Ripple (XRP)

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$ 0.240900 (+3.61%)

Ripple Discussion

stockvaper  Jan 20 2020 17:09
[b]Davos 2020 Will Have Impressive List of Speakers, [color=red]Ripple CEO May Also Join[/color][/b] January 20th, 2020 "Business leaders and politicians from around the world are gearing up to attend another session of the World Economic Forum (WEF), in Davos. Ripple CEO may be one of the guests. Tomorrow, the business leaders and politicians from the globe are meeting at another session of the World Economic Forum (WEF), in Davos, Switzerland. This is the 50th anniversary of the event with a theme: “Stakeholders for a Cohesive and Sustainable World.â€￾ The annual economic gathering will run from January 21 until January 24. United Kingdom Prime Minister Boris Johnson will not attend the World Economic Forum in Davos, Switzerland, Downing Street said on Monday. Johnson asserted that his government should focus on delivering for the people of the UK instead of meeting global leaders in Davos. On the other hand, United States President Donald Trump told reporters in Washington last week that he will “probablyâ€￾ go to the World Economic Forum in Davos. He added that he has been invited and plans to meet world and business leaders at the forum. French Economy Minister Bruno Le Maire said on Monday that he hopes that the conflict with the United States over France’s digital tax will be resolved before the end of the week. “We are ready to make steps toward the United States, and we have already proposed a certain number of measures. We hope to reach a resolution by Wednesday,â€￾ Le Maire told LCI television and added the two sides will hold further talks on the issue during the World Economic Forum (WEF) in Davos. Be it as it may, there were some unconfirmed talks about Ripple’s CEO Brad Garlinghouse having a meeting with Donald Trump and the European Central Bank President Christine Lagarde. Since Lagarde already said the ECB wants to play an active role in cryptocurrencies claiming the ECB should be “ahead of the curveâ€￾ when it comes to CBDCs, we can only hope for her to open the “crypto doorsâ€￾. However, there are little chances that Lagarde will support the adoption of XRP. This year she is definitely more interested in the promotion of the digital euro concept that in cryptos themselves. Among other Davos guests, there will be Sanna Marin from Finland, the world’s youngest serving prime minister. Sanna heads a four-party coalition government, whose leaders are all women too. At the time of her appointment, in December, she said she never thought about her age or gender. “I think of the reasons I got into politics, and those things for which we have won the trust of the electorate,â€￾ she said. There will be also Ursula von der Leyen. As well as already mentioned Christine Lagarde. The 17-year old Swedish climate activist Greta Thunberg will also attend as well as Ren Zhengfei, Huawei Technologies founder. Presenting the IMF’s latest economic assessment will be Kristalina Georgieva, managing director of the IMF and there will be also an internationally-acclaimed actress and mental health ambassador Deepika Padukone, Bollywood star. Padukone will get one of the WEF’s Crystal Awards. We, of course, cannot forget Steven Mnuchin, U.S. Treasury Secretary as well as George Soros, chairman of Soros Fund Management."
stockvaper  Jan 20 2020 13:15
[b]Ripple Makes Big Bet on Asia-Pacific Remittance Market in 2020[/b] January 20th, 2020 Ripple has highlighted the poor state of the remittance market in the Asia-Pacific region. The company has announced that it will spread there in 2020 beginning with Thailand. Ripple has indicated a serious interest in planting itself in the financial and remittance market of the Asia-Pacific (APAC) region. The giant blockchain company believes that the region is still a largely untapped mine and has its eyes firmly placed on this region for the year 2020. [b]Ripple Has 2020 Plans for Asia-Pacific[/b] In an official Ripple publication on Thursday, the company breaks down the Asia-Pacific region, underscoring how much of a gold mine it is. Citing an article by the World Bank, Ripple says that there was a 12% jump in the APAC’s remittance market, in 2018 alone. It also says that the region pulls in annual remittance transactions worth about $2 billion. With numbers like this, the remittance market in the region should be running a lot more seamlessly. However, Ripple says that isn’t the case. Let’s look at the reason. [b]Expensive Market in the Asia-Pacific[/b] The major issue here is how expensive these transactions still cost. Ripple says that in the region, sending $200 could attract over $20 in fees. Generally, the state of the remittance market anywhere in the world is usually measured by considering transaction figures and charges as well. World Bank says that 2019’s third quarter saw transactions of about $200 incurring fees higher than $10. There are also remittance channels that are cheaper than others. The expensive costs rise because remittance companies have to maintain several pre-funded accounts. These accounts have to stay that way in different regions, in anticipation of cross-border transactions. Maintaining these accounts usually involve middle-men, which in turn shoots costs higher. Apart from the high cost, there’s also the factor of timing. Traditional cross-border transactions could take days to settle, making it not just more expensive but ineffective in an emergency. “Not only is cost a limiting factor, but when banks are closed, payments can take an additional two days to send. It is not surprising that stakeholders are looking for a less expensive and more efficient option to complete their transactions.â€￾ [b]Regardless, There’s Still High Demand[/b] In 2018, remittance in countries like Thailand and the Philippines climbed to $529 billion, a new record. It is also estimated that 2019 saw an increase of $21 billion, hitting $550 billion, and “becoming their largest source of external financing.â€￾ The market in the Philippines is a prime example of this. Because the country has more than 10 million nationals employed in the diaspora, the remittance market is huge as these people send money back home. [b]Can Ripple Save the Day?[/b] It’s very easy to see how blockchain could significantly solve remittance problems in the Asia-Pacific region. Firstly, blockchain solutions are a lot more cost-effective than traditional methods. This helps people lose less when they need to send money to their loved ones. Also, the timing factor becomes irrelevant. Blockchain transactions are settled with unmatched speed, sometimes within a few seconds. Reliability and accessibility are also strong enough factors as pretty much anyone with access to the internet can enjoy the offerings blockchain brings. This is what Ripple hopes to bring to the table, pumping the company’s relevance while solving remittance problems. The company has already made a play in the Thai market in partnership with Bitkub, a local crypto exchange. In a recent interview, Bitkub CEO Ropp Jirayut announced that the exchange is Ripple’s official Thai partner and will help facilitate cross-border transactions using XRP.
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