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RE: Why Ripple will Win the Heavyweight Bout Against Swift
Ripple is a stop gag for banks. Chase is creating their own blockchain and I am sure other big banks will do the same. It will have success but the hype should be tempered.
Well, it is true that other big banks could develop their own blockchain’s. However, this would take a few years to be market ready and without a bridge asset like xrp, these blockchains could not achieve the same cost savings of 70% on Swift fx transfers. Any bridge asset that Chase or another bank creates would also take time to establish the same influence, volume and liquidity as xrp. I’m not saying it will never happen, but, in the meantime, the price of xrp will soon reflect its current utility