Ripple Uses Blockchain To Move Money Faster Than A Flying Courier
This is more a personal statement which I make after reading the Forbes article linked below:
I know that most of you do not like Ripple because it is made "for the banks" and banks are bad. Its true banks have brought a lot of misery into our world, but they also offer people around the world a chance to finance their flat, house or their new business.
Banks main problem is greed, thats true. But this greed comes from the expectation of the banks stakeholders to increase their revenue year after year. Beside that, I am convinced that banks will be around in future - therefore I will stay invested in XRP for long term - even I've made a loss of 23% of my XRP investment so far. It offers cost and speed advantages to the banking system and hopefully in the end to us as investors and customers.
Brad Garlinghouse stated:
“If I want to move money from here (San Francisco) to London, the fastest way is to fly there,” he said. “We can stream video from the space station, but I can’t move my own money from A to B, especially for international payments, but that is also true for domestic transfers. For anyone in payments, from Visa to SWIFT or Square, the landscape will change as we see friction reduced, and the future will arrive sooner than we think.”
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