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Ripple is not just a crypto currency.
Ripple is designed for speed and lowest fees. It is eventually going to replace SWIFT - International Bank Wire transfer which is very slow and charges very high fees. Banks have been testing Ripple's xRapid and are successful in sending funds at high speeds with fraction of the cost. Ripple made a substantial investment in Moneygram. Ripple could become new standard for cross border payments. Ripple has active partnerships with more than 40 banks and some of them major. More than 50 banks are testing Ripple.
So long term prospects for Ripple are very good. With this SEC lawsuit out of the way whenever that is, it could skyrocket.
So Ripple is not dead.
Ripple is designed for speed and lowest fees. It is eventually going to replace SWIFT - International Bank Wire transfer which is very slow and charges very high fees. Banks have been testing Ripple's xRapid and are successful in sending funds at high speeds with fraction of the cost. Ripple made a substantial investment in Moneygram. Ripple could become new standard for cross border payments. Ripple has active partnerships with more than 40 banks and some of them major. More than 50 banks are testing Ripple.
So long term prospects for Ripple are very good. With this SEC lawsuit out of the way whenever that is, it could skyrocket.
So Ripple is not dead.
Ripple is different from XRP, the Company, Ripple may survive but the coin ,XRP, might not or just plummet to zilch. Wonder what Joel Katz (CTO) thinks about this.
