Ripple acquisitions
A senior executive at one of Asia’s leading financial firms just made one of the clearest institutional cases for $XRP XRP heard in recent months, and the numbers he cited are difficult to argue with.
Sagar Shah, Chief Business Officer of EverNorth Asia, sat down for an interview covering the XRP Ledger ecosystem and its potential role in global finance.
“Structural to Finance”
Shah did not hedge his view on XRP. “I see XRP as being structural to finance,” he said, “and I see a lot of potential, a massive amount of potential for XRP.”
The foundation of that conviction starts with the cross-border payments market, which Shah described as fundamentally broken at its core. “Cross-border payments is a market worth over $150 trillion per year,” he said, “and the existing system is just really poor. They charge 6% just to send maybe a $200 payment across the border.”
To put that in perspective: a 6% fee on a $200 remittance means the sender loses $12 before the recipient sees a cent. Multiply that across trillions of dollars in annual flows and the inefficiency becomes a structural tax on the world’s poorest and most financially underserved populations. XRP, built specifically to solve exactly this problem, is positioned at the centre of that market.
