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Found 2 results
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  1. Chalk it up to my over-enthusiasm. I'm an adult enough to know when I made a mistake. In part one of "Master of Use Cases" I think I went in the wrong direction: I covered ALL POSSIBLE use cases for an immutable distributed ledger, which is what the RCL can provide along with XRP. This approach was kind of like saying "what are all the things that money can be used for if it's also a place where you can permanently write information?" And the list that resulted was very long indeed. But then i watched the round table discussion with Miguel Vias from the final day of Consensus 2017, where he was describing the main use case(s) for XRP, and I was struck by his approach. He boiled it all down to two use cases, one in his introduction of XRP, and broader one in his description of the primary use case. Miguel's Introduction: Miguel's Description of XRP's primary use case: (Source: *https://www.youtube.com/watch?v=aiNDDWZs0b4* ) So let's just focus in on one, and see how big "cross-border payments" and "value transfer across borders" is. All We Need is ONE Use Case How Big is Value Transfer Across Borders? Let's narrow our focus further to just where the SWIFT organization of banks does the lion's share of value transfer across borders. SWIFT takes days to transfer any significant sums across borders. Now we have a new method (RCL, XRP, and ILP) that can do it in seconds. Current volume with SWIFT: According to this document (source: https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury, SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year. Investopedia already acknowledges Ripple as an alternative to SWIFT. (source: http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp ) XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency. The amounts of XRP utilized for these purposes would be massive. Ripple recently hired two former SWIFT senior leaders, and is obviously targeting this market. Even if only a small part of the pie goes to Ripple, we're looking at huge usage of XRP and the RCL network. Starting to be convinced that you made the right decision? You should be...
  2. Since most of us are in the habit of trying to guess what happens next, why not dig deep into your brainstorming or analytical mind to come up with what "the announcement" will be at Consensus next week? Something new that's not been demoed before is how @JoelKatz referenced it late last week. A feature update? A new strategy? Different interoperability? Fiat securitization? A mobile game-changer? An alliance? A partnership? A buy-out A lock-up? Whether you think traditionally (yes, this is already possible in the crypto space) or so far out of the box that you haven't even found the cardboard for the box yet, put your tame and wild ideas out here for the hodlers to munch on while the new-found money coming into Zerpland chews up sell orders by the hour. Have fun!
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