Regulatory Clarity Could See Google and AMEX Join Hands with Ripple
XRP community is continually getting constant good news about Ripple, and the
meaningfulness of the developments around their platform keeps improving by the
day. It, therefore, does not come as a surprise that “How to buy
Ripple?” has replaced “How to buy Bitcoin?” as per Google 2018
top search trends.
XRP enthusiasts believe the coin tops BTC in every sphere, and that its technology is capable of feats Bitcoin can only achieve in its dreams. To begin with, Ripple has faster transactions speeds than Bitcoin, with its transactions settle in less than 5 seconds. Its network can handle at least 1500 transactions per second compared to Bitcoin’s 7.
Ripple Is Different But Better At
Besides, it does not depend on BTC’s Proof-of-work consensus, which leaves Bitcoin vulnerable to a 51 percent attack. As innovative as Ripple’s technology is, what has given it so much popularity is the amount of love, large financial institutions and businesses alike are showing it.
begin with, Ripple is very different from most other blockchain innovations,
and it for a long time was considered an unwelcome outsider to the crypto
world. Their links to the much-hated banks and the difference of their
consensus protocol, made Ripple stand out like a sore thumb. However, it is
becoming harder and harder not to admire this rising platform.
Google, for instance, the Internet’s most prolific entity, may be working with Ripple to build a cost-effective, and fast transaction model. As most of humanity’s financial and social spheres converge online an effective, fast, interoperable, reliable, and cost-efficient mode of money transfer will become acute. To further illustrate Ripple’s looming potential, the global remittance industry will be worth an estimated $1 trillion by 2022 s per a BlockData report up from a $625 billion value in 2017.
Ripple alongside Google and American
San Francisco startup has been positioning itself as a disruptor to old systems
of remittances, and with firms like Google likely on their side, it is evident
this world is quickly becoming Ripple’s oyster. Ripple’s platform has
transaction capabilities that can compete with fiat’s Visa processing system,
at a fraction of Visa’s costs.
Google was rumored to have partnered with Ripple in launching Google Pay to enable easy and quick mobile payments. Consequently, if ever Google’s and Ripple’s networks work together, payments and remittances will be at the tip of everyone with access to Google globally. Ripple’s coin is, therefore bound to rise with its growing list of strategic partnerships.
Then again, remember, American Express is working alongside Ripple, is setting their foothold in the Orient, beginning with the Chinese market. AMEX can now settle in Yuan and will most likely use XRP for currency exchange. China is one huge market and already has a lot of global electronic payments. It is estimated that China alone will by 2020, have at least 10 billion credit cards in circulation.
Through its FX International Payments hand, American Express is working with Ripple to facilitate tracking non-card based payments from the U.S to Britain, in real time. Among so many developments, especially in the area of regulation happening in the crypto space, Ripple has a lot going for it.
“Regulatory clarity is coming. Crypto exchanges will have nothing to do with the DLT liquidity corridors of the future. Wise up young people! Side note: AMEX and Google are in fact Ripple partners waiting for aforementioned clarity. Don’t forget that.”