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This article is a good read and discusses what originally attracted me to #XRP. Some striking stats: 1) 20% of all USDs have been printed in 2020; 2) only 3% of Baby Boomers in the U.S. own a cryptocurrency; while 27% of Millennials do own at least one
https://www.morganstanley.com/pub/content/imweb/im/en-us/individual-investor/insights/articles/why-crypto-is-coming-out-of-the-shadows/
https://www.morganstanley.com/pub/content/imweb/im/en-us/individual-investor/insights/articles/why-crypto-is-coming-out-of-the-shadows/
cryptocurrency; 3) Volatility has been coming down 400% per year; 4) cryptocurrency at 1 Trillion with #Gold at $12 Trillion equals tremendous growth ahead: 5) Russia, Ukraine, and Venezuela are the top 3 emerging markets (EM) leading the adoption of Cryptocurrencies.
The article highlights why I originally invested in #XRP. It states “One irresistibly practical EM application for cryptocurrency is the $470 billion market for remittances — the money ex-pat workers send home to low- and middle-income countries.These transfers typically take one
to five days, for a fee ranging from 5 to 9 percent. Today, a payment system using cryptocurrency can send the same sum in seconds, for pennies.” This quote sums up why I invested in #XRP and other Crypto. My reasons have expanded through the years (ie DeFi). Crypto, to me,
eliminates the unnecessary middleman who is interested in only fattening his own pockets, but also, bringing people out of poverty and bringing free markets to everyone, especially the unbanked and underbanked. In fact, Crypto allows you and me to become the bank.
