Ripple update: CrossBorder for Banks. What about Domestic for People?
Has Ripple thought of exploring domestic settlements rather than just cross border? How would you describe a future where Ripple directly disrupts Western Union and/or other preditorial currency exchanges. Has Ripple thought of creating their own bank or payment processing firm? **How can Ripple gain practical use?** *Rather than investors hoping banks utilize Ripple*, how can Ripple and/or XRP’s future be directly impacted by *daily, retail level consumers*. Not just Ripple being accepted at Starbucks per say, **but can I send USD to a friend in New York from California on Ripple’s Network**, **can I convert USD to GBP to a friend at an affordable conversion rate on the Ripple Network**, can I convert USD to MXP just because I favor Peso’s as a macro level investment? Ripple would then have to be a currency exchange, bank, custodian, regulated and insured, correct? This sort of talk gets me thinking. Does partnering with banking and payment processing companies add liquidity to provide such products in the future?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: MrInfluencer
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