There's a big difference between most crypto's and XRP, some estimates are over 90% of today's Crypto's will eventually go away. Ones that markedly increase utility and do things cheaper are the ones that will survive. XRP transaction fee around .0025, average transaction time is under 4 seconds ( I haven't seen a transaction that takes over one minute. It handles all currencies or a basket of them and can be used to purchase PM's. Customers can purchase metals like gold, silver, platinum, palladium, and rhodium.
. SWIFT fees "The average Swift money transfer fee is around 0.5% to 1% of the transfer amount, but it can go as high as 3% in some cases." "
SWIFT execution time "On average, they take about 18 hours to process, and two-thirds of them arrive within a day."
Great.
Is XRP code open source? If so, why not launch the exact same thing, and have that exact same thing do what XRP does? The reason to do this is that the US government and new buyers can own the new "XRP-ish" crypto, rather than the current owners of XRP.
Why make the current owners of XRP fabulously wealthy when the US government can instead make profit for itself with a new "XRP-US-Govt-Approved" crypto?
Everyone knows that users don't want to adopt someone else's platform because the benefits of that adoption go mainly to the owners of the platform. If XRP is better at wire transfers that the current system, don't use XRP as a new standard. Just replicate XRP, with the US financial system and/or the US government owning the majority of the new coins, so the US financial system and US government can get the benefit of the adoption of the new coins.
To do otherwise not be a fiduciary use of the US financial system. |
