RIPPLE AND ITS GROUNDBREAKING SURGING
The XRP's price has approached $2.21 earlier this week (recovering for a tiny dip when it was almost 2,7 USD in the last 2017's week), marking a sky-rocket tendency amid news that Tokyo-based SBI Ripple Asia (the Japan brand of the cryptocurrency) announced a consortium created to explore how distributed ledger technology could be used for payment cards. We, as a cryptocommunity, mus pay attention to that precise phenomenon regardless our personal opinions surrounding the project.
The recent surge presented in XRP prices deserves attention in the crypto community, so far than the usual arnarchist critics about how banks will take power of the entire digital economy (pumping and dumping the Ripple and obtaining huge shares of BTC and ETH), that argument may be truth in some senses and i will not contest it here, but at the same time is not a smart choice to label the Ripple issue as a taboo in the more ideallistic crypto-community and avoid the debate.
Specially for two aspects, it is important to emphasize the transition of a new struggle in the crypto-community: centralized crypto-systems vs descentralized ecosystems. Ripple faces the first model, because is a crypto that cannot be mined freely and its supply varies monthly, which impose a challenging perspective from the anrcho-punk community; the second model, the one adopted by the majority of the currencies, is a descentralized framework that enables almost everyone to mine the cryptos with a specific reward and some technical complexities.
The scope for Ripple differs from many other project, is a cryptocurrency created in order to replace the orthodox financial transactions operations worldwide with RippleNet, according to the official website (https://ripple.com/use-cases/), the project has four main aspects to cover:
Banking sector: Benefits will mean new revenues, lower costs, consistent experience and one integration point for the financial digital system (a mix between the ascending #FinTech sector and old-school Banks).
Payment operations: Against fiat usage, or better as a complement, #Ripple implies a faster and securer transactional framework in comparison with conventional means. Consequentially, this will mean in an increasing in payment orders, one integration for grater reach worlwide, more transparent payments.
Corporate transactions: For the first time, corporate, enterprises and entrepeneurships will interac with banks in order to send on-demand payments around the world without fail. The opportunity: secure a greater share of cross-border payments volume, decreasing fees in a global scale.
Exchanges: Whether you are a corporate or particular investor. You can purchase the XRP currency in many exchanges such as Kraken, Bittrex, Binance, Bitfinex, Poloniex, and the lists goes on and on (even rumours about being listed in Coinbase in the few upcoming weeks).
We are facing right now the future of the financial sector integrating the cryptoeconomy, the potential of the services offered by the network is huge.
A more cool tempered analysis
Is important to understand the needs the new digital economy urges in order to consolidate in the long-term picture: the most important issue is to guarantee the integration between assets-backed economy and cryptoassets one. Ripple might be that desired bridge (even though is too early to affirm it without any doubt).
Ripple keeps getting deals with more than a hundred financial institutions around the globe, it has been pretty outstanding because is the leader in this aspect in the cryptoworld (with news about futures' BTC being listed in CME and NYSE). All this news have less than one month-long and still the consequences must be understood in the upcoming years, everything is evolving in the cryptoworld and we are lucky to observe it in real time.
My predictions about 2018 being the crypto year will keep on track as strong as usual, the main reason is because of Ripple (although I am not a investor) but I am glad to notice the orthodox financial institutions are attempting to integrate with the cryptoworld, a much expected news since the dawn of this movement.
To my steemians friends, I think this is an important fact to take into account, if the funds for launching the project are obtained, this megaprojects could have all-time high growths because the products they are offering: in #steem and #Dtube have huge potential in the day-to-day social dynamics in every globalized country. 2018 is going to be a great year to consolidate the digital grameworks of the future, many altcoins will surge in a surprising way and the bubble argument will lose some ground.
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