Do you think that Amazon has become so big that it does not need the technology of other companies to keep growing? Think again. If technology is as advantageous as Ripple's XRP and other solutions, then why not? Here in this post, I will try to explain why Ripple's technology would be the best option for giants like Amazon to reach the next level.
So, in recent times, everyone in the cryptosphere seems to be so worried about the market conditions that inevitably many of the owners are starting to succumb to the general pressure, and they're selling their holdings to protect their investments.
In this sense, for a part, it translates into a very understandable action, it just does not seem that the take-off is behind the corner. On the other hand, it seems that many of the enthusiasts and investors are simply forgetting the normal behavior of the sector and how we tend to go from the bottom up to a huge spike in a matter of time.
In relation to this, some of the most important figures in the cryptic world shared their thoughts in an attempt to calm the masses. For example, the CEO of IOHK and co-founder of Cardano (ADA), Charles Hoskinson, recently declared that this is not something new, he said,
"we have been here before" and as we have done before we will manage to take control of the market once again, we just have to remember that it's not a big deal, "it's all right".
Following the line of being calmed down, one might think that this is actually the best time to think about the possibilities that many criptos have and the help they can provide to the whole market. For example, Ripple's XRP, which has the potential for adoption from giant platforms such as Amazon, could give a rapid recovery to current scenarios. Let's see how.
What Ripple has to offer
The rumors of a likely adoption of Ripple's XRP by giant companies are not really new. In fact, at the end of last year, it was already noted that Amazon could add XRP as a payment solution on their platform, which would certainly be great news for the cryptic world if successful. But what does Ripple have to offer that could affect Amazon and other technology giants? Here we list a few features:
$ XRP establishes ~ 3 SECONDS and costs fractions of a domestic cent E cross-border @venmo ~ 1-2 Days🐌 @BankofAmerica ~ 3 -4 days🐌 @Paypal ~ 1 day🐌 @CashApp ~ 1-3 days (standard) 🐌 @PayAnywhere ~ 1-2 days 🐌 @Square ~ 1-2 days (fast deposit) 🐌 #xrpthestandard #xrpthebase pic.twitter.com/5D6O6UpgRd
– MPH (@DigitalAssetXRP) August 16, 2018
- Transaction Speed and Costs: Ripple's XRP has proven to be very reliable and crypto while making a transaction. In fact, the Ripple platform takes only 3.3 seconds to perform a transaction and, when it comes to costs, is by far one of the cheaper solutions in the cryptosphere with a transaction fee of only $ 0.0004, which would be undoubtedly a feature of interest for Amazon.
- Trade reports: Ripple has established the strongest partnerships in the world, and the best is that it has engaged with thousands of banking institutions, thus creating a link between virtual currencies and the normal financial system. In addition, the crypt already has a large number of important awards, such as those of MasterCard, American Express, Banco de Santander, Western Union and others; and this, to say the least, is definitely something that would represent a huge advantage for a company like Amazon.
- Responsibilities: Putting aside the current market conditions, Ripple's XRP has always characterized it to be one of the first 3 cryptos with the lowest value per coin, which, of course, represents a huge advantage if we take into account how it would be the conversion from encryption to fiat currency on the Amazon platform.
There isn There is no doubt that when it comes to considering an encryption to help Amazon go further, XRP is the best option. However, some elements should be considered as a real possibility.
For example, the integration of XRP into each of Ripple's solutions could be an essential step towards broader acceptance and the addition of important exchanges such as Binance and Coinbase.
As for Coinbase, many things have yet to be resolved before it becomes a reality, but when we talk about Binance, the possibility is much closer. Indeed, Wiss Ratings recently stated that " thinks that #XRP is the fastest digital resource to transfer funds between exchanges ." A message they concluded saying that " makes sense only for #Binance to use it as a base #currency ."
We can all be sure that great things will come soon. Will the Ripple XRP be used on the Amazon platform? Stay tuned. We might be surprised.
For the latest cryptocurrency news, subscribe to our Telegram!
Disclaimer: This article should not be taken as and is not intended to provide investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Creative Commons Images