This 1 Key Category Could Drive XRP to $3 and Beyond, but Does It Make the Coin a Buy?
The target market for XRP (CRYPTO: XRP) is the financial industry. That makes sense, given that the chain's focus is on providing nearly free transactions which close roughly as fast as swiping a credit card. But banks and other financial institutions aren't the only organizations that stand to benefit from those capabilities.In fact, there's another category of potential users of XRP that could demand so much of the coin that its price rises for years on end, potentially surpassing $3, assuming they actually hear about it and decide to use it. So does this possibility make the coin a buy, or is the opportunity too uncertain to confidently invest on?People tend to migrate toward sources of economic opportunity. Often, this leads people to cross international borders. Then, once those people have an income, they very often send some of their money to family in their home country in a transfer called a remittance.Continue reading
The target market for XRP (CRYPTO: XRP) is the financial industry. That makes sense, given that the chain's focus is on providing nearly free transactions which close roughly as fast as swiping a credit card. But banks and other financial institutions aren't the only organizations that stand to benefit from those capabilities.
In fact, there's another category of potential users of XRP that could demand so much of the coin that its price rises for years on end, potentially surpassing $3, assuming they actually hear about it and decide to use it. So does this possibility make the coin a buy, or is the opportunity too uncertain to confidently invest on?
People tend to migrate toward sources of economic opportunity. Often, this leads people to cross international borders. Then, once those people have an income, they very often send some of their money to family in their home country in a transfer called a remittance.
