Ripple Google Pay Partnership - Why Google Pay Needs Ripple (XRP) - XRP Price Prediction
Android Pay branded to Google Pay.
It does not take a rocket scientist to realize that the search engine giant is feeling the
heat with respect to mobile phone payments and the ease consumers are embracing such
forms of commerce.
You can also see that this action by Google might be in response to the constant popularity
of cryptocurrencies and the release of Litepay.
Litepay promises to be first in market to providing a gateway for cryptocurrency owners
to pay for regular goods and services using Litecoin.
It is with this premise and the rapid evolution of payment service providers that it would
be prudent for the cool guys at Google to reach out to the Ripple (XRP) team and Brad
Garlinghouse in a partnership that I believe will cause major seismic activity in the Crypto
Verse, Internet and generally change the world of global commerce as we know it.
So why does Google Pay Need Ripple (XRP)?
The first reason is a bit unusual in the sense that it is not technical.
Google needs to link up with Ripple for the simple fact that Ripple (XRP) has the momentum
going.
Whenever we open the internet, we see a new partnership or a new bank willing to work
with the Ripple Team and the payment settlement solutions offered by them.
One recent example is the testing of Ripple's money settlement services by The Saudi Arabian
Monetary Authority.
This organization is the equivalent of the central bank of the Kingdom.
This partnership will see Saudi Arabian banks using Ripple's xCurrent software and infrastructure
to settle payments more efficiently.
Google needs to grab on this momentum that Ripple is exhibiting and also partner with
them.
The second reason why Google Pay needs Ripple, is the highly publicized benefits of using
Ripple as a payment option.
To start, the transaction costs are cheap.
It only costs 0.0004 dollar per Ripple transaction.
Each transaction takes 3.3 seconds on the Ripple network.
This lighting speed is congruent to Google's search engine speeds that return instant results.
The partnership can even be dubbed as the Lighting Partnership!
Wooooo!
Like the Legendary Ric Flair!
The third reason Google Pay might need Ripple (XRP) is the interoperability and integration
with other money remitting service providers that are already planning on using Ripple.
Moneygram and Western Union have partnered with Ripple and are testing the Ripple network
for the back end payment settlement system for money transfers.
The Ripple Network could end up being the backbone of all money remitting services and
Google Pay would have a smooth time if its payment settlement system is also by Ripple.
Think of it this way; Google Pay, Moneygram, Western Union and Banks are the four wheels
of a vehicle and Ripple is the chassis that holds everything together.
I am sure by now you are wondering what such a partnership between Google Pay and Ripple
would do to the price of Ripple (XRP).
In an earlier article, I had mused on the effects of Ripple (XRP) being used for all
the global money settlement services around.
Such a strategic hostile takeover of Ripple for all money settlement activities would
result in the coin doing a whopping 692.30 dollars!
Why and how?
Because the market cap of such global transactions is 27 Trillion dollars.
Then you divide that by the amount of Ripple (XRP) coins in circulation, and you get the
692.30 dollars.
In summary, and what I am trying to put forth, is that it will be in Google Pay's best
interest if it were to partner with Ripple as it moves ahead with its plans of having
a payement services app.
The tide is quickly turning from traditional fiat, VISA and Mastercard; and is now leaning
and furiously knocking on the doors of cryptocurrencies and blockchain technology.
Ripple is the best fitted coin and infrastructure to open that door.
Yes, many analysts recently predicted that the price of the ripple would rise to 99 dollars
and even 600 dollars.
According to you, the price of ripple will be how much?
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