Ripple - the last chance of the banking system (the Ripple effect).

Global commerce is rapidly changing. Businesses are increasingly global from day one and consumers are programmed to expect on demand delivery of services and information. Yet, the current infrastructure for payments is woefully inadequate to meet these needs.

Ripple works with banks to transform how they send money around the world — a necessary step to compete in today’s growing economy. Our vision is to enable the Internet of Value so the world can move value the way it moves information today.

Ripple enables banks to increase efficiency in their existing payment processes and create differentiated products and services for their customers.

• Real-Time Payments With No Settlement Risk
  Using Ripple’s solution, banks can coordinate funds movement across multiple ledgers to remove all settlement risk and minimize delays in the payment process. Having global reach through many nostro accounts is no longer necessary.
• Flexible Liquidity Provisioning
  Expand reach to new corridors with Ripple through more efficient liquidity sourcing. Either leverage existing nostro accounts for high-volume corridors that have competitive FX rates or utilize a marketplace of third-party liquidity providers.
• Lower Operational Costs
  With Ripple’s bidirectional messaging, banks can validate transactions before funds are transferred and confirm delivery of funds, ensuring high Straight-Through Processing rates, low returns and negligible tracking and reconciliation effort.

Why do I pay close attention to Ripple?
It is worth noting several important news in chronological order that relate to Ripple

• December 9, 2015 Microsoft Joins Forces with Ripple Labs

According to Marley Gray, technology strategy director for US financial services, BaaS is currently running a validating node on the Ripple network.

“We’re exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft’s blockchain as a service offering,” Gray said.

2015 was also the year of Ripple, which has been gaining ground and attracting numerous banks including Westpac, ANZ, and CBA, which are all reportedly testing out the technology for domestic and international payments.

• January 29, 2016 Ripple and Japan-based SBI Holdings, Inc. announced establishment of SBI Ripple Asia, a company set for distrubution of Ripple’s enterprise solutions across South Asian countries, including Japan, China, Taiwan, South Korea, and ASEAN countries. The solutions in question are intended for international bank transactions within the region.

“Surveying the market, Ripple was the only company that has delivered battle-tested enterprise solutions and global bank customer traction, including commercial deals with top banks already signed in Asia Pacific. Distributed financial technology is undoubtedly transforming financial infrastructure and we’re excited to drive its adoption throughout Asia,” Yoshitaka Kitao - CEO at SBI Holdings.

• June 9, 2016 MoneyGram Teams Up With Earthport To Use Ripple Tech for Remittances to Romania

• June 14, 2016 NY DFS Grants BitLicense to Ripple XRP For Institutional Applications.

Ripple has been granted a “BitLicense” to sell and custody XRP, the digital asset native to the Ripple Consensus Ledger, becoming the fourth company involved in the digital currency business to receive approval by the New York Department of Financial Services (DFS) to operate in New York.

• March 02, 2017 Blockchain Breakthrough: 47 Japanese Banks Complete Money Transfer Pilot Using Ripple

The real uptake of Ripple however started to take place in 2016 and continued during the first quarter of 2017.
National Bank of Abu Dhabi (February 2017), Axis Bank (January 2017), SEB (November 2016), Standard Chartered (September 2016), and National Australia Bank (September 2016) are the latest banks to join Ripple’s blockchain-powered network for cross-border payments. And more banks will get on the Ripple bandwagon during 2017. Ripple says its network now includes 12 of the top 50 global banks, ten banks in commercial deal phases, and over 30 bank pilots completed.

And of course the analysis of the price. 578-day triangle is ready for a breakthrough.

I believe in Ripple and I am confident that this technology has a successful future. This is indicated by fundamental and technical analysis.

Thank you for reading