Jump to content

  • Advertisement

Ibis adds Ripple connectivity to SWISSRoute, offering both Swift & Ripple in one platform


Recommended Posts

I have made rough estimation how big news RippleNet integration into SWISSRoute.

Of course more accurate estimation can be made (ex. I wasn't working numbers from same date), but just I wanted to get some impression what it means in numbers.

https://issuu.com/ibismarketing/docs/swissroute_total_messaging_brochure
(2014 - 33 million messages/ MONTH - [SWISSRoute])  ~= 1 million messages / DAY

https://www.swift.com/about-us/swift-fin-traffic-figures
(2020 Jun - 37.9 million FIN messages/ DAY - [SWIFT])   [I am not sure if it's enough to calculate with only FIN messages]

SWIFT handles 5 Trillion / Working day ==> 5 * 23 / 30 == 3.8 Tillion / DAY


1/37.9 == 2.6% of SWIFT message go through on SWISSRoute.
===> 100billion $ / Day (if equally distributed) 
===> assume only 5% volume goes through on RippleNet of Total at first (because It seems RippleNet messaging part is far efficient than SWIFT).
===> 5 billion $ / Day on Ripplenet ==> "In Q2 2020, ODL accounted for nearly 20% of RippleNet volume." (https://ripple.com/insights/q2-2020-xrp-markets-report/) ===>
1 billion $ / day XRP volume.

Summary:
I used rough estimations at several place and finally I got that the SWISSRoute integration might cause around (100 million - 1 billion $/ Day) utility volume growth on XRP ledger at first.

Let me repeat myself: I might wrong...


 

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Advertisement
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.