XRP and the Cashless Society
by Ken Carabello for JetPay
Just think! you'll be able to go anywhere, or be anywhere. And you won't have to worry about having cash on you. All you'll need is your mobile device. And if you decide to go to the beach? Hey, lock your mobile in your hotel room safe. Then swim away! When you get back to your hotel and retrieve your phone, everything you need to move about freely in a cashless world will be in the palm of your hand.
Aside from mobility, another benefit of the cashless society that's coming (and is partly already here), is transaction speed. Time is money. It is also the scarcest resource there is. Once it's gone, you never get it back. It is therefore far too precious to waste, waiting for a slow e-currency transaction to go through.
Say you want to send money from your crypto exchange wallet to your mobile spending wallet. If you do it with XRP, it takes only 4 seconds. And it costs almost nothing. This is thanks to Ripple, the company behind XRP, and the lightning fast transaction technology that they have in place – namely RippleNet.
Ripple's technology is so effective in fact, that more and more banks and governments have been adopting the technology. Soon, XRP will be a ubiquitous form of exchange. And with the onset of satellite internet, you'll be able to transfer and receive XRP anywhere on the planet.
So by all means, take a dip. You deserve it. And rest easy knowing that XRP and RippleNet technology have you covered. Soon, you won't need cash at all.
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