Will XRP get used in the current financial crisis? One of the tweets read thus: “If XRP doesn’t get used in this upcoming financial crisis… I will be very disappointed. I don’t wanna hear “oh, it wasn’t ready. There’s no liquidity. The price is too low, etc. “That’s all bullshit excuses. Ripple had YEARS to prepare for this. It was built for moments like this.”
So, what is the point in building the best digital asset and letting the world loose its benefits? Those who are long on Ripple XRP are wondering and are keenly watching.
Sydney Ifergan, the crypto expert, tweeted: “Are investors discussing about some magical solution overnight. Is it about faith? No, it is technology – about Ripple XRP. Execution of payment options for nations now overnight? Not practical. Potential Yes!”
A lot of infrastructure arrangements are to be made for things to work out, not the Ripple XRP way. If they already have it in place, it is for Brad Garlinghouse to put the offer onboard for the government to hear. Which government? Will they bother to hear before it is too late?
The 300+ customers are proof that something can be done at this time of crisis. However, there seem to be no chances for mass rollouts to happen to save the economy. Ripple does have a slow and steady strategy, and they have proved what they can with their already existing customer base. However, adoption at this moment? Probably, more bridges are needed to bridge the entire global economy.
Regardless, the pandemic is too big a scale to judge the potential of Ripple XRP. The pandemic is too big an issue for even the most prepared to deal with.
Will there be a massive XRP sell-off in April? Things are very uncertain, and trends are not following the magnetic needle and the North Pole yet.
Will anyone call Ripple XRP to start acting on the crisis? There are no calls yet.
In the middle of a disaster, the client who most needs the Ripple XRP services, but halfway through the disaster, none of the protocols are going to assist the adoption. May be to prevent yet another crisis in the future. The governments are not even done with analyzing and prospecting on the capabilities of the blockchain and cryptocurrency. They need to know what it is all about to know what to expect. They do not know what to do with it and therefore don’t know what to expect from it. Since they do not know what to expect, they are not going to ask for help.
Probably, when all is over, regulators and governments would be prompted to think what if with Ripple XRP or Stellar XLM.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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