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Just a wee hypothesis for your consideration on the rapidity of potential developments. I was considering if I were in charge of CoinBase (I know, I know bear with me) and I had hired and trained 500 employees in order to cope with the added demand of adding XRP, when would I pull the trigger on the announcement/addition? Personally I would wait and do it at exactly the worst possible time for my competitors in order to utilise the added capacity the new employees bring to the max. I would wait until another big announcement breaks and starts to rise the XRP price. Say for example WU or whoever announced Ripple was the bees knees and intended to use XRP in everything they did and this pushed the price up by 40% or something. People rush in to purchase XRP at their usual broker sites thus pushing CB’s competitors to their limits processing payments and signing up new customers. Yet CB is coasting because of their 500 new staff. This is the exact moment I would pull the trigger. The double hit of customer news and CB addition would be a massive boost to XRP’s popularity and price. CB’s already maxed out competitors would be have to shut down their signing up processes as we saw in December. So it you want to buy XRP you’re left with limited options. Wait a month for Etoro or Binance to get all their **** in one sock while the price rises exponentially or go to the only broker in your market which can sign you up and take your fiat currency instantly. CB could clean up in this scenario and I believe that is what they are waiting for. But the real question is what it would mean for us Hodlers. I believe it would mean a spike unprecedented in Crypto space history and a very, very fast one indeed. Under these conditions I see no reason whatsoever we couldn’t go from 60c to over $10 in a matter of weeks and the biggest restraining factor would be the ability of the relevant sites to take the money. Only posting this for light hearted discussion, only my opinion.
If you're a Ripple FIEND like me you probably watch the news cycle, price, and these forums constantly. I commend every rational mind that is looking long term, as the short term for the ENTIRE crypto market is just about as predictable as throwing a dart blind folded from 100 feet away (and there are still some who believe they can do it). That being said, there is one critical aspect of building a business that Ripple is doing right - their slow but sure adoption of XRP by money transfer companies will pay dividends^10000000 down the road. Before this morning we really only had Cualix and Moneygram with promises to use XRP from the Korean / Japanese corridor volunteers should their pilots go well. Right now there are probably many other unannounced companies testing out XRP through XRapid or at least looking into it. The tipping point I am most focused with has to do with adoption. Every business with an innovative product will face FUD at the hands of people who cry out "BUT WHO IS USING IT RIGHT NOW?" That is the last argument that these guys who back coins without any real business behind them really have. Companies using the rest of the Ripple product suite are much more vast than Xrapid, so it's reasonable to assume they're enjoying the various efficiencies the tech provides. Very soon (less than 6 months) I believe we will reach that tipping point, where one large FI will see the advantages over its competition and choose to move first. Then the rest of the competition will react. Stick with what you believe in at the end of the day - I believe efficiency wins out in business, especially in the financial world.
Dec 7, 2016 | Meghan Elison B2B PAYMENTS QUOTE “In comparison, business-to-business (B2B) payments offer $135 trillion in flows, bringing in $240 billion in revenue. The average transaction value is between $15,000 and $20,000, so that means corporate cross-border payments typically cost $30 to $40 per transaction. That’s a lot to pay for a payment that takes three days to settle and may not provide any certainty when funds are committed.” SOLUTION TO HIGH NOSTRO ACCOUNT BALANCE? QUOTE “Similar to the dilemma faced by global financial institutions, corporates are increasingly looking for solutions to consolidate the liquidity tied up with the nostro account balances required to fund their overseas payments. Despite continued banking innovation, transactional account balances have never been higher. At the end of 2015, balances in transactional accounts exceeded $27 trillion, which McKinsey declares their highest level ever. XRP ADOPTION IN 2017 BY FI’S? 2016 was the year that banks began to accept distributed ledger technology for commercial solutions, particularly in cross-border payments. 2017 could be the year that financial institutions and corporates alike begin to adopt digital assets like XRP, which can allow banks to fund their payments in real-time, and in the process, cut down their dependency on nostro accounts. McKinsey, as always, ends on an optimistic note citing adaptability as the greatest of all virtues: MCKINSEY QUOTE “Established payments providers that act decisively can turn a changing landscape to their advantage, and the rewards for successful payments strategy and execution will be considerable.” Freeing up $27 trillion is definitely a considerable reward. https://ripple.com/insights/mckinsey-corporates-need-faster-payments/