Hi, Steemit Friends Today I share a good news for all Indians :-
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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.
At the Scaling and Digital Disruption in Fintech conference, Ripple Vice President Asheesh Birla, said that the company envisions surpassing the adoption rate of bitcoin to ensure XRP becomes the dominant cryptocurrency in the region.
**Giving Away 2 Billion XRP
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?”
Two billion XRP at a rate of $0.44 would cost around $880 million, and based on the all-time high price of XRP, which could be achieved once again in the next rally of the cryptocurrency market, two billion XRP tokens could easily be worth worth roughly $7 billion.
To secure the Indian finance market and to provide financial support to the majority of the population that is underbanked, Ripple initially considered giving away at least $880 million and potentially billions to the population of India.
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It's impressive,but all hopes are still dependent on the decisions that have to come out from govt. and RBI, regarding crypto regulations. It's not necessary that payment gateway have to be implemented for crypto ,but atleast if govt and it's concerned committee approve cryptos as commodities also will play a huge role in the future of crypto currency in India.
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Yes bro nice commitment like your knowledge!! Power.
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Thank you for your compliment. Keep posting .
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Its really good news for all Indians to grab this opportunity ..
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Thanks dear all India with Steemit users will be grow day by day.
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FInally some good news about crypto for Indians
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Yes bro wait some more time big news coming soon for Indians.
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Ripple is aiming at banking sector which help them a lot . Many banks of India have partnered with them
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Yes bro soon Ripple going mars..
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@earn-with-dk I think it's great time to invest in ripple :)
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Ham bro now only invest on Ripple.... Time is "Ripple"
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Wow great news from your blog.
I have invested in ripple @ $3
Am waiting from long to get all time high.
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Soon will be wait & see
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i also read this new tis it good for indians
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Yes bro India will be Crypto Bank after a year or more..
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totally right
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Thanks for your pataince...
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Yes bro you check your profile......
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every crypto want to beat bitcoin but bitcoin is the mother of cryptocurrency and they are very limited in numbers that's why ripple never able to beat bitcoin
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Ya but mind it soon Ripple Price jump...
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ya it will jump for sure bcoz it have many great partnerships
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Ya bro now invest on Ripple.
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This post has received a 5.18 % upvote from @boomerang.
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I have alradey invest in xrp,bur rate is 9000 satoshi .plz give me your advice in furure rate of xrp?
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Continue your good work my brother and please follow me...I will follow you back...👷This small step create a big mgsc community🚩 for you and for me...only follow=follow...Thanks brother...👍
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Yes bro continue support me.. Daily check me & I will check you... After 3 or 6 months u & me will grow more on Steemit.
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Yes bro you are right...
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Ham.... Start now....
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@earn-with-dk we can make a group on telegram in which we contribute each other what say?
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You got a 3.61% upvote from @emperorofnaps courtesy of @earn-with-dk!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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awesome blog sir..
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#binoy, thanks your complement....
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ripple succeeds in building a network of banks
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