Ripple announced his bold plan to defeat Bitcoin in India. Ripple is one of the largest blockchain protocols and is trying to capture nearly 50% of India’s finance sector through low fees and efficient transaction processing.
At a recent conference on Scaling and Digital, Asheesh Birla, vice president of Ripple, said the company plans to make Ripple (XRP) the most common crypto in India.
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The company plans to give up 2 billion Ripple in India. This procedure will simplify the Ripple processor and aims to encourage Indians to use XRP.
During the same conference mentioned above, Vice President Ripple also revealed that the company plans to simplify the crypto process by giving away billions of XRP.
Birla stated that she was looking at India and billions of people and saw it as a huge source of investment and market.
Ripple wants to support and secure the Indian finance market
So things did not stop here, where Ripple was also thinking of giving up $ 880 million and billions of Indian people in order to provide support and secure the financing market here.
This process is very difficult and Birla said that Ripple eventually decided to secure a partner with the largest bank in India.
During the conference, Ripple also said that they are planning to make the top three banks in India to be on Ripple.
The team also predicted that within 5 years, billions of people would become banks in the state and would do the banking on their phones.
Birla said their goal is to communicate with most of India’s disadvantaged population to get XRP.
Ripple’s plan is said to represent a move towards its bold goal of defeating Bitcoin in India. We will just have to wait and see if they will succeed.