Is Ripple's (XRP) time finally here?

By Ghengis | CryptoLowDown | 9 Apr 2020

JP Morgan Bank has just made a rather stunning announcement that, whilst it doesn't actually mention Ripple and XRP, it hints that it's happening.

Coincidentally, Ripple has been uncharacteristically quiet this past couple of months, which has been noted by a couple of YouTubers I follow in the last week or two.


They talk about the inefficiencies of the current system. While these scenarios apply both domestically and in foreign trade, they are a particular nightmare for the import/export market. If you have ever dealt with overseas suplliers/customers, exchanging different currencies, trying to confirm payment receipt, missing payments - the whole thing is a nightmare.


RTP (Real Time Payment). The current SWIFT banking system, which is widely used globally, is a complicated and lengthy process often taking 3-5 working days or sometimes longer. It goes through a complicated system of Nostro/Vostro Accounts and many banks and intermediaries.

Nostro/Vostro is Latin for Mine/Yours. Each bank that deals with international payments has to store sufficient foreign currencies in their Nostro Accounts to cover settlement. If they don't have enough, then they have to go through friendly intermediaries to borrow/buy additional funds. This whole process relies on trust and can involve multiple parties, takes time and is very costly.

Using Ripple's software and XRP, any currency (Cryptocurrency or fiat) can be converted in less than 3 seconds.


The wording here is startling - "A Ripple effect of benefits". Of all the words in the English language, why choose "A Ripple Effect"?


Ripple (which is the company) has spent the last 6-7 years developing relationships at the highest levels with Governments and Banking Institutions world wide.

In the above graphic, they talk about bi-lateral communication and more importantly "24/7, 365 days a year".

What can handle payments 24/7, 365 days a year - it can only be a cryptocurrency.

Now, many Cryptocurrenies could technically be used, but only one has the global network of banks using the Ripplenet software that is available NOW.

If I was a betting man I'd at worst rate Ripple/XRP the favourite, at best a shoe-in.

If you're familiar with Ripple and XRP you can stop reading now. The following is a very brief overview for those not yet familiar with Ripple/XRP.


Ripple is a Payment/Settlement company that started in San Francisco. Today it has a value of over $10 billion.

• Founded in 2012

• To realize the vision for the Internet of Value

• SBI Ripple Asia Formed

• To accelerate the commercial use of blockchain in Japan and Korea

• Interledger Protocol (ILP) Launches

• To ensure interoperability among all blockchain and legacy technology

• RippleNet Committee Formed

• To create and maintain a rulebook that ensures operational consistency and legal clarity for every transaction

• 100+ on RippleNet

• More than 100 financial institutions join RippleNet

• On-Demand Liquidity (ODL) Commercially Available

• Customers on RippleNet use XRP to source liquidity on-demand

• 200+ on RippleNet

• More than 200 financial institutions join RippleNet

• Xpring Established

• To build infrastructure and help innovative blockchain projects grow

• UBRI Established

• To support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments

• MoneyGram Uses ODL

• To power their RippleNet transactions between the U.S. and Mexico

• 300+ on RippleNet

• More than 300 financial institutions join RippleNet

XRP is a decentralised crypto currency that was designed to be very fast and was designed with the conversion of Cryptocurrenies and fiat currencies in mind.

When Ripple was formed, it was gifted 60,000,000,000 XRP by the creators of a total supply of 100,000,000,000 that was initially created.

To ensure the market was not flooded by XRP (which would drive the price down) Ripple put 55,000,000,000 into escrow and 1 billion are released every month. As XRP has not yet achieved mass adoption, most of these have been returned to escrow.


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A recent investor in Crypto Currency but have followed crypto for some years. IT background and keen photographer and healthy LCHF eating advocate. Australian living in Vietnam.


Information, News and thoughts on the Crypto marketplace. I'm not a financial advisor, just a Crypto enthusiast and businessman enabling people in Vietnam to buy and sell crypto. Https://

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