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Great to see XRP ecosystem is growing rapidly 👍 >> http://stedas.hr/xrp-ecosystem-ripple.html Over 100+ companies using, testing and accepting XRP: money transfers crypto cards crypto wallets crypto exchanges crypto loans micropayments financial institutions payment providers VIEW INFOGRAPHIC: http://stedas.hr/xrp-ecosystem-ripple.html

Blog URL: https://xrpcommunity.blog/one-person-can-make-a-difference/ One person can make a difference in the cryptomarket & that person could be you! Find out more in today's blog. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Some economic concepts can be surprisingly counter-intuitive. Have you heard about Jevon's paradox and the velocity of money? Perhaps, but I will point out how these apply to a  real-time payments system, and connect the dots for you. In addition, I've conducted a SWOT analysis of Ripple's fit for four different industries. Read for yourself and tell me if I'm missing something! Hope you enjoy the read - please leave any feedback below. Feel free to share my blog with a friend or on any other platform - and thanks for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

In my latest blog post, I discuss micropayments, and how I believe that Ripple and XRP can be a perfect back-end processor for these low-value transactions. I originally posted a similar topic in the spring of 2017; I use a couple of the same sources, but I've since updated it with some current factoids and examples. Hope you enjoy the read! Leave any feedback below, and please feel free to share on other media. My announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

I understand micropayments now. At least, I thnkI understand. What is a Micropayment? The term "micropayments" is usually the term traditionally given to monetization of very samll transactions - under $12 - for content provided over the internet. One example is Blendle, a media startup that lets you pay a few cents for the privilege of reading their news articles online (source: https://www.wired.com/2016/03/pay-25-cents-read-article-blendle-certainly-thinks/ ) So Who Processes These Things Now? PayPal Micropayments is a platform that's been around for a few years, and it builds off of the usage by Ebay vendors for small transactions. The fee structure is built on the concept of giving a vendor the ability to pay the processing fee based MORE on a percentage of the sale price rather than the flat processing fee. Instead of the usual 3.4% + 20 cents, you’ll pay 5% + 5 cents. Basically a higher percentage but lower fixed cost. (source: https://www.thebalance.com/increase-profits-with-paypal-micropayments-1140571 ) XRP Advantage Now compare that to the processing fee of processing a micropayment through the RCL using XRP payment channels. The current fee is listed as 10 drops, or .00001 XRP. If we use a value of 30 cents as an example, that's a transaction cost of $.000003. Now, that's the network fee for using XRP transactions. Any actual service provider of an online wallet may also layer other charges to cover costs associated with processing transactions and providing other services such as returns, insurance, and other items, but you can see clearly that PayPal is about to face some competition in this market. Speed Another issue that micropayments platforms have typically had is the ability to scale for increased usage. Did I mention that XRP Payment channels were fast? The XRP Ledger using payment channels can scale to handle over 50,000 transactions per second. (source: https://ripple.com/files/xrp_overview.pdf ) The first FI to integrate using XRP Payment Channels is going to have a substantial advantage when it comes to mircopayments. Or maybe PayPal might see the light and choose to contact Ripple?