Ripple and XRP are in a great position now since they have other very influential players pushing their technology.
- The IMF with Christine Lagarde talking about Ripple, telling banks to adopt this new tech or die. I believe the IMF has set up meetings with
Ripple and central banks as well. At the big meeting with central banks in New York with Ripple, the first presentation was by the IMF.
It would make sense the IMF set this up. How are Ripple otherwise meeting all these central banks? That’s not normal for a startup.
But to go straight to the top is huge for Ripple. Just look at their deal with the Saudi central bank. This sends a signal to the whole middle East.
- You have the World Bank that recently published an article showing the benefit of Ripple’s system, telling others to join.
- SBI of course with Mr Kitao. Not only do they own 10.5% of Ripple but mr Kitao is now on Board of Directors at Ripple.
His plans are to make Ripplenet and XRP the global standard, replacing SWIFT. To have this massive Japanese conglamerate behind it is huge.
- r3 of course which ties in with SBI, since SBI has a joint venture with r3 where SBI owns 60% of it.
Corda Settler of r3 can settle in XRP and is the first settlement mechanism. Mr Kitao has expressed that he wish for Ripple and r3 to work together. r3 has
a large set of clients, some of the biggest banks in the world.
- You also have all these software providers that can work to integrate Ripplenet to banks.
If you haven’t seen the Temenos T24 video on youtube, watch it. The software integrators essentially push
the banks to integrate Temenos T24 and they explain all the benefits of Ripple’s system. They thus are a third party pushing these banks to integrate Ripplenet.
- Interledger protocol is an open source project but XRP will be the most suitable bridge to transfer
value. There you have W3C integrated ILP, Mojaloop uses ILP as well as Applepay. This all builds the infrastructure where XRP will be used as a bridge. All these players integrating ILP helps XRP in the future.
So what we see here are all these players helping to
expand the ecosystem of Ripple and XRP for the future. It is thus a lot more players involved than simply Ripple to create the internet of value where Ripplenet and XRP are at the center.
This is a unique historic event. The internet of value is being built
#xrpthestandard