The post was originally posted on October 6th 2019
Get ready for cashless society.
The current monetary system is unstable and has a massive imbalance relying heavily on an American influence.
What is XRP?
XRP is the crypto digital coin Ripple Labs the company created in 2012.
Xrp is a crypto assets used to settle remittance payments.
The Ripple Network can be used for ANY type of currency or asset that Ripple gateways are willing to accept. XRP is the native currency used on the Ripple system. Ripple is designed to set the transaction fee dynamically based on demand as an anti-spam measure.
Example of use: (Dollar used to buy xrp then that xrp is used to buy pound)
Money laundering will be near impossible. Taxes will be monitored. Everything will be recorded on the blockchain.
It all started in 2009 – The recession had just happened but what happened emerged was a thing called bitcoin.
I think this was to get people ready and acpet what is to come in the coming decades.
A guy called Satoshi Nakamoto supposedly created bitcoin but it is more and more likely that the CIA and IMF created it to usher in this new world of payments.
What is Ripple?
Ripple Labs is the company that has create the xrp coin.
They do not have control over the price and make money from there holdings and technology which they sell to banks to use integrating xrp into their systems.
Banks are integrating Ripple Technology as it greatly reduces transactions costs and speeds up the process vastly.
There products/tech are under the name Ripple Net: xCurrent is a Ripple’s tech product which help banks settle real time with each other using fiat to fiat transaction. This product ensures the money being transacted is settled at each party.
xRapid focuses specifically on cross-border remittances.
Till now SWIFT (Society for Worldwide Interbank Financial Telecommunication) was being used as a messaging system for cross-border remittances.
There have been rumours of another platform called Xpools this will be where banks go and buy ripple.
Other companies are also developing upon the xrp network.
Who will use XRP
Banks will hold xrp to transfer money from bank to bank.
List of institutions who are already using Ripple products
Swift – Banks currently use swift to send payments from banks to banks. This is very expensive due to the infrastructure set in place. RIP Swift.
What is Swift? The SWIFT network doesn’t actually transfer funds, but instead it sends payment orders between institutions’ accounts, using SWIFT codes.
It was SWIFT that standardised IBAN (International Bank Account Numbers) and BIC (Bank Identifier Codes) formats.
Swift daily volume is $4 trillion
If xrp was to use a fraction (5%) of that swift does the price of xrp will be: $25
10%- $50 per xrp
20% – $100 per xrp
50% – $250 per xrp
100% – $526.96 per xrp
Why will banks use xrp instead of Swift?
(xrp can be used and be built upon so it will replace and be used for other cases)
Projections/ The future
Banks are implementing Ripple tec at such a fast pace.
Currently the market has been suppressed so institutions and banks can buy on the cheap.
Payments are broke. Sending 0.50 cents to another country is near impossible or the fees are more than the actual cost being sent.
Currently payment networks are disconnected and slow. XRP and Ripple enables these networks to be connected.
3.6 billion consituate to 50% of the economy
Negative interest rates will cripple people
Ties to the white house
The IMF has hinted of using XRP – I believe Ripple will sign over there 50 billion xrp holdings to them
The banks send out hidden messages to each other. The words to watch out for are:
- A level playing field
- One world currency
- Markets need structure
- A globalization that works for all
- A redistribution of wealth
- Individuals back in control
- Internet of things
- The internet of value
News and sources to look out for…
Christine Lagarde – MD of the IMF
Ripple – posts on social media.
Brad Garlinghouse – CEO of Ripple
Hyperledger – News and announcements
“Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.”
XRP uses in Technology
Machine to machine payment
All devices will be computers and be able to interact with
When will it boom/ what will happen – when moon
The banks and the institutions want to be first.
They will suppress the price vene lower, moving money from the S&P to the crypto market. This will be at the top of the S&P and a low for crypto.
World Wide recession could be created in order to usher this new platform and internet of things.
Crypto bull market May 2020 (TIme For Crypto prediction) This is more likely when bitcoin will rise.
All you have to do is look.
Find the right sources.
Ignore the mass media and you will see what is about to happen.