Ripple Wants to Beat Bitcoin in India, Initially Planned to Giveaway Billions***

earn-with-dk (48)in #mgsc • 6 years ago (edited)

Hi, Steemit Friends Today I share a good news for all Indians :-

images (3).jpeg

Ripple (XRP), the largest bank-targeted blockchain protocol, is attempting to take over 50 percent of India’s finance sector by processing payments with low fees and efficient systems.

At the Scaling and Digital Disruption in Fintech conference, Ripple Vice President Asheesh Birla, said that the company envisions surpassing the adoption rate of bitcoin to ensure XRP becomes the dominant cryptocurrency in the region.

**Giving Away 2 Billion XRP

Currently, as of July 12, one XRP costs around $0.44 and at its peak, XRP was valued at over $3.00. During a panel, Birla revealed that Ripple planned to giveaway two billion XRP to the entire population of India, to streamline the process of introducing XRP to the nation and encourage the usage of the cryptocurrency.

Birla said:
“We looked early on at India, and we looked at two billion people – a huge market. And we decided, how do you get two billion people onto Ripple? Do we give the currency away to every Indian, that’s like two billion – just give it away?”

Two billion XRP at a rate of $0.44 would cost around $880 million, and based on the all-time high price of XRP, which could be achieved once again in the next rally of the cryptocurrency market, two billion XRP tokens could easily be worth worth roughly $7 billion.

To secure the Indian finance market and to provide financial support to the majority of the population that is underbanked, Ripple initially considered giving away at least $880 million and potentially billions to the population of India.

unnamed (3).png

News Link: https://www.ccn.com/ripple-wants-to-beat-bitcoin-in-india-initially-planned-to-giveaway-billions/amp/

Image Sourse:-Google

UniqueBoyDK
@earn-with-dk

#ripple #cryptocurrency #bitcoin #india

6 years ago in #mgsc by earn-with-dk (48)

$8.59

Sort:

Trending

[-]

steemcleaners (83) 6 years ago

Source
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

$1.14

4 votes

[-]

pallabmax (29) 6 years ago

It's impressive,but all hopes are still dependent on the decisions that have to come out from govt. and RBI, regarding crypto regulations. It's not necessary that payment gateway have to be implemented for crypto ,but atleast if govt and it's concerned committee approve cryptos as commodities also will play a huge role in the future of crypto currency in India.

$0.00

2 votes

[-]

earn-with-dk (48) 6 years ago

Yes bro nice commitment like your knowledge!! Power.

$0.00

1 vote

[-]

pallabmax (29) 6 years ago

Thank you for your compliment. Keep posting .

$0.00

[-]

steemitboard (66) 6 years ago

Congratulations @earn-with-dk! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the total payout received

_{Click on the badge to view your Board of Honor.}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Play-off for third result

Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes