Ripple coin (XRP), the Bankers saving face?
bitcoin·@digitaldr·
0.000 HBDRipple coin (XRP), the Bankers saving face?
<html> <p><center><img src="https://steemitimages.com/DQmWWjpFVAGkXPhdS1pYgw8wMCQKARK5mhxLeXYSndF6kZq/image.png" width="608" height="164"/></center></p> <h2>A Banking legacy begins to fade </h2> <p>Some have memories of when "Too Big to fail" banks received bailouts when the market was crashing. This was caused by bad banking practices and some down right illegal actions. However, most of these practices stemmed from a lack of sound policy from the Reserve bank which prints and regulates US money in the world economy. So, were banks doing what the Reserve allowed regardless if it wasn't allowed by US code, or, was the Reserve turning a blind eye? That requires a lot of free time and a lengthy look into murky Reserve bank policy and wordy legal jargon within the US code.</p> <h2>Banks saving face</h2> <p>One thing is for sure, the whole world depend on banks both then and now. However, because of this crisis we all endured everyone wants to know what they are doing internally. Everyone wants transparency and that is the new name of the game! We, the tax payers, should never have to bail them out, ever! Enter Ripple coin:</p> <h6><center>"Ripple’s solution is built around an open, neutral protocol (Interledger Protocol or ILP) to power payments across different ledgers and networks globally. It offers a cryptographically secure end-to-end payment flow with transaction immutability and information redundancy. Architected to fit within a bank’s existing infrastructure, Ripple is designed to comply with risk, privacy and compliance requirements."<a target="_blank" href="https://ripple.com/technology/">¹</a></center></h6><br/> Ripple is a transparent blockchain based cryptocurrency that is blazing fast. It significantly blows other widely known cryptocurrencies out of the water when comparing authentication and settlement speeds which banks rely on for quick customer turn-around which equals more business within bank business hours. L33t geeks know that banks have their eyes set on Ripple.<br/> <center>Ripple settlement speed<br/><img src="https://steemitimages.com/DQmUUQ2PcLGusF4kdDksAPjzGkhT7sT3qTkpPXCJfgpqJUe/image.png"></center><br/> These are just some of the banks involved with ripple out of 29 total experimenting and getting their banks ready to go live in 2018:<br/><br/> <center><img src="https://steemitimages.com/DQmeXvdHadWAiVoVYaoCZ963NXQNH7F2iwPcoZiCEcfVu5s/image.png"><br/>Image of major banks joining the Ripple(XRP) network.<a href="https://ripple.com/network/financial-institutions/">²</a></center><br/> Ripple has recently hit it's All Time High (ATH) of 0.00024 BTC or, at that time, $0.435 in mere weeks of it All Time Low (ATL) of 0.00000452BTC or $0.0054. Currently XRP sits at 0.000138BTC and is seen by many cryptocurrency traders at a great entry point but others feel that XRP is a bubble and is bound to bust very soon.<br/> <center><img src="https://steemitimages.com/DQmNfRLKUVAvFHph3eEfWFrXzx1d9KcitDoApeMRhcmzFHp/image.png"><br/>XRP ATL<a href="https://ripple.com/network/financial-institutions/">³</a></center><br/> <center><img src="https://steemitimages.com/DQmcBK7EQfS5VsNG6A2hRFHztkuGRcgwDmcee5YUaBHK4je/image.png"><br/>XRP ATH<a href="https://ripple.com/network/financial-institutions/">³</a></center><br/> <center><img src="https://steemitimages.com/DQmX1MQtH3Vr56i7qwRf1JTdzfydwBo59sfppYBsxmUepJq/image.png"><br/>XRP Currenct Price.<a href="https://ripple.com/network/financial-institutions/">³</a></center><br/> I'm no professional but the old saying goes "Follow the money". Where big Banks and fortune 500 Corporation invest and bluid infrastructure big things can occur. Leave a comment below and let the world know what you think. </html>