The SEC's suit against Ripple is a HUGE opportunity for Bitcoin Cash to overtake the crypto-remittance market
Ripple is primarily used as a settlement coin for cross-border payments.
It settles very quickly, which allows crypto-remittance companies to reduce their exposure to volatility. It also has decent trading volume around the world, which is also required.
If the SEC classifies Ripple as a security, it will be delisted from most major exchanges these crypto-remittance companies use.
Bitcoin Cash is the only widely-traded cryptocurrency that has reasonable transaction fees and reliable settlement because its mempool doesn't get backed up.
There is a HUGE opportunity for Bitcoin Cash to take over Ripple's market share in the crypto-remittance market.
If we can get exchanges to accept BCH deposits with fewer confirmations at the same time BCH is marketed in countries that receive money from remittances, it can take most of the crypto-remittance market share.
We need a concerted effort to market BCH at exchanges like Bitso and Coins.ph, and get them to accept BCH deposits with fewer confirmations.
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