Ripple update: Feedback to Create Liquidity and Use XRP for it’s intended Purpose ASAP!
1- Target areas with a high migrant population maybe, 10 to 15 areas at first. This data should be pretty easy to get. I live in Northern Virginia outside of DC and my students who work, send money back home all the time and they complain about the high cost and how long it takes. (Side Note: This is why I purchased XRP it truly solves a problem)
2-Develop a simple app to buy XRP paired with USD and transfer XRP to Peso or whatever currency. This app should show how much XRP you are buying, the translation to USD, and the exchange rate to the new currency. I’m assuming on the technical side the XRP can be purchased with a BOT through various exchanges and settled at the end of the day.
3-Have a short video in Spanish or whatever language to explain step by step.
4-Incentivize convenient stores who already handle these transactions with being able to keep a small amount of XRP for each transaction, something that can actually increase in value the more people you “encourage” to use it. This is also where receivers can cash out. You can even have a corny phrase at the convenient store “TRANSFER MONEY WITH XRP AVALIABLE TO RELATIVE ASAP” ( That’s pretty awful but you get the point)
5-Promote on FB, TV, even sponsor a soccer team at a lower level.
Last, sit back and watch the volume and price skyrocket, while also, and businesses don’t usually get to say this but help the customer. Please let me know if this seems feasible to anyone. I’m willing to accept 50 percent of a partnership with anyone who wants to build the app.
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.
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