Welcome back to another post guys and girls, today we are going to talking about volume.
To give you a few examples on the amount of volume flowing through various systems globally, there is over $10 trillion moving through the U.S financial system each day. SWIFT facilitates $6 trillion worth of payments each day – amounting to an incredible $1 quadrillion a year in value. The forex markets globally transfer $220 billion per hour. This is an extraordinary amount of volume.
We know Ripple are currently targeting the cross-border payments which is worth about $5 trillion a day. Even if we get this amount of volume being moved through XRP we will see price increases like no one expected, and we also know there is so much more that XRP will be used for on top of this. A lot of people think this will happen overnight, but we all need to be patient and realise the task at hand. They need to get all these banks, institutions and payment providers abandon old systems, ‘flick a switch’ as people like to say and start moving value through blockchain and ILP.
It is going to take years for mass adoption and global maturity, make no mistake about it. This doesn’t mean we will not see price surges before then, it just means that the greatest increase in value will come in 2025 onwards.
We are just waiting on volume to be pushed through XRP. We will see a whole lot of positive news and we will be here to provide you with this, as well as dismiss all the FUD that is thrown XRP’s way, but all that is really important is volume flowing through the system and this will take some time.
It is wise to ignore what the price is doing or not get too caught up in this, or how Bitcoin is rising at a much more rapid rate than XRP. We all know that nothing comes close to XRP and we are all holding what will become the most liquid asset on the planet.
As we always say, make peace with your exit strategies and remain level-headed and focused on the bigger picture. Keep accumulating, learning and staying positive and happy.
Written by Dominic Zohreh
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