https://finance.yahoo.com/news/75-banks-now-ripples-blockchain-network-162939601.html
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From the Ripple web site
Why banks are gravitating to Ripple
Ripple’s value proposition to banking clients is cheaper rates and faster transfer times for international payments. The bank’s customers don’t have to know or care that they’re using Ripple (it isn’t like you’d tell your bank, “I want to send this money using Ripple”), but would certainly notice the faster transaction time than they’re used to." data-reactid="41" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Ripple’s value proposition to banking clients is cheaper rates and faster transfer times for international payments. The bank’s customers don’t have to know or care that they’re using Ripple (it isn’t like you’d tell your bank, “I want to send this money using Ripple”), but would certainly notice the faster transaction time than they’re used to.
Garlinghouse gives the pitch to banks this way: “If your customer wants to send yen to Japan, you are captive to the correspondent banking network and your customer has a bad experience and you, as a bank, have to endure cost to transmit that money.” " data-reactid="42" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Garlinghouse gives the pitch to banks this way: “If your customer wants to send yen to Japan, you are captive to the correspondent banking network and your customer has a bad experience and you, as a bank, have to endure cost to transmit that money.”
Ripple’s Consensus Ledger can process 1,000 transactions per second, and settles an international payment in three seconds on average. (He compares that to the bitcoin blockchain, which has slowed recently to two hours per transaction, creating a debate over block size; to be fair, both speeds are much faster than sending money with a traditional clearinghouse like Western Union.)" data-reactid="43" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Ripple’s Consensus Ledger can process 1,000 transactions per second, and settles an international payment in three seconds on average. (He compares that to the bitcoin blockchain, which has slowed recently to two hours per transaction, creating a debate over block size; to be fair, both speeds are much faster than sending money with a traditional clearinghouse like Western Union.)
Ripple can also be used for in-country payments; many of the banks in Japan are using Ripple for domestic payments due to the sluggishness of the local payments network there. But for the most part, Ripple is focusing on cross-border payments because that’s the biggest pain point for banks and banking customers.
That’s tough talk, and true only to an extent. Chain has partnered with heavy-hitters like Visa, Citi, and Nasdaq, but for now the results have been experiments, trial runs,
or “previews” like Visa B2B Connect.
All the experimentation has led critics to say that the Wall Street interest in blockchain is all just talk, or as IBM blockchain exec Jerry Cuomo puts it, “
blockchain tourism.” Ripple CTO Stefan Thomas acknowledges that the term itself has become a “classic technology buzzword.”
But Garlinghouse is confident that blockchain tech and its many applications will bring about the “Internet of value.” Many have applied that phrase to bitcoin (
causing some contention over who owns the phrase), but Garlinghouse says it hasn’t lived up to that promise.
“We feel like to enable an Internet of value, you have to connect through repositories of value, and those are the banks,” he says. “Where many in the bitcoin community have espoused a view of, ‘Down with the banks, down with fiat currency,’ Ripple has taken the opposite: we think the banks are critical to the future of an Internet of value.”" data-reactid="53" style="margin-bottom: 1em;">“We feel like to enable an Internet of value, you have to connect through repositories of value, and those are the banks,” he says. “Where many in the bitcoin community have espoused a view of, ‘Down with the banks, down with fiat currency,’ Ripple has taken the opposite: we think the banks are critical to the future of an Internet of value.”
What about bitcoin?
“We might end up finding that bitcoin is the Napster of digital assets,” Garlinghouse says. “Napster lived in a world devoid of trademark law, and royalties, and tried to live outside of the rules, and you could say the same about bitcoin. I’m not predicting that bitcoin will go the way of Napster, but I would point out that bitcoin has demonstrated some very cool capabilities that, in the end, bitcoin may not be the best tool for.”" data-reactid="56" style="margin-bottom: 1em;">“We might end up finding that bitcoin is the Napster of digital assets,” Garlinghouse says. “Napster lived in a world devoid of trademark law, and royalties, and tried to live outside of the rules, and you could say the same about bitcoin. I’m not predicting that bitcoin will go the way of Napster, but I would point out that bitcoin has demonstrated some very cool capabilities that, in the end, bitcoin may not be the best tool for.”
Ripple’s digital currency
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Ripple price over the past 3 months (via CoinMarketCap)
Ripple has its own digital token, XRP, and it is often billed by tech press as a bitcoin competitor, but that’s not quite right. Ripple uses it as a settlement token, and banking clients don’t have to use it or touch it at all. It is more of an institutional digital asset than a public investment vehicle like bitcoin, though anyone could buy some XRP if they wish. (Its value has risen 345% in the past year, but in dollars it is worth just 3 cents; again, its trading price is not the point.)" data-reactid="78" style="margin-bottom: 1em;">Ripple has its own digital token, XRP, and it is often billed by tech press as a bitcoin competitor, but that’s not quite right. Ripple uses it as a settlement token, and banking clients don’t have to use it or touch it at all. It is more of an institutional digital asset than a public investment vehicle like bitcoin, though anyone could buy some XRP if they wish. (Its value has risen 345% in the past year, but in dollars it is worth just 3 cents; again, its trading price is not the point.)
Ripple’s XRP coin is “about reducing the cost for banks to fund liquidity around the world,” says Garlinghouse. That can double as a statement of Ripple’s purpose, too. And if its banking clients, over time, decide that Ripple’s rail has reduced friction and made customers happier, expect Ripple to continue adding banks and financial clients, who are itching to show their innovativeness by saying they’re in the blockchain tech space." data-reactid="79" style="margin-bottom: 1em;">Ripple’s XRP coin is “about reducing the cost for banks to fund liquidity around the world,” says Garlinghouse. That can double as a statement of Ripple’s purpose, too. And if its banking clients, over time, decide that Ripple’s rail has reduced friction and made customers happier, expect Ripple to continue adding banks and financial clients, who are itching to show their innovativeness by saying they’re in the blockchain tech space.
—" data-reactid="80" style="margin-bottom: 1em;">—
Daniel Roberts is a writer at Yahoo Finance, covering technology and sports business. Follow him on Twitter at
@readDanwrite.
WELL DAMN *edit I was laughing at the bluntness at first. Now I read your other posts after this one and your math is on point. It may not be too late but you gotta have some long bread to see a substantial stake. The ground floor has risen significantly.
But you do get a sense of how volitile some of these coins can be and the patterns they seem to have that was mentioned in some of those videos posted earlier in the thread.
that's on you. Like LegalMoney said do your own research too. 
