Search the Community
Showing results for tags 'hypothetical'.
Found 2 results
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.
I think Egypt is a place ripe for Ripple adoption. Of course, I hope this about most places so here is some data that makes it worth keeping an eye on.  In the most general of ways, the situation in Egypt might seem familiar to the situation in India: the government has alternately outlawed and permitted crypto. Currently it is not exactly clear where they stand on it, but there has been a recent legal push towards licensing. [https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law ]  The country intends to move towards a cashless society, but they have a very high amount of unbanked people. [ https://www.egypttoday.com/Article/3/68491/Sisi-approves-cashless-methods-of-payment-law ] To this end, the government is working on a unified card for citizens to receive all their government entitlements such as salaries, pensions or subsidies, tied to either a bank or an Egypt Post account. They are also "working aggressively" on encouraging mobile money & mobile wallets use. Government is also working with the CB to offer microfinancing through mobile applications. This effort will provide banking to 20mill + unbanked. [ http://www.theworldfolio.com/files/file/report-5cae38c273220.pdf ] (Left & Right columns)  Significantly, these efforts are connected to a three-year programme, FIGI, led by ITU, the World Bank Group and the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, with support from the Bill & Melinda Gates Foundation... [https://news.itu.int/how-egypt-builds-trust-digital-financial-services/ ] Likewise, the use of Post Banks for financial inclusion is something the Universal Post Union, with support from the Gates Foundation, has been behind. [http://news.upu.int/no_cache/nd/gates-foundation-helps-upu-support-partnerships/]  Recently, the Central Bank of Egypt, in december, said it will issue a digital currency [ http://en.amwalalghad.com/egypts-central-bank-studies-issuing-digital-currency-official/ ] While it is not clear what platform might be used, it is worth noting that the government owned National Bank of Egypt and the largest private bank, the CIB are both members of R3, Voltron. This largest private bank and R3 Partner, CIB, intends to build out a DLT network in 2019. In their EOY 2018 annual Report, they claim to have tested "different use cases for potential development into live projects and built a local blockchain network for banks and different financial services providers" [https://www.cibeg.com/English/InvestorRelations/FinancialInformation/Annual Reports/Annual Report 2018_002.pdf ]  Another piece of the puzzle might be that Kuwait's NBK, a Ripple partner, has a significant presence in Egypt and their other neighbors, Saudi Arabia are also involved with Ripple. So too, UAE, and the major bank in Oman.  Finally, consider that Egypt's Suez Canal Economic Zone, has deep ties with Russia. Russia is building a huge economic zone in this trade/port center for Russian manufacturing and trade with Africa, Middle East and Europe. Putin claimed $7billion will be invested. At the same time, with so much trade finance at stake, both the EU and Russia are investigating alternatives to SWIFT to avoid US financial control. [https://www.rt.com/business/452047-russia-industrial-zone-egypt ] [https://uk.reuters.com/article/russia-banks-swift/russia-backs-global-use-of-its-alternative-swift-system-idUKL8N2163BU] [https://english.mubasher.info/news/3333401/EU-starts-SWIFT-alternative-money-transfer-system]  In 2018, Egypt received the 5th largest amount of remittances. The first list: India China Mexico Philippines Egypt That list should look very familiar to Ripple fans... [https://migrationdataportal.org/themes/remittances ] /end
I was going to ask what is possible, but I know somebody would say that "anything is possible". So, let's talk probability. What is the max value (in USD) XRP is likely to ever go? Somebody smart please do some real maths and spit out a logical response. I was talking to a friend of mine, and told him (lied to him) that XRP could pull a BTC and shoot up to $1000. I'm curious as to what the actual real-world limitations would be on value. $10, $100, could it ever even see $1? I know there is a lot of money floating around the world, but what would be the market cap on, say, a $20/XRP? Also, just for s&g's, how high do you actually see XRP value going. No smart maths required! I'd love to see anything over $1. In my part of the USofA, I could build a decent house and pay off all my bills with the XRP I'm holding @ $1. $10 and I'm in mansion territory! hahaha