I am a little Old School and still have doubts about the utility and prospects of Ripple coin that is touted as an alternative of SWIFT. I have explained my friends that its not possible to make money with the Ripple XRP. All of them sold at $ 2.75.
My reason is: The market capitalization of Visa is $250 Billion USD whereas Ripple had a Market cap of 120 Billion at the Price of $3. Let's do some number crunching.
There are 3+ Billion Visa Cards issued debit and credit and total transaction in three months or last Quarter was $1.9 Trillion. So they have $8-9 trillion by the end of FY2018 . The company had $7 billion USD last year.
It is high cash flow business with a monopoly.
Ripple on the Other side is not accepted by any bank, no customers (there are only speculators).
The total estimated just $ 44 Million through Ripple.
And this is valued 1/2 of VISA!!!
This is ridiculous, bizzare and insane.