Ripple update: Ripple’s goals and the year 2030 – a key date
I just read this article on Ripple’s Insight’s section – the most important excerpt for me is below and the key date revealed is the year 2030. I believe this is the date that I would be willing to wait for Ripple/XRP to realise its full potential in regards to remittance payments, internet of value etc…thoughts?
*Prior to Garlinghouse’s appearance,* [*Dilip Ratha*](https://asia.money2020.com/speakers/dilip-ratha) *the World Bank’s lead economist for migration and remittances, spoke about worldwide remittance trends and provided some insightful takeaways about the future of their costs.*
*Ratha stated that a critical* [*sustainable development goal of the World Bank*](http://www.worldbank.org/en/programs/sdgs-2030-agenda) *is to lower the cost of remittances globally from 7 percent to 3 percent by 2030. When Garlinghouse took the stage, he immediately connected these statistics back to Ripple’s goal of establishing an Internet of Value.*
*“If we haven’t lowered the cost of remittance payments by 300 basis points by 2030 as a business, we have failed,” said Garlinghouse. “If we’re successful, we’re not talking about 300 basis points. We’re talking about 30 basis points for the cost of remittance payments.”*
Rest of article is at [https://ripple.com/insights/ripple-ceo-money20-20-asia-new-payments-system-digital-age/](https://ripple.com/insights/ripple-ceo-money20-20-asia-new-payments-system-digital-age/)
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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