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XRP could skyrocket above $50 if Ripple gets 10% of SWIFT’s business

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As we all know, Ripple is a blockchain protocol that aims to solve real-life problems such as enhancing cross-border payments. Nevertheless, we also know that SWIFT is handling the world’s remittance payments. SWIFT has about 200+ countries registered on its network. Given that, Ripple is now seen as the biggest competitor to SWIFT at the moment since it provides a faster and cheaper means for cross-border because of its blockchain technology.

Ripple’s powerful technology is now being adopted by banks and other FinTech companies in the world today. Subsequently, there is a striking point that emphasizes that if Ripple could get 5-10% of SWIFT’s business, its price could skyrocket overnight. In this article, we will make a critical analysis of the price mark of Ripple’s XRP, if it attains certain percentages of SWIFT’s business.

Detailed Analysis

The market price of Ripple’s cryptocurrency, XRP, is about 26 cents and the last 24 hours volume is 192 million. On the other hand, SWIFT’s annual volume is about $1.25 quadrillion – that’s about $4 trillion per day. However, if Ripple (XRP) can manage to increase its volume and attain a volume per day the same as SWIFT, we should see a ‘big boom’ in its price.

Nonetheless, from Ripple’s historical data – its highs and lows, Ripple’s XRP average price fluctuation and daily volume within five years is about 7.25% and 191 dollars. If Ripple becomes mainstream and gets just 1% percentage of SWIFT’s business (using SWIFT’s daily volume of about $4 trillion), Ripple’s daily volume would be $47,892,720,306.57, and its price tag would be about $5.57/XRP – this price has the probability to go up if there is a high demand for Ripple.

Also, if Ripple gets 10% of SWIFT’s business, Ripple’s daily volume would be $478, 927,203,065.13 or somewhere near the figure, thus, making the price of XRP to stand at $50 or more.

Furthermore, suppose Ripple if gets a 100% of SWIFT’s business (you never know, emails have replaced posts by almost 100% now, Ripple somewhat is the what email was to post when it started), there will be 25,000 times increase in the volume of XRP. The price of XRP would be $526.96.

These results seem astronomical, but they can be attainable. Ripple can become the only cross-border solution in the world. Moreover, Ripple’s team is doing all it can to improve its technology,  and to offer a better solution for cross-border payments all around the world.

Final Words

Ripple continues to work hand-in-hand with lots of FinTech companies today; not only that, but it is also making its token (XRP) to be at the top of the market.

XRP stands at the price mark of 26.7 cents at the time of writing, but there is a high possibility that its price will increase soon, given the fact that it has become the best choice for banks and other financial institutions. Once the world’s financial sector recognizes Ripple for its global remittances, its token (XRP) price may surge to $50 or more.

XRP has become the third largest cryptocurrency in the crypto sphere today and we shouldn’t be surprised if it becomes the next big digital asset in the market. But as things stand now, all this is nothing more than ‘an imaginary’ calculation.

For such good things to happen, Ripple needs to mark an incredible leap in the global adoption. But, as Swift system is not scalable enough with the modern-day volumes and speeds, there is a good room for Ripple blockchain technology to snatch a good portion of its when it comes to cross-border payments worldwide.

There are almost 8000 banks all around the world, just imagine if only 1000 of them switch to Ripple from Swift, what would be the price of Ripple’s XRP then? Yes, $50 per token might not be the price then, but it will be far more than what it’s now.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by SpaceX on Unsplash

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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Will 2019 be the Year of TRON (TRX)?

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While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.

Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.

TRON in 2018

2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.

The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.

The project was quickly…

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