Ripple And XRP: 2020 To Bring A Revolutionary Way To Pay For Goods And Services
2019 is about to come to an end, and unfortunately, the last days of this year have brought some unfortunate events into the crypto space such as the massive crypto purge performed by YouTube.
Massive crypto-related content has been taken down by the video-sharing platform, and things are being analyzed as we speak.
On the other hand, this year has been a pretty great one for the projects behind the most important coins in the crypto space.
Despite the huge volatility of the prices in the crypto market, the projects behind the coins have been marking massive developments and achievements this year.
More than that, we’re getting closer and closer to the huge goal of mainstream crypto adoption.
2020 to bring new ways to pay for goods and services
Ripple senior vice president of customer success, Marcus Treacher said that he’s looking for blockchain and crypto assets such as XRP to change the way in which people pay for goods and services in 2020.
According to Treacher, there’s one use case in particular that could make it much easier for travelers to spend money without having to rely on debit and credit cards which charge massive foreign transaction fees.
“Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account,” he said.
He continued and explained, as cited by the online publication the Daily Hodl that “If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!”
In other news, Ripple has recently made headlines when the firm has been just called the second most valuable company in the crypto industry right behind Bitcoin mining giant Bitmain, according to crypto research company Messari.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.