Will Ripple explode?
Ripple Insights has previously discussed the specific needs of the new company. Companies like Uber, Facebook and Amazon, involved in a bilateral market, pay high-value, low-value payments in an unthinkable context. Chinese e-commerce Moloch Alibaba reported sales of $ 17.8 billion to around 175 000 transactions per second. Companies with such a volume will eventually take the market to accept payment solutions that can compete.
Similarly, cross-border payments in the report are marked as expensive, ineffective and transparent, required by both individual consumers and vigilant regulators. Ripples distributor ledger-based solution is cited as one of the fintech competitors striving for this ubiquitous problem, with the potential to revolutionize this space. Ultimately, however, a multitude of fintech solutions will exacerbate the problem of competitive, isolated networks.
Partners And Investors
By the end of 2016, Ripple Labs completed another $ 55 million funding in a series of B financing to support Ripple’s growth and development. It makes it one of the largest blocks-based projects in the industry. Ripple’s investors include globally recognized venture capital firms and strategic investors such as Andreessen Horowitz and Google Ventures, SBI Group, standard chartered.
And if the popularity of ripple increase at the same rate the price of ripple touch $5 or more by the end of 2018
as long as no new competitors, xrp can climb much higher
Congratulations! - As you follow @fisheggs bot your post has randomly been selected for an upvote.
The @OriginalWorks bot has determined this post by @vivekkanade to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!