/biz/ - Business & Finance

It I am SO PSYCHED for XRP's moonshot. We're going to be rich, getting in on the ground floor like this
>>21086583
There's a big opportunity for blockchain in the fintech world. It's called remittances. Remmitances are basically when an entity, like a company or rich person sends money across a border. Remittances suck now and are expensive because they use an outdated transfer system built in the 60's. It takes upwards of a week to actually transfer money and settle on the other side. Currently and American company called Swift handles most of the remittances in in the world for USD. Approximately 4 trillion USD are changed hands through Swift daily. But swift sucks. It is slow and expensive. Ripple has spent the last 6 years building a network with the banks around the globe to replace swift. They built XRP, the ILP and ODL to basically use XRP as the settling mechanism for global remittances. Theyre better than swift because the transaction is almost insant (instead of days) and they can also settle the transaction. They basically killed the middle men. If they captured Amy percentage of Swift's transaction volume the price of XRP would scale in order to provide the needed liquidty. For example, of you tried to move a billion dollars through XRP you'd exhaust the order book and skyrocket the price on one end of the transaction and then dump the price on the other. That is called sucky liquidity. But at a high enough price there is enough liquidity to do 4 trillion in remittances daily. Some math and forecasting have some believing that the XRP price would be in the 3 or 4 digits in order to provide that liquidity. Some reasons why peeps believe Ripple can pull this off is because they have partnered with the big bad wolves of the world. IMF, SBI, BOA, and hundreds of other banks and FI's. They are the bankers coin after all, and have a network established with the existing system that no other crypto has even begun to search the surface of.
>>21086944
Checked

>>21047988
Checked and coin-supremacy heiled
Praise Schwartz, and may his blessings be ours, baest anon
Hey, I overheard Confucius in the park today. He say:
>first ripple then wave
>be whale