XRP News: Ripple is making International Payments Quick, Cheap and Safe!! Who All shall Benefit??steemCreated with Sketch.

in #bitcoin7 years ago

One cannot even guess the total number of global transactions taking place every year. Take a look at these statistics:

  • In 2014, Total Mastercard Debit Transactions: 13.6 Billion, Worth: $536.
  • Number of Transactions in UK Banks: 427 Million Transactions.
  • Number of Transactions processed by Visa alone : 2000 per Second.

large number of transactions.jpg

Hence, we can see that Number of Transactions is a big number. Still, the outdated technology makes these transactions

  • slow,
  • unreliable,
  • expensive.

For instance, you make payment for a cup of tea using mobile app within seconds. The money is debited from your account and credited to the store owner. But, store owner needs to pay fees to card provider, part of which is credited to app developer.

ripple for coffee payments.png

Fact: Transferring money outside USA costs $42. It takes Time, and includes an Error rate of 5%.

Ripple was 1st introduced to change this. Ripple enables Banks and other financial institutions to process payments, anywhere, anytime. The transactions are instant, reliable and cheap and uses the Power of Block-chain.

But, Who shall Benefit from Ripple-Banks Integration?

  • Marketplace Organisations and their Customers like Amazon, Facebook, Airbnb.
  • Artists and Artisans like Musicians, Photographers, Craft-makers.
  • Markets with Less-Bank involvement.
  • Governments.
  • Innovators.
  • Financial Services.
  • Freelancers.
  • and Many other Professions.

What needs to be Done to achieve this?

The world must 1st agree to One Single Protocol. Yes, just like HTTP and World Wide Web relation provided us instantaneous transfer of information.

You can read my Recent Posts on Ripple and learn more about it here.

Ripple 90 Days Price Chart:

Ripple 90 day chart 1.png

The price of ripple has risen by about 12 times its price 3 months ago.

  • Lowest Price in 3 Months: 0.00000905 Bitcoin.
  • Highest Price in 3 Months: 0.00022465 Bitcoin.
  • Price Today: 0.00011137 Bitcoin.

Hence, even though you have missed the 1st opportunity in making profits/money with Ripple (XRP), There is still a Chance!! Its Price will sooner/later go beyond $5 and only then will you realize of Missing a Huge Opportunity of making some Serious Money !!

Other Insights:

  • Market Cap of $11,773,989,083.22 ( ฿4,280,144 )is really Huge, isn't it?

  • Official Page: https://ripple.com/currency/

  • Facebook Likes: 15720

  • Twitter Followers: 56747

  • Reddit Subscribers: 13010.0

  • Average Users Online at any point of TIme: 737.0 i.e. Massive. Right?

I would Love to hear your reaction/opinion on the same. Do upvote/comment/resteem to spread the Love for Crypto.
Feel Free to ask if any Queries :)
Follow Me @steem-god (Reputation Score: 41, Followers: 81, Steemit Age: 1 Week) if you Find my Blog interesting :)

Note: I do a Great Research before making any Announcement about the Prices and Future of any Altcoin. Also, I Listen to Everyone, but I Trust Nobody. Listen to my Announcements, Do your Research based on it and Invest Wisely. Success shall be Yours :)

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I have actually invested in ripple but didnt know what it really did or the potential.all i knew was it had a big market cap and as such very soon it would be very big. I think am now convince a bit that there is a chance for ripple to succeed .

@tj4real .. i have been following ripple for long now .. the team is working very hard and has convinced many banks, organisations and universities to adapt to ripple for cross-border payments. this has in-turn has hiked the price of ripple :)

Oh thats Great. Thanks for the info. I hope you post more of ripple updates on your wall. Will be follpwing you to see the progress. I have an eye in it.

@tj4real .. sure mate. i always keep an eye on ripple. xrp is among my top 3 investments, hence i ought to follow ripple forever :) @steem-god

thank you for sharing this. i followed you and upvoted , hope you can do the same. steem on friend .

@abu.siddique .. Gratitude my Friend!! Happy Steemit Buddy :)

RIPPLE GANG ALL THE WAY, followed and upvoted

@garlic114 .. Yes, Ripple is the Future of Global Payments and I deeply Believe in the Future :)

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