A Tale of Two Economies

[Hodor7777]

Blog Location: https://xrpcommunity.blog/a-tale-of-two-economies/

In today's blog I describe how the crypto market exists in parallel with traditional markets, and then cover all the news affecting XRP!

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The UK receives tax guidance for crypto-assets.

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬:  Cebuana Lhuillier signs on as a RippleNet member; The National Bank of Kuwait releases a new remittance app called NBK Direct Remit; Hot Chips releases a tutorial about the XRP Ledger; A computer science major from Stony Brook University creates an app that rewards people in XRP for exercising; and Ripple Drop Episode 8 is released;

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: CZ announces XRP's elevated status as a base currency on Binance; A decentralized exchange, CryptoBridge, adds XRP trading support; Neteller, a UK-based money transmitter and crypto dealer, adds XRP support; BTCEXA, an Australian crypto exchange, adds XRP support; EO.Finance, an Estonian-based crypto exchange that allows deposit via credit card, adds XRP support; and Voyager, an exchange set to open in January of 2019, has stated it will support XRP out-of-the-gate. 

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter: https://twitter.com/Hodor/status/1078259508957319168

[andreibi]

I don't think Ripple or XRP can address the remittance needs of every migrant worker who needs to send money home. Aligning with banks is good but since this is crypto, it must be disruptive and not conforming.

I think ETHA Remittance Solutions is on the right path to this, given enough exposure.

[Hodor7777]

I don't think Ripple or XRP can address the remittance needs of every migrant worker who needs to send money home. Aligning with banks is good but since this is crypto, it must be disruptive and not conforming.

I think ETHA Remittance Solutions is on the right path to this, given enough exposure.

I know you're here to bring attention to your solution, but I actually agree that there will be a variety of players in this space. 

Those that are crypto-savvy like me would just transfer crypto and avoid using a remittance service. 

However, I think that the majority of world citizens will need to make use of traditional banking and remittance providers, and those are the ones that Ripple is targeting with xRapid. 

[andreibi]

I don't think Ripple or XRP can address the remittance needs of every migrant worker who needs to send money home. Aligning with banks is good but since this is crypto, it must be disruptive and not conforming.

I think ETHA Remittance Solutions is on the right path to this, given enough exposure.

I know you're here to bring attention to your solution, but I actually agree that there will be a variety of players in this space. 

Those that are crypto-savvy like me would just transfer crypto and avoid using a remittance service. 

However, I think that the majority of world citizens will need to make use of traditional banking and remittance providers, and those are the ones that Ripple is targeting with xRapid. 

Frankly, I'm not even sure ETHA Solutions will succeed, but all new tech or innovation had in the beginning, different flavors and then eventually one will rise and be dominant among then. For the customer, they get variety in their choices.