Ripple Is Expanding To India
(Tyler Winklevoss)
Navin Gupta to lead Operations in India
(Source - Cryptocoinsnews.com)Ripple, a major FinTech Payments Company based in San Francisco is expanding to India by opening a new office in Mumbai, India´s business capital. In an official announcement the company revealed that the former banking executive Navin Gupta will lead the local operations.
It might just be about the right time for Ripple to take this step into the Indian market as the country is known to undergo a digital transformation at the time. Therefore the technologies and Cryptocurrencies entering and targeting this market first are eventually more likely to evolve to one of the main players.
Especially as the Government is working hard on a "Cashless India" there might be no better time for Ripple than right now to conquer the Indian market after already successfully signing up two Indian private banks as Customers last year. Just like Gupta states it himself, Ripple might bring payment services to everyone:
"India is the largest recipient of corporate and retail remittances worldwide, totaling close to $71 billion… Ripple’s instant, cost-effective (...) payments can be a transformative component of India’s economy, helping bring the many who have limited access to payment services into the fold."
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Wawo that great news , ripple will get a bit move with this news , lets see how the indian bank sector welcoming to Ripple .
Well IMO it will more help the people without an access to a bank. As everyone got a smartphone these days they could pay on the go without stopping by at a bank before
Amazing positive update on ripple be on years still hoping to wing good profit from this coin , hope it come to reality soonest.
Some1 sould introduce a crpto like "Bharatcoin"..... that ll be a hit!!
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I didn't know that, thank. Wondering how are they going to implement it in real life and how much time is it going to take. Fingers crossed for them.
Well that's the question for more or less all cryptos out there ;)
Well yes, it is. But when you look at how technology worked in the past 20-30 years, you'd notice that less developed countries without that technology ended up with much better implementation. For example, Central Europe was ahead of the US with mobile phone usage as well as still has one of the fastest internet in the world.
What I mean is that if there isn't much infrastructure to change and you have to build a new one, you may avoid a lot of legacy issues and think of the future only.
Ripple is a great hedge against typical cryptocurrencies. I am very bullish on it and think where it is priced now is an absolute steal.
Ripple is just working together with the banks rather than against them. This might be a good thing at least in the short term.
This coin has a major focus on remittances. There's no doubt in my mind that getting into Africa is going to be a major milestone for XRP.
They've got a good and quite stable value as well, so that it's more interesting for people to use on a daily basis. Other coins are just moving too much so far.
Good post I really like this post, I will wait for the next post
Good news for India. It is a pleasure me to see how this country is developing step by step :)