Can Ripple (XRP) Save $16.5 Billion for Financial Institutions?
"..Ripple being the third-best currency in the market, still makes up for one of the most talked-about currencies in the crypto community. Partially, this is the case due to the successful penetration of Ripple’s technology xRapid into the systems of various financial institutions across the globe.
Ripple claims that with xRapid, they will be saving over 16.5 billion dollars in fees that could be spent with better purpose. However, financial institutions like Western Union claim that they have yet to see if xRapid can indeed save the mentioned billions or at least millions in fees as Ripple originally claims.
Ripple Claims xRapid Able to Save Billions in Fees.."
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https://globalcoinreport.com/can-ripple-xrp-s...titutions/
Sizeable Growth is Expected for the Blockchain Distributed Ledger Market
"..According to data published by Allied Market Research, the Blockchain Distributed Ledger market was valued at USD 228 Million in 2016 and is expected to reach USD 5.4 Billion by 2023, while growing at a CAGR of 57.6% from 2017 to 2023. The report also indicates that an increase in the awareness toward blockchain distributed ledger applications is expected to provide lucrative opportunities to market players. The Banking, Financial Services and Insurance sector is projected to maintain its lead in the end-user segment. The BFSI segment is projected to grow at a CAGR of 53.9%. Geographically, North America is expected to maintain its dominance throughout the forecast period, owing to the presence of key companies in the region. Chineseinvestors.com, Inc. (OTC: CIIX), SinglePoint, Inc. (OTC: SING), Recon Technology, Ltd. (NASDAQ: RCON), Seven Stars Cloud Group, Inc. (NASDAQ: SSC), Black Cactus Global (OTC: BLGI).."
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https://www.prnewswire.com/news-releases/size...21661.html
Banks Are Quickly Warming to Blockchain & Cryptocurrency
"..For several years banks have eyed the crypto movement with fear and distrust. Crypto’s ability to undermine much of their business model should no doubt be concerning to them, but at the same time cryptocurrency opens doors to new possibilities. The simple fact that decentralized blockchain assets are now a permanent part of the financial landscape should be reason enough for banks to embrace the technology, and now many are beginning to do so.
Although crypto advocates have long asserted that blockchain assets will enable the public to break free from the banking industry, the truth is far more complex. Banks have the capacity to offer many necessary financial services that, at least for the time being, can be very beneficial for crypto users. Cryptocurrency businesses, for example, still need banks for issues such as payroll, fiat conversion, and loans. Many individuals also link bank accounts to crypto exchanges for purchasing.."
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https://www.crypto-news.net/banks-are-quickly...-services/
"..Ripple being the third-best currency in the market, still makes up for one of the most talked-about currencies in the crypto community. Partially, this is the case due to the successful penetration of Ripple’s technology xRapid into the systems of various financial institutions across the globe.
Ripple claims that with xRapid, they will be saving over 16.5 billion dollars in fees that could be spent with better purpose. However, financial institutions like Western Union claim that they have yet to see if xRapid can indeed save the mentioned billions or at least millions in fees as Ripple originally claims.
Ripple Claims xRapid Able to Save Billions in Fees.."
Read more...
https://globalcoinreport.com/can-ripple-xrp-s...titutions/
Sizeable Growth is Expected for the Blockchain Distributed Ledger Market
"..According to data published by Allied Market Research, the Blockchain Distributed Ledger market was valued at USD 228 Million in 2016 and is expected to reach USD 5.4 Billion by 2023, while growing at a CAGR of 57.6% from 2017 to 2023. The report also indicates that an increase in the awareness toward blockchain distributed ledger applications is expected to provide lucrative opportunities to market players. The Banking, Financial Services and Insurance sector is projected to maintain its lead in the end-user segment. The BFSI segment is projected to grow at a CAGR of 53.9%. Geographically, North America is expected to maintain its dominance throughout the forecast period, owing to the presence of key companies in the region. Chineseinvestors.com, Inc. (OTC: CIIX), SinglePoint, Inc. (OTC: SING), Recon Technology, Ltd. (NASDAQ: RCON), Seven Stars Cloud Group, Inc. (NASDAQ: SSC), Black Cactus Global (OTC: BLGI).."
Read more...
https://www.prnewswire.com/news-releases/size...21661.html
Banks Are Quickly Warming to Blockchain & Cryptocurrency
"..For several years banks have eyed the crypto movement with fear and distrust. Crypto’s ability to undermine much of their business model should no doubt be concerning to them, but at the same time cryptocurrency opens doors to new possibilities. The simple fact that decentralized blockchain assets are now a permanent part of the financial landscape should be reason enough for banks to embrace the technology, and now many are beginning to do so.
Although crypto advocates have long asserted that blockchain assets will enable the public to break free from the banking industry, the truth is far more complex. Banks have the capacity to offer many necessary financial services that, at least for the time being, can be very beneficial for crypto users. Cryptocurrency businesses, for example, still need banks for issues such as payroll, fiat conversion, and loans. Many individuals also link bank accounts to crypto exchanges for purchasing.."
Read more...
https://www.crypto-news.net/banks-are-quickly...-services/
