Will Ripple Beat Bitcoin in India

Give Away 2 Billion XRP

Presently, by July 12, the price of an XRP is approximately $ 0.44 and the price of XRP at its peak was $ 3.00. During a panel, Birla disclosed that Ripple has planned to give two billion XRPs to the entire population of India so that the process of process can be streamlined. Starting Cryptocurrency.

Birla Told:

"We saw early in India, and we saw two billion people - a big market - and we decided, how do you get two billion people on ripple? Do we give the currency to every Indian, it's two billion It's like - just give it to me? "

At the rate of $ 0.44, the cost of two billion XRP will be approximately $ 880 million, and on the basis of high prices of all time of XRP, which can be achieved once again in the next rally of the crypt0 processing market, two billion XRP tokens are easily Approximately $ 7 billion may be worth.

Ripple

In order to secure the Indian financial market and to provide financing for at least the population, Ripple initially considered at least $ 880 million and potentially giving the population of India to the Arabs.

However, due to the difficulties involved in the process of distributing XRP to the Arabs in this area, Birla said that the company has decided to secure strategic partnership with the largest banks in the country.

"It was an idea but then we realized that if you get the top three banks in India on ripple, then you get 80 percent of the market share, and then we have seen - where is the future? And that's why we have the next five Over the years, a billion people will become banks in India, but they will be banked through their phones. Then we started targeting mobile phone providers and telecommunications Su made. And now, I think that our pipeline of the pipeline to be signed in India is probably 50 percent of the market in India, or integrated into the ripple or deal. "

If ripples are successful in building networks of banks and billions of individual users in India, then the ripple blockchain-based xRapid and xCurrent's liquidity network can be more valuable and most importantly, more efficient than the banking system.

Once Ripple meets most of the bank users and dispatch senders in India on their Blockcon protocol, Birla insists that the company will take advantage of its influence in this area so that the major banks like Wells Fargo send payment to India through Ripple Network Can.

To compete against swift

The products related to the wave and its blockchain are often described as SWIFT 2.0, because they do the same operations as the global banking system but do it faster and more efficiently.

Liquidity and messaging systems like Swift can only get the price if it can add to it the major financial institutions and payment service providers.

Protecting the Indian market and working closely with banks in Japan and South Korea can be an important step towards ripple in setting up a global financial network on the block planes.