Ripple (XRPUSD)

[KC01905]

Ok. So I DID bump into my neighbor again tonight and as usual it’s late BUT I will retract my last statement. Here’s the deal.

OV Loop would NOT act as your point of sale. What they are is a hard wallet for individuals to use (like us). You would have access to participating companies rewards programs / online mall / DOES include peer to peer payment (real time settlement) … and IF YOU USE THE DEBIT CARD associated with the wallet for payments THEN participating companies would only pay a 1.99% processing fee vs the 3 - 4% most cards charge because all processing would be done unencumbered from CC rails.

But HERE’S where it gets interesting. He did mention OV Loop is involved in an antitrust lawsuit against the major CC companies (we are down to like 2 now that Discover may be being bought out which does not bode well for the future if that happens). If they win the case THEN they would be able to have any card linked from any bank and still be able to maintain the 1.99% processing fees because it would all be done in a closed loop system. It would all be done without using CC rails and … and I quote “CC companies are terrified of this disruptive technology,” I did ask if they are using crypto to make any of this possible. He said the only thing crypto related is the encryption on the file folder in the wallet for private information. But this still all seems like it’s pointing in one direction.

Is this more or less interesting? Only time will tell. Thoughts?