a reply to: Village Idiot
Most of XRPs clientele are not going to be the B of As of the world. Though they do have a few of those on their list. They are looking at smaller
banks where fees would prevent their further growth. Regional banks and credit unions. Yes, Ripple wants big banks too. But I think they know where
their bread an butter will really be in the future.
You can't take Swift's business away by going after the big guys. You go after all the small to midsize banks and credit unions and take market share
by volume. Eventually, you'll get the big guys to dump Swift, maybe not all at once, but enough to make a real competitive difference.
They do have a client list on their website. Some are large some are not.
Scroll down for members list.
The problem people have with Ripple isn't that it's "centralized"(even though the tech itself isn't XLM is an exact copy), the problem is that people
entrenched in the crypto community don't like that someone is willing to actually create a viable product of real economic value from blockchain
instead of tossing out buzzwords and ideology. People who really think Bitcoin will end banks or fiat currency systems.
That will never happen. Ever. No government would ever allow its chief source of real power to be supplanted by one owned essentially by no one in
particular. It is one thing to allow it to exist in an insular market like the current state of the crypto space; it is entirely another to start
incorporating it into one's own economy at the very fabric of monetary policy- forcing the US dollar to compete in its own turf. There's a reason it's
being viewed as "property". Because the US dollar that is in your account and in your pocket is NOT your property. Money is viewed in the US as an
intangible property as it can be accumulated, but it will always be a FEDERAL RESERVE NOTE. This has not always been this case, but since the Federal
Reserve took ownership of our money it has been. Labeling cryptocurrency "tangible property" is a legal means of effing with the market and stamping
out the competition.
Best way to get around this trap is to use cryptocurrency as a liquidity vehicle. Becoming a reserve cryptocurrency the way the USD is the world
reserve currency. XRP is a liquidity vehicle. It is money like any other money(except it is not inflationary and entirely digital), and this is being
largely targeted at emerging markets. That also means small to medium US banks.
In order to compete with Swift, Ripple will have to go after the small to medium banks in what amounts to un-networked regions in order to create
enough mass to challenge the $23 trillion market Swift controls. They wanna set up shop in Asia, Africa, Central and South America, and build a more
massive market in those areas. They've already dipped their toe into Mexico with Cuallix for cross-border payments.
Another one you should look at is VeChain. This coin is straight up supported by the Chinese government. It's a supply chain verification system
linked to a tamper-proof blockchain that links every individual product, from source to end-user, via a number of input methods. It is being adopted
for luxury goods, but it is meant as a scalable authenticator of an entire supply chain. There is HEAVY investment is this coin and they have
weathered this storm better than just about anyone else because of the massive corporate and government support it has received.
Rightly so, VeChain is SOLVING a seriously huge problem in the Chinese economy; the proliferation of counterfeit goods. It's so bad that even IN China
it's hard to get authentic goods from the companies on the labels. Their supply chain system today is insanely inefficient and offers absolutely no
interoperability from one sector of the chain to the next. VeChain is a logistical game changer.
Another one to look at is IOTA. IOTA wants to create a machine economy based on their token to maintain a vibrant market economy to weather the
economic destruction that is and will be automation. That way when you go to the store(or your robot sex toy goes for you) there is a currency by
which you can buy your party favors.
There's more. But I have to go to bed and I'm tired.
edit on 17 1 18 by projectvxn because: (no reason given)
edit on 17 1
18 by projectvxn because: (no reason given)