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RippleNet's GM Asheesh Birla on year 2020 (Twitter Thread)


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Great thread from Asheesh...

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All things considered, Ripple had a pretty incredible year in 2020. In my 7+ years at Ripple, I remain insanely proud of what this team has achieved, and I’m bullish on where we’re going. Diving deeper specifically on RippleNet...

We processed ~3M transactions on RN in 2020, and ODL is rapidly growing. ODL transactions accounted for $2.4B in notional value. We planted the RN flag in 18 new countries and signed 15 deals AFTER the SEC complaint was made public. 

APAC is still our busiest region for customer demand and transaction growth. In India, we’re working with 3/5 of the biggest banks, and the MENA-India corridor (one of the biggest in the world for remittances) is rapidly growing - could be our largest soon! 

Every customer and partner joins RN with the same base service and a crypto wallet - RN is designed to seamlessly upgrade and add new services when ready. We are evolving from strictly payments into a platform with tokenized services. 

We purposefully built RippleNet to get FI’s comfortable with using a blockchain-based network for fiat transactions and when they’re ready - flip the switch for ODL, Line of Credit, and soon to come new products ;)

As RN evolves, so do the types of txns we process. We started with remittances because they have the highest friction. These still make up a majority of RN txns, but we’re continuing to expand further into B2B and e-commerce payments in 2021. 

The world is becoming more digital - consumers expect convenience, low cost, secure and scalable services from their financial providers - whether traditional FI or nimble fintech. Our customers are delivering the next gen of financial solutions through RippleNet. 

RN is enabling FIs to deliver solutions that were previously offered only by multinational banks w/out the cost and overhead of legacy systems. If you want to build the future of financial services, come join us! 

And yet, even today, we've our anonymous Fudster's proclaiming "XRP to zero."
SMDH

Original tweet:

https://twitter.com/ashgoblue/status/1353804919992504323?s=20

 

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Great thread from Asheesh... And yet, even today, we've our anonymous Fudster's proclaiming "XRP to zero." SMDH Original tweet: https://twitter.com/ashgoblue/status/1353804919992504

Thank you for consolidating that, twitter dosent read as well. The fudsters started when devs mining BTC realized XRPL is better faster & cheaper than BTC... but they cant mine "free" money.

Excellent news, good to hear some positive developments especially from the emerging India region. Indeed and fortunately it's not only a "US matter", but obviously resolving or settling the SEC matter would solve a lot issues. 👍

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1 hour ago, JASCoder said:

Great thread from Asheesh...

And yet, even today, we've our anonymous Fudster's proclaiming "XRP to zero."
SMDH

Original tweet:

https://twitter.com/ashgoblue/status/1353804919992504323?s=20

 

Thank you for consolidating that, twitter dosent read as well.

The fudsters started when devs mining BTC realized XRPL is better faster & cheaper than BTC... but they cant mine "free" money.

That's the truth of it. It will continue till either BTC market crashes, or these folks sell out (the only thing you can do with BTC).

We are watching one of the biggest bubbles form that I have ever seen with BTC.

Meanwhile XRP is still under valued all these years later... "but that's none of my business" cat meme

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