Why Is There So Much Volume In Ripple Coming From South Korea?

in cryptocurrency •  7 years ago 

My theory is that the Koreans know something that we don't.
Screen Shot 2017-08-23 at 5.27.17 PM.png
The Ripple tweet which was "3...2...1... the count down begins" I think they do have big announcements to make, David Shwartz even said that we should see Ripple being used by Financial Institutions by the end of the year. If Ripple hit 2.25 billion dollars in volume that means that something is going on that we are not aware of In America. Ripple has not been used by banks yet and I can feel that the day will be coming in the near future.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hey guys, I am South Korean. And I think this happens because of the markets in South Korea. There are 3 top markets in Korea and they only have Bitcoin, litecoin, ripple, ETC, DASH, BCC(recently). Only major group of the crypto. So They only focus on getting information of those coins. And recently major media
start to broadcast about the crypto currency and it let many people to start invest .

Interesting @kjooss..thanks

South Korea has been the driving force behind many of the recent rises though... Bitcoin Cash, Monero, now Ripple.
I think it has more to do with the South Koreans' enthusiasm for cryptocurrency than with Ripple in particular.

interesting theory

What do you think will rally next?

Will they be using Ripple as in XRP or Ripple blockchain technology which is owned by Ripple the company.

If the latter then good for them, not those who hold XRP.

Wouldn't it be awesome if a company in Ripple's position pledged to share any investment or income from the technology with XRP holders? But I guess that would make XRP a security and cause all kinds of regulatory issues.

banks save 33% on processing fees using the ILP (ripple technology) and they save 60% or more using the ILP and XR(the currency)

This post received a 4.6% upvote from @randowhale thanks to @cryptotraderx! For more information, click here!

@cryptotraderx got you a $1.7 @minnowbooster upgoat, nice!
@cryptotraderx got you a $1.7 @minnowbooster upgoat, nice! (Image: pixabay.com)


Want a boost? Click here to read more!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by cryptotraderx from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

This post has received a 0.52 % upvote from @drotto thanks to: @banjo.