I was curious to see what happened at Money 20/20 Asia, which took place in Singapore this last week, 13-15th March. So, took to Twitter to get the low down. There was some pretty interesting stuff, covering all of the hot topics: cybersecurity, financial inclusion, a keynote by Piyush Gupta, the fintech unbundling of banks, big tech companies, APIs, diversity, digital payments, biometrics, the value of intelligent partnerships, the shift from a bank to a platform, identity, breaking silos…. the list continues…!
In and amongst all of the tweets, Ripple absolutely dominated. Ripple tweets were the most retweeted with the official #M2020Asia, and stood head and shoulders above all other Money 20/20 Asia tweets. Were you at Money 20/20 Asia, and were Ripple as prominent in the conference halls as they were on Twitter? Did you feel the Ripple…? Here are the 5 dominant Money 20/20 Asia tweets:
1.) Ripple: Lowering the Cost of Cross Border Payments
“If we haven’t lowered the cost of remittance payments by 300 basis payment points by 2030 we’ll have failed. We need to fundamentally change how cross-border payments are made.” –@bgarlinghouse on the importance of the #internetofvalue at #M2020Asia @money2020
— Ripple (@Ripple) March 13, 2018
2.) Ripple xCurrent: Enabling Instant & Certain Payment Processing
“Swift’s published error rate is 6%. Imagine if 6 percent of your emails didn’t go through without additional human intervention.”
–@bgarlinghouse on why solutions like #xCurrent are so popular with financial institutions #M2020Asia
— Ripple (@Ripple) March 13, 2018
3.) Risk: 3 Second Volatility Risk Using $XRP for Cross Border Payments
“We’re talking about 3 seconds of volatility risk when using $XRP for cross-border payments. The reality is you’re exposed to more volatility when doing a traditional transfer with fiat currencies that takes several days.”
-@bgarlinghouseon stage at #M2020Asia w/ @babushka99 pic.twitter.com/EssP7opSm9
— Ripple (@Ripple) March 13, 2018
4.) Ripple MoneyTap: Enabling Faster Mobile Money Payments
“The smartphone application #MoneyTap allows people to send money faster, safer and easier. I am very confident this will be the big step toward realizing a cashless society and instant payments in Japan.”
-SBI Ripple Asia CEO @OKITATakashi at #M2020Asia pic.twitter.com/jP2Za1mXEK
— Ripple (@Ripple) March 13, 2018
5.) Ripple: Thoughtful Regulation!
“We’re in a classic innovation cycle for digital assets: adoption, fear and uncertainty, maturity and global coordination. 2018 is a watershed moment, I strongly believe regulators will come together and create a global set of guidelines.”
-Ripple’s @sagarsarbhai at #M2020Asia
— Ripple (@Ripple) March 13, 2018
Ref: The Korea Times – Ripple stresses ‘thoughtful regulation’