Just making a post because I want to encourage people to do some research into XDC and other ISO20022 (XRP, XLM) compatible projects.
I'll give an overview of why these projects are great opportunities for investors and why it might not be a good idea for short term profits. Up to you, not financial advice but I will present some information to support my argument for ISO20022 and its potential.
It is up to you to verify the things I am saying.
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So right now we are in the early stages of cryptocurrency and the market is highly speculative. It should be clear to anyone investing in this market that merit and utility does not equal price movement. We are not currently in a utility based market. Right now we are in a market where I can use binance to create my own cryptocurrency for less than $2USD. https://www.youtube.com/watch?v=G6shRPixqVY
Now let's talk about banks and the trillions of dollars that they are responsible for. Bitcoin and decentralised technology represent an existential threat to banking. As personal opinion, I think there is some naivety towards this new technology and how it can be integrated into our society. Banks have been around for thousands of years, they preside of the cumulative wealth of civilisations that risen and fallen throughout the course of history. Trillions of dollars. They are integral to human history and they will not simply disappear. Whether we like it not banks are here to stay, and they have to have a seat at the table.
Enter ISO20022 projects. The aim of these projects is provide solutions to current flaws in the banking system. Basically, they are technologically capable to integrate with the financial markets and banking institutions to improve the way we use money. There are other projects that could perform this role but simply put, they do not have the partnerships or connections necessary be in the position of working with major banks. Furthermore, we see that already ISO20022 has already gained the support of many key players. XRP is currently working with 38 out of 100 of the worlds largest banks. https://dailyhodl.com/2020/01/20/38-of-the-worlds-largest-100-banks-have-tested-integrated-or-invested-in-ripples-remittance-technology-report/
XDC is also forming partnerships with major banks, including 2 out of 4 of Australia's biggest banks. https://www.theislanderonline.com.au/story/7392371/australian-big-banks-joining-the-blockchain-revolution/
If you dig deeper you will find more evidence that they are (somewhat under the radar) forming major partnerships. The media presence of these events is notably smaller then botnets spamming youtube comments to buy funny dog coins etc. Not that I have a problem with people trying to make money on these projects. I'm just saying that ISO20022 is not widely publicised. I do believe people will eventually be rewarded for being early to these projects, even if we don't see surges in the near future (I still think there's a strong possibility we do).
There is more to discuss but I'll leave it there. These projects are the hidden gems in an industry that is finding its feet. They are laying the tracks for a new financial system that uses digital currencies for instantaneous, cheap payments all around the world. They offer 'on-demand liquity' to financial markets. They are set to replace SWIFT and other outdated forms of money transfer. They are well into the process of acquire the partnerships necessary to facilitate a transition to these new systems.
XRP, XLM and XDC all have important use cases in this technological revolution. XDC in particular is a huge investment opportunity because it is currently 1/50th of XRP in terms of market cap. Once banks start pouring money start buying up these assets to facilitate their own needs, there will be huge price movement. This has not happened on anywhere near the scale that is possible in the future.
Not financial advice. Hope that helps anyone who is uncertain about the project. XDC ftw
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