Ripple’s chief marketing strategist Cory Johnson says trading giants like Amazon can leverage Ripple’s cross-border payment solutions. He talked about the aim of increasing significantly and reducing the costs of cross-border payments.. When asked where he sees Ripple in 10 years, Johnson said that Ripple technology will play a key role in helping some of the world’s largest companies move money; that way, big companies will pay their employees in a timely, efficient and low-cost manner.
“Let’s look at the $23 trillion stuck in established Nostro and vostro accounts… They are waiting for their pre-payment because the money transfer is so slow.
So, I can analyze all this and figure out how it looks. I can’t even imagine what a world where we can employ a worker from Bangladesh in America will look like in 10 years.. Or a Thai nanny can send money to her family from Japan to help them have a better standard of living.. I can’t even imagine it, but I’m pretty excited about it.
In general we will see more people working in different companies all over the world working together, doing business, I think it’s fascinating.. It’s not just the change of today’s businesses, it’s also going to change what businesses will look like in the future.. And I think they will be very different.”
Johnson also talked about the role that cryptocurrencies like XRP can play in reshaping the current financial system.
“XRP technology allows transactions to happen very quickly.. The most advanced technology used in the financial industry for cross-border remittances relies on a messaging platform called Swift. Swift was written in 1973 and is operated by a conglomerate of thousands of banks with thousands of employees in Belgium.. To make any changes in Swift you basically have to get all the different parts of the financial system you’ve agreed upon.
So it hasn’t been a hotbed of innovation… And until Ripple’s products arrive, there’s no other way to solve any problems that arise. there has been no technological innovation. Without XRP technology, you wouldn’t be able to change value thousands of times per second.. Moreover, thanks to this technology, it is so cheap.”