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Banks Will Never Disappear, Ripple (XRP) in a Pole Position.


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A clear signal that XRP is getting ready for mass adoption:

The World Bank, through its senior finance specialist Marco Nicolli, praised distributed ledger technology and zoned in on Ripple’s xRapid as the transformational technology for future banking.  In a report done collaborated by the Better than Cash Alliance, the World Bank said:

"“In 2018, Ripple, piloted xRapid, a DLT-based cross-border payment solution, along the very competitive U.S-Mexico corridor and financial institutions involved in the pilot saved 40-70 percent in foreign exchange costs. The average payment times were just over two minutes while transfer of funds on xRapid took two to three seconds, with most of the processing time explained by domestic payment rails and intermediary digital asset exchanges.”

A quote from Brad Garlinghouse:

"XRP had a slow start, but once there is regulatory approval, and there is clarification that the asset is not a security but a utility, we shall begin seeing movements in price as banks rush to utilize the network pumping prices as a result."

Source: https://ethereumworldnews.com/banks-will-never-disappear-ripple-xrp-in-a-pole-position/

Edited by cryptoxrp
editorial correction
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Article giving support to the signal 'ready for mass adoption'. "Banks Love Ripple (XRP), Demand Could Drive Prices $0.80".

"Guiding our stance are fundamentals in the last few weeks. Aside from Garlinghouse comments, adoption is picking up, and it’s only a matter of time before banks connected with the RippleNet upgrade to xCurrent version 4. That will push demand.'

Source: https://www.newsbtc.com/2019/05/20/banks-love-ripple-xrp-demand-drive-prices-80-cents/

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