Bitcoin Cash Backer Roger Ver Praises Coins.ph, Who Uses Ripple’s xRapid, For Payment Disruption
Ripples Xrapid Coins.ph Here To Disrupt The System Says Roger Ver
Shaking up existing systems would undoubtedly be the outcome of mass cryptocurrency adoption, said the Bitcoin cash supporter Roger Ver, and crypto celebrity Lark Davis.
Disrupting The Financial Ecosystem
On payments, the crypto celebrity gave an example of a Philippine national working in Japan having to send money home, being made to pay transaction fees in USD, which he thinks is unnecessary, he commented on the model saying “.. sending that with cryptocurrency drastically lowers the fees. That’s putting real money back into the pockets of the people who need it the most.”
Mr. Ver then cited a blockchain platform designed to provide financial services Coins.ph.
Coins.ph is based on xRapid by Ripple, and was proposed as an ideal alternative for international transactions.
Cost Of Existing Ecosystem
Ver and Lark also proposed disestablishment of the existing financial structure, as government influence hinders economies from reaching their full potential. They also referred to the sprouting of national digital currencies in various countries such as Venezuela, as a result of blockchain technology adoption.
The need for third-party authorizations for financial transactions were termed as unnecessary by Ver, he also cited initial coin offerings (ICO) being funded by investors the world over. He also added the consideration that a good number of these ICOs were fraudulent, he added that mass adoption of blockchain tech would bring market transparency.
Other Potential Adoptions
The adoption of blockchain technology in land ownership documentation was also brought up by Lark. He stated that as the loss or absence of documentation as proof of ownership still persists, a secure blockchain based database will suffice to bring an end to all possible disputes as regards land ownership.
Ver in conclusion advocated for the use of blockchain tech in market predictions by saying
“Use Prediction Market to guide your actions today to make the world a better place that you want for tomorrow. With cryptocurrencies and blockchains, we have the ability to build unstoppable prediction markets.”