Home Altcoins News Middle East is the Fastest Growing Region for Ripple (XRP)

Middle East is the Fastest Growing Region for Ripple (XRP)

Middle East is the Fastest Growing Region for Ripple (XRP)

Bank XRP Expressed that:  Ripple CEO Brad Garlinghouse says the Middle East is the company’s fastest growing region.

When asked:  About your growth story, have you been able to come to any new agreements because a lot of the cross border payments the big channels come through this part of the world.

It is really true.  This is a major center piece of remittance networks and certainly the immigrant populations here and in the middle east and certainly here in the kingdom between India, Pakistan, Philippines. These are where there always have been populations which pay very high fees for their remittance traffic and what we are focused on is bringing those down. The middle east has been one of our fastest growing regions.

We have grown network activity for Ripple enabled payments 5 x year on year here in the middle east. They are the fastest growing region. I think it really is only getting started because it is such a center point as you described.

What is it out to you in the last couple of months, in terms of adoption of some of the cryptocurrencies, we have had a rally in Bitcoin again, but it has trickled through the wider crypto space, what would you take away from that?

Well, I think a macro long term view. It is very clear that where we have started may be almost 10 years ago with crypto really being a fringe and edge case.  It has now become mainstream.  The number of people who are holding crypto globally continues to grow very, very quickly. And, there are believers as to how you can use this technology for real benefit, not for just the speculative dynamics associated with those who may speculate it as investors what have you.  Ripple is using these technologies, as it can really improve the efficiency of things like cross-border payments.  Today it could be very inefficient by speed and cost and we could make them real time and very inexpensive.

Community response:  Meanwhile in the US, leaders still think they are leading the world.

Great, US government is dooming its citizens to poverty.

They want Communism not financial independence for their citizens. So yeah.

A wise man once said the thinking man travel’s East.

The US of A is going to be in the dark ages if they don’t embrace this soon.

Unlike the US thanks to Gensler and Pals.

Let’s get the Middle East to buyback all XRP instead of the FED.

Yes, because the SEC is holding back America.

They are sold out and at war with us. Ripple could have established in another country like ETH to avoid US but they chose to stay here. They are punished for that. Sad reality.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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