>but but the banks won’t use XRP only the tech!!111!1
“We are excited to partner with Ripple to do just that. Through our partnership, we are bringing our customers a next-generation, blockchain payment solution that leverages XRP to address many of the efficiency and equity problems with existing remittances. For them, that means cheaper and faster payments.” - SendFriend founder David Lighton
If you brainlets still FUD XRP and are not allocating a portion of your portfolio to it at this point you deserve to be a wagie. Different cryptos are going to serve different purposes. XRP has a clear purpose denying that fact is nigger brain tier
the xrp token will be replaced by a centralized FIAT-backed stable coin, it will work as fast as xrp but without the volatiity, its gonna happen 100% it's just a matter of time and demand for any of this shit
Eli Parker
XRPs current main function is to settle transactions via xRapid with a 4 second window where banks are exposed to flucuations in price.
Whats the point of having a stable coin for this? Its just a waste of whatever is backing it. Also with updates like cobalt the speed of XRP tx aims to be 1 seconds which lowers the risk even further.
>Also with updates like cobalt the speed of XRP tx aims to be 1 seconds You know that makes xrp worthless right? Holding xrp for 1 second only results in minuscule demand
Liam Ross
The too quick to be worth anything meme
If banks and FIs are buying and selling XRP to facilitate even a small proportion of the global money tx market then it wont matter if its 0.1, 1 or 4 seconds. Huge liquidity will create value and with that comes other use cases like (dare I say) a store of value.
One reason BTC is most valuable now its because of its liquidity
there is always a spread + fees, with a stable coin there is no spread
Brandon Smith
>If banks and FIs are buying and selling XRP to facilitate even a small proportion of the global money tx market then it wont matter if its 0.1, 1 or 4 seconds.
It absolutely matters, even if xRapid is used to transfer 5 trillions daily, with a 4 second holding time it only generates enough demand for a $231M market cap. Yes that's M not B. The only effect xRapid is going to have on the price of xrp is hype
>a store of value
banks use us bonds as a store of value and that's not going to change unless america collapses, but ripple is an american company so xrp would collapse too
Adam Hughes
The spread is semi-fixed cost that with more liquidity will approach zero (not ever reach).
The global correspondent banking tx market is measured in trillions. Why would you bother removing all that money in nostro vostro accounts to then waste it to back up a stable coin?
Logan Robinson
Im interested in the maths you use to get 5 trillion/daily = 231 million market cap.
John Adams
The equation of exchange is: totalSupplyOfXrp*xrpPrice = xrpTransactionVelocity*transactionVolumeInDollars or marketCapitalization = howManyTimesEachXrpIsTradedPerSecond*transactionVolumeInDollarsPerOneSecond (I use 100B xrp as total xrp supply as the difference is negligible) 5T/day = 57.87M/sec marketCapitalization = 1/4*57.8M marketCapitalization = $231.4M Even if only 1B XRP are actually transacting, that gives $23.4B - for the total supply, that is, lower price than the current one - $0.234/xrp.
