If you want to read it for yourself, here is a link to the full text.
For the TLDR’ers….
This video was to the point and shared the implications for XRP.
This is a link to a YouTube video.
The point is…
If you can spend XRP like any fiat currency for goods (like you can on Rakuten Pay) then the value of the limited supply crypto currency could increase in value (and also increase relative to any unlimited supply fiat used to buy XRP).
If you can spend XRP at a grocery store (just another market place) and it’s auto converted into the local fiat, like paying with my credit card that doesn’t charge a foreign transaction fee….
This is the most bullish example I can think of…. It simply cannot happen…. If it does…. I cannot imagine….
If Ripple can provide a service to other “market places” like Amazon (very similar to Rakuten) such as cheaper worldwide transaction / conversion fees) and Amazon gives the “option” to spend XRP….
I spend my XRP on Amazon for whatever product from \_\_ company and (just like my credit cards that don’t charge me for the conversion) the company gets paid in fiat or whatever currency the choose (crypto or fiat)….
That is what I think Ripple is doing… providing a transaction service cheaper than Swift and by adopting the service, the company allows the “option” to pay in XRP….
Provide a financial service at lower cost to “marketplaces” for just onboarding onto the XRPL ledger. The company only has to allow the option to spend XRP as.local fiat….
Companies get the same product for fractions of the cost and transactions are faster….
Better product. Cheaper price. More market places adopt Ripple’s financial services, more option to spend.XRP….
Why have I not heard this talked about? I cannot be right about this.
Regardless…
That’s why I’m just adding when price tests the low end of the trading range….
Widespread adoption = ability to spend everywhere.
Of course must be secure and no more can be created ever.
You must be able to buy goods with the crypto currency. Not just at certain places, but everywhere.
It would be like a credit card that doesn’t charge foreign transaction fees…
I only use 2 credit cards when I travel. The ones that alllow me to swipe my card everywhere and it is auto paid in the local fiat currency… not foreign transaction fee, no conversion fee….
Rakuten pay adoption and providing the “option” to spend XRP like fiat shows me what Ripple is doing…
It is a long shot and I cannot be the only one who thinks about it like this. Literally no one is saying this, so I have to be wrong.
Who tf knows…
I can wait. Invested with house money. Do not need the money to pay bills or a mortgage..