Ripple future of payments is here

FUTURE OF PAYMENTS IS HERE

@fribulusxax @panadashFriday, September 13, 13

BRIEF HISTORY OF MONEY

20’000-13’000 B.Cuswpia2012

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1’100-600 B.C

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“In Greece near to Lydia money encouraged the democratisation of politics [...] where old privileges were abolished and eligibility for public o!ce became based on landed wealth. Democracy arose in cities with market economies and strong currencies.”

(Peter Watson ‘Ideas - history from fire to Freud’, Phoenix 2006, p.98)

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600 B.C. - 800

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800 - 900

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900 - 1950

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“I am willing to accept such amount of gold-coins for my goods that, I believe, will be

su!cient for others for those goods”

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1971

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‘70s - ‘90s

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10k credit cards transactions per second

1,60% average transaction fee in PL

0,72% average fee in EU

18’880 ATM’s in PL

AND HERE WE ARE

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Value of all papers and money

is about 360 - 600% of worlds GDP

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Friday, September 13, 13

2009

Bitcoin goes open source

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1’645’477’362 USD

11’698’650 BTC

with less then 48% left to be mined by 2033

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2010 Low Energy Bluetooth

2011 Litecoin

2012 PPCoin

2013 Terracoin, Feathercoin

and many, many more...

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2013

Ripple goes open source

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WHY

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500 billion electronic transactions

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36 trillion hours

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10’s of billions of USD in fees

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Slow expensive and disconnected infrastructure

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OVERVIEW

Math-basedDistributed

Scalable

Multi currency network

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HOW IT WORKS

Government

Payer

PayeeBank

PLN

Trust

Trust

Trust

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Payer

Payee

PLN

Trust

Trust

Gateway

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Text

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Text

http://gatogate.com

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Fact BTC Ripple FIAT

Cannot be stolen/lost/frozen Y* Y N

Allows indirect and immediate transfer of value N* Y N

No bank or financial institution influence Y Y N

Cannot be inflated devalued over time Y Y N

Distributed authority, no SPoF Y Y N

Susceptible to double spending attack Y* Y N

Susceptible to 51% attack N Y* N/A

Very low or no usage fees Y Y N

Anonymous purchases Y Y N

Irreversible transactions Y* Y N

Distributed exchange N* Y Y*

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WHAT’S NEXT?

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2014 Bitcoin slowly looses anonymity battle

First banks start using Ripple

Ripple launches Contracts

Ripple launches Federation Protocol

30+ Live Ripple Gateways

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2016 Banks adopting Ripple on a global scale

Internet Exchanges adopting Ripple

Micro-transactions changing publishing industry

Main social network becomes a gateway

500+ Ripple Gateways

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2020

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Global Citizens

Universal Distributed Bank Account

XRP as future super-currency

Monetary Freedom

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New Economic Models Arises

Tipping as Service Rating

Escrow with 2 parties only

Subscriptions with PWYW

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Please Payments

Thank You Payments

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@fribulusxax

THANK YOU

@panadash

@conc_ptFriday, September 13, 13