Ripple, The parent of the cryptocurrency XRP is set for big gains over the next two months and I will try to dispel some myths, criticism and misinformation that it has received for as long as the currency has been in the limelight.
The first thing I want to mention is that the global markets for stocks, Gold, Silver and cryptocurrencies even the housing market is constantly manipulated by – the powers that be.
Secondly, XRP is solving a liquidity issue that no government officiated currency could solve.
The way currencies are supposed to work is that by working, trade and mass adoption the value of the currency inflates because of public use. The more spent, the less there are and the more valuable it becomes. It is for this reason gold was the original currency used for millennia before the Gold back dollar came in the early 1900’s. There is a whole load of reasons why the people of western economies have lost their purchasing power.
One I will mention is inflation and quantitive easing. Printing more money by the billions to solve a debt issue pushing that money out of the country; further devaluing the currency in the marketplace. You can see this apparent in Greece & Turkey.
You should already know the problem that XRP solves, if you do skip the next two paragraphs, if you don’t you can read below.
XRP is firstly solving the issue of cross-border transfers, the idea you have to exchange the pound into an intermediary currency before it can be converted into the desired currency. There are lots of currency exchange companies that profit and are very successful because they solve this issue and they charge high fees.
Banks have the same issues just magnified. To summarise the issue they face, when you send a payment to another country the banks have to facilitate that, and just because you receive the money in a day doesn’t mean it takes a day to settle a settlement. It often takes a few days and your receiving bank dips into their pockets and pays you so you’re not waiting a week. Globally there are trillions in (Nostro) accounts in other countries to facilitate you getting your money with ease. The banks had joined together to create a company SWIFT to facilitate these transactions, and they handle on estimation 6 trillion per day. The fees are very high and it takes too long. The customers don’t like this and neither do the banks (Regardless of what news source you read – they’re all planned manipulation) XRP solves this issue as it can convert any currency from XRP and it is the cheapest in fees, you can make complex transactions that take days to happen in a moment.
Though it’s not explicitly confirmed, it is widely believed that SWIFT GPI is utilising XRapid as a plug-in. It is known that from November 20th SWIFT will have updated its software and by the 30th all the banks will be locked out of the software by Temenos until they update.
What is important and exciting to XRP investors, speculators and such is that the software SWIFT GPI is a plug-in for Ripplenet, which comprises Xvia, XRapid and XCurrent. At first, these were separate software solutions that banks could pick between in the prior three years of testing but now Ripple has combined the three products to make the Ripplenet convergence. Which automatically takes the power of choice from the banks who in choosing how they want to liquidate their transfers. Before they could settle fiat to fiat with xCurrent but now the software automatically liquidates transactions using the cheapest method, which is consistently, always Xrapid.
Common criticisms are that we have not seen price action since October 3rd when XRapid went live, what is ignored is the fact that recently XRP has been leading the market in percentage gain, well over bitcoin.
Also, October 3rd was not the date to wait for, the real date you want to look at is the 18th of November, the 20th of November and the 30th of November. The 18th is when Swift GPI goes live, so from the 19th we should see a big increase in price gain. The 30th is when all banks will be using Ripplenet to liquidate cross-border settlements. Those are the days we will see a price gain.
There are a lot of rumours surrounding this currency, it all builds from the excitement that a currency that sees volume from 200 billion upwards will be seeing an increase to over 6 trillion. This changes the game for cryptocurrency and it will change peoples outlook towards it, this coming bull run will be one to remember but don’t sell early.
There have been insider rumours spread to the public by two online anonymous personalities, The BG’s and Ripple Riddler, there is a community of people that decode the riddles and messages that we have received as they don’t just give us the information. And it has been verified that the people behind those two personas are insiders and do in fact have information the general public don’t.
One of the more famed predictions is the price hitting $589. I will now dispel some myths about why this can happen in such a short time.
