hello friends,

Ripple (XRP), the largest bank-targeted blockchain protocol, is attempting to
take over 50 percent of India’s finance
sector by processing payments with low
fees and efficient systems.

2 BILLION XRP GIVING AWAY

Currently, as of July 12, one XRP costs around $0.44 and at its peak, XRP was valued at over $3.00. During a panel, Birla revealed that Ripple planned to giveaway two billion XRP to the entire population of India, to streamline the process of introducing XRP to the nation and encourage the usage of the cryptocurrency.

Birla said

“We looked early on at India, and we looked at two billion people – a huge market. And we decided, how do you get two billion people onto Ripple? Do we give the currency away to every Indian, that’s like two billion – just give it away?”

RIPPLE FINDS MAJORITY

Once Ripple finds the majority of bank users and remittance senders in India on its blockchain protocol, Birla emphasized that the company will leverage its influence in the region to convince major banks like Wells Fargo to send payments to India via the Ripple network.

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