CUV vs WU vs RippleThe Ripple Protocol is a system desgined to be used by banks for a faster and cheaper remittance payments.
XRP is Ripple's coin. Thats what investors are investing in. The coin. The banks want the protocol. The protocol is talked to be replacing the decrepit SWIFT system which is slow and expensive.
There are unconfirmed rumours that Western Union (WU) are going to be adopting the Ripple protocol system for faster and cheap money transfers. This caused a spike in both WU's and the XRP coin price.
These rumours are, as yet, unconfirmed but still, it would be interesting if WU was to do so.
WU is a behemoth in the money tranfer system, some reports saying they shave $600 million from Cuban remittances alone due to their 20% fees. I guess logic would dictate that if they wanted to compete with CUV's Revouplay they would have to lower their fees by more than half to remain competitive. Thus taking less than 300 million instead of their 600 just from Cuba.
The Ripple protocol is centralized, compared to decentralized currencies like Bitcoin. The entire point of Crypto's is decentralization. Ripple's cryto is aiming to be the choice of the banks. But with great centralization comes great responsibility. Since Bitcoin is not centralized it is not goiung to be prone to potential seizing by countires law enforcemnet, unlike the Ripple crytpo that can be.
Ripple is smart, IMO, and, full transparency, I own XRP coins myself as I think there is some value in the tech, it is cheaper, faster and has lower feew that Bitcoin and Ethereum. That said, timing, I believe is absolutely everything here. Since WU is unconfirmed in using the Ripple tech, as well as many other rumours that were unsubstantiated around South Asian banks adopting the Ripple protocol, WU are not ready to implement the Ripple protocol into their massive, complex system.
On the other hand, CUV are building their system and will be ready to implement soon, getting first to market and taking market share right away.
There are countless of examples of what I am about to tell you across the globe in many different industries. Large companies would rather acquire than build and implement. Instead of building a television service, Google bought Youtube. Instead of building a home network they acquired Nest. Instead of Amazon building and marketing grocery stores they acquired Whole Foods. Instead of Aurora Cannabis developing greenhouses and other techs they have instead opted for controlling stakes in greenhouse companies, extraction companies like Radient and others.
It is cheaper for large companies to allow someone else to do the leg work, prove it is a success and acquire them than to do the leg work themselves.
Another note, WU would have to scale down their fees and take a loss, whereas CUV are scaling up their development for large profits. Why wouldn't WU simply look to acquire CUV and add them their porfolio, providing another revenue stream?
We have nothing to fear from Ripple or their XRP coin. So what if WU does eventually adopt the Ripple system? There is already PayPal. Why arent we stressing about them? There are other money transfer systems. Why aren't we concerned about them? In a country where there is no love for large US companies, Western Union is suddenly being pegged as a great loss to it's people.
WU might adopt the protocol but they are nowhere near ready to implenent it. We are ready to implement ours.
Ripple might sign deals with a bunch of banks but so what? Moving forward we are going to have some competiton, doesn't mean we are not going to see competition or a healthy stock price.
Auroroa, Canopy, Organigram, Aphria, Cannimed and related companies like Radient, THC, Namasate.
Bitcoin, Ethereum, Litecoin, Ripple, ARN, Stellar
Numerous Junior miners have been successful.
My point is that all these companies/currencies have had competition but if you invested in any of them a year ago you would be very successful indeed. None are out of business, all are still growing.
The comments I read on year about being crushed by Ripple is a joke. Either outright bashing or grossly misinformed. Or, quite simply tunnel vision. Many companies can excel in the same or similar fields.
We have a speciality, we have an untapped market and we are very near to market ahead of any others.
If you want to sell and move on, do it. Heck, buy some Ripple, it could do well for you. But CUV aint going anywhere...anywhere but up.
In the words of someone we have been speaking with often: "Anyone who sells CUV within the next 30 days will live to regret it."
Hope you sellers have strong stomachs
GLTA
https://boxmining.com/what-is-ripple-and-xrp/