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Showing results for tags 'burn effect'.
15mil (average SWIFT transactions per day) x 365 days is 5.4tril annually. 5.4tril annual transactions consumes 54mil XRP, and that's just from SWIFT alone (Visa processes over 8.9tril transactions annually, which will consume 89mil XRP). For example, Western Union charges a fee of $5 for a simple wire transfer of $50. I can't even imagine the SWIFT fee's on wires in the millions of dollars. 1XRP can facilitate 100k reference transactions. Due to scarcity + volume (not even including subjective market value) it's not unrealistic that 1XRP could become worth upwards of $1,000 or more based on the amount of money saved on SWIFT fee's alone. What do you all think? Maybe $1,000 is low-balling XRP's potential.