More than a year ago, on 7 December 2016, I wrote a post Dollar and cryptocurrency. Who will win.
I made the assumption that we will see the same digital replacement of the dollar. And that's happened.
Meet the "digital dollar."
It's called Ripple. The abbreviated name of the XRP.
Of course now many will throw me in Slippers. The type I'm obviously confused, because the story of this coin has nothing to do with the United States. I agree. But let's order.
This coin began its ascent in Canada. Even before the advent of bitcoin. In 2004 a programmer from Canada Ryan Fuger undertook the development of the Ripplepay payment system. Himself whether he invented it or got the job from someone unknown to us. But in 2005 the system was launched. In this system, we developed a special coin XRP, which were purchased to transfer money anywhere in the world, where it is then converted into the local currency. Which allowed to significantly accelerate the transaction of money transfer bypassing with a lot of intermediaries.
In 2011 the team was joined by a Chris Larsen. In September 2013, he became CEO of Ripple Labs Inc. The old team left the project due to some differences. I think that it has played a role in virtually centralization Ripple, although it is regarded as a coin of a decentralized system. But it is certainly not so. Why, I'll write another time.
So. Starting in 2015, the company Ripple Labs Inc begins a very rapid expansion of its activities. At the current time, the coverage of almost the whole world. A large number of banks around the world began to work with this payment system. But the most remarkable thing is that this system works closely Standard Chartered Bank PLC, which is one of the largest in the world and its branches are everywhere. What is this Bank too is necessary to write separately. But its value in the world, is enormous.
Same with this system now operates a large consortium called Global Payments Steering Group.
Well, finally the latest news for 2018. For capitalization Ripple has steadily moved into second place among digital money and is second only to bitcoin. Well the coin rose in price and reached a value of$ 2 per single unit.
I am sure this is not the limit. I think that its price reaches the value of 3000$. At least it is necessary to completely replace American dollars of physical condition in digital.
I am deeply convinced that in the world nothing is done without the knowledge of the United States. And such a rapid increase in Ripple can not be accidental. Moreover, its emissions were virtually held as well as held the issue of the dollar. And despite the fact that the number one billion is, nothing prevents to make an additional issue of this coin. Because it is irrelevant to the blockchain. Yes, and bitcoin too. Although vengeance is trading on the largest cryptocurrency exchanges.
How this coin takes over the world, convinces me that it is very similar to the future of digital dollar.
So, I advise to pay attention to it. But the people of Russia still should be careful with her. Because you can be left without funds in a moment. And without any that will have you on the exchange.
In General I think that in the next two or three years, we learn about the emergence of digital currency, which will be appointed chief monetary unit of the USA and close all the debts of this state. Maybe it will not Ripple. Maybe it's just a rehearsal, "touchstone". But the fact that the dollar in its current form in the coming years will cease to exist, I think is inevitable.
I hope we'll live, we'll see.