3 weeks ago India Dapp (Decentralized Application) Fest 2019 kicked off and now videos with great information are surfacing from the event. Sachin Maheshwari, who is a software integration engineer from Ripple gave the typical Ripple presentation consisting of the current problems of the modern day correspondent banking infrastructure, then leading into how they solve this problem, then finally giving a visual explanation of the three Ripple products xCurrent, xRapid, and xVia.

Below, we have a video from the event published by valued XRP community member @BankXRP.

Sachin states at 9:08 “So xCurrent is the product which we are implementing with all of the banks in India”.

This is no surprise considering Asheesh Birla’s statement exactly 1 year ago!

"So now, in our pipeline we have probably 50% of the market in India, either integrated onto @Ripple or in the deal, in the pipeline to be signed. And guess what, we are going to take that back to Well Fargo and say that 'there's not a better way to send into India than Ripple'." pic.twitter.com/qMBXt07REy — Dr. T ㊙️⚡️ (@XRPTrump) July 9, 2018

India is an emerging market with a population of 1.33 billion people. That’s almost the same population as China. They are also the 2nd largest unbanked population in the world (source) so its clear to see that Ripple has nearly created a monopoly by having all of the banks in India on RippleNet. They have essentially connected the 2nd largest country in the world to Ripple.

This provides a massive strategic advantage for Ripple. Keep in mind that the latest version of xCurrent, xCurrent 4.0 does in fact have xRapid integration. This is another win for XRP hodlers.