garland who is cuddling up with the likes of Jamie Dimon and Big Box Banks like JPMorganChase.