Firstly at around 30 cents, the burn rate of XRP is 4000 coins per day, as the price doubles because of volume so does the burn rate. As six trillion comes in, the price will skyrocket and people don’t take into account how much of the active 39 billion is lost.
Secondly transfers with XRP favour a higher price, because if less XRP is used, the cheaper the cost of the transaction.
Thirdly as much as there are 60 billion in escrow, these are for institutions and banks and governments. Ripple have ties with the IMF, SWIFT, and SAP & Temenos. Sap provide the software for over 41000 companies. Temenos control SWIFT and Temenos love XRP.
It is highly unlikely we will see much of that 60 billion released to public exchanges for retail traders to invest in.
Fourthly the US dollar is losing its value now newer options are available. Countries like Russia and Venezuela don’t want to use the Petrodollar system to move money across borders.
Fifthly the world is tired of waiting days to receive payments. And we will see volume from infrastructures aside from this.
Apple are integrating Ripple’s software in Safari, Google are partnered with Ripple. And Coil, another Ripple product, will follow the trend of ‘donations over advertising’ by allowing micro-donations. These are all points that are indicative of a new Internet, commonly referred to the Internet of Value, or Web 3.0. And because SWIFT is a US company, it was easily controlled to exclude Iran from having any access to a global payment infrastructure. The US has made decisions; the rest of the world don’t agree with. Thus people don’t want the US dollar to remain the global currency of trade and to have such control.
The US Federal Reserve is mainly to blame for the financial crisis in Greece and Turkey.
Back to Ripple let me point out that Ripple have partnered with Viamericas and MoneyNetInt, Western Union, MoneyGram and way more payment processing companies. SBI of Japan, Santander and Google remain Ripples biggest investors. And the Bank of England, Canada, America and Saudi Arabia are also partnered with Ripple. Barclays, Lloyds, HSBC – the list goes on.
NASDAQ, Fidelity and Bakkt, NYSE and Goldman Sachs have created their own Crypto exchange. Fidelity alone has assets of over 7.2 trillion. So while it may be labeled a use case for criminals and tax evaders, just know the elite are pouring their money into it for trillions to be invested by institutional investors and wealthy retail traders.
Being an early adopter in Ripple will change your life because it is like investing into Facebook stocks in 2004 if they had them, but you’re investing into a currency, that will grow over time and has no ceiling in what price it can reach.
The economist magazine thirty years ago let us know of a new world currency with the dates ‘Ten.10.18’. On that day we saw the Dow Jones plummet a thousand points and people criticise saying it wasn’t bad enough to indicate a change in times, but that was just the start of it.
If you believe the markets are rigged, it shouldn’t be a surprise to you that there are people that do satanic rituals to get a result they are looking for. If you think thats absurd it shows you don’t know much. Anyways it is a popular belief among those who know, that this date was the start of a ritual to bring down the markets, and in turn bring up cryptocurrencies. And 33 days later (They love numbers – 33 Represents the crucifixion of Jesus) We should see a big crash on the 11th of November and if we don’t well I guess I am wrong and this world isn’t as evil and manipulative as a growing number of people think.
But even if I am wrong, you should check out the To The Lifeboats youtube channel for real understanding for the times that are imminent.
You should take the future into your own hands, and buy XRP, as it will soon replace the dollar for international transfers. The US wants this because they’re heavily invested and the higher the price; the wealthier they get.
If you want to change your life, this is probably the only opportunity you have. So do so, or work a job and struggle through the coming recession and bear markets. It’s your choice, but I have written this article so you know what is coming.
If XRP hits $589 by the end of the year. You can expect it to be worth double next year and $10,000 dollars in five years time. There are rumours of an overnight price jump pending sometime in November, it will jump so quick that many sell orders will not be filled and this will discourage more poor people to invest in a coin thats worth £25 and wait for a dip. That dip won’t be big, not with such volume. I believe it will be between the 5th and 18th of November, So you have three weeks if you’re lucky to buy in and hold.
XRP Tip Address
List of Ripple Partnerships
To The Lifeboats Youtube Channel
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.