This stuff is up 21% over the last week. It’s moved into the 2nd/3rd spot behind BTC by market cap, and volumes are keeping pace with ETH. Plus, it’s commercial XRP-based payment system just launched with 3 actual businesses. Yes, it’s being used for something people put value by people, by actual people! Imagine that!
Pretty big news I think. Let’s see how many more financial firms hop on this in the coming year. If a Western Union adopts it, can we all say, “Moon!”
I know, I just wanted to get in on pumping XRP. WU has actually come out saying that using Xrapid wasn’t any cheaper than using their own in-house tech. I’m assuming that has more to do with WU’s business and not so much Xrapid. And they’re a big boy. Blockchain and something like xRapid is clearly a competitor to their way of doing things.
What do you expect them to say - “Well, yes, our competitor that is aiming to disrupt the niche is better.” ?
Anyway, them being similarly priced is not a good thing. If a new emerging tech can achieve the same pricing as a big player on the market - that’s not a good sign for the big guys.
What is even more interesting (to me) is what they do not mention - the execution speed. If the transfer is faster but priced the same as what a regular money transfer would provide - which one would you choose?
Also, xRapid being a new tech I would only expect it to grow and evolve. After all they have just started and this means that they will improve and upgrade -> companies like WU will have to do their best to stay competitive.
And this is a good thing for the regular Joe. The open market competition will drive everyone in that market niche to upgrade and evolve in order to stay competitive and keep their marketshare. We will all benefit from it. More competition = more benefits for the users/customers of said market. It’s the theory of evolution in play = evolve, adapt, overcome or you will be pushed out and die.
This here, I think if WU released the execution speed, and still weren’t positive on the use publicly, I’m sure investors and customers would begin to question the management team. Like you said, understandable for them to downplay the trial.
Honestly i prefer Stellar but because Uphold didn’‘t add it yet, i’ m holding ripple. I hope the xrp above usd 0.79. But slow trend here. Consolidation area since january.
okay… interesting, thanks. I guess we need to see that happens with bitcoin, and see if it’s april 2019 surge pushes the other coins on an upward trend too, and maintains it