Ripple update: Volume
So I’ve seen swifts daily 5 trillion transfers been mentioned a few times and how if ripple capture 10% of this the price will rocket. I’ve been thinking and I can’t believe how quick I think this is going to expand to the whole world. The domino effect with ripple is going to be unbelievable. Think about, how often do you think Steve is waiting for his payment from Mohammed to pay Marco who’s waiting to pay Antonio. Those 3 payments are going to happen in 15minutes not a month. Ripple are not only going to change the financial industry but kick start the global economy and it will happen very quickly once word gets around that’s payments can happen that quick. I can see that 5 trillion doubling very easily.
Even with domestic payments the normal time frame for a average customer to obtain a refund is 3-5 days before they are able to spend that money again. Imagine a company using this technology and advertise instant refunds… pretty sure you’re amazons, ebays of the world are jumping on, if they are not already, people are saying hundreds per XRP I’m thinking way above that and it will happen very quickly once the first bank adopts.
Hoping to see a good discussion cause I can’t see why this is a no brainier for any business.
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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