drogon
Elite Member
- May 28, 2010
- 2,812
- 1,473
wewholeart
Regular Member
- Jun 17, 2016
- 206
- 42
XRP Is Ripple mate.
RafaViQ
Senior Member
- Jul 19, 2014
- 950
- 667
Sorry, should have been more clear. I meant the news involved Ripple as a company and not the coin.
LyyK
Registered Member
- Oct 4, 2017
- 80
- 20
Yeah, that's what appears to be the case:
"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."
selembar
Junior Member
- Sep 10, 2017
- 133
- 57
umerjutt00
Elite Member
- Oct 28, 2011
- 4,373
- 2,493
The XRP currency will come into play later on in the evolutionary dynamics and the other players," Marcus Treacher, global head of strategic accounts at Ripple, told CNBC in an interview.
"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."
"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."
selembar
Junior Member
- Sep 10, 2017
- 133
- 57
Do you agree that if even there are more banks adopting ripple, it won't impact XRP?
Sometimes I wonder if holding this for another 5 - 6 months really worth it.
umerjutt00
Elite Member
- Oct 28, 2011
- 4,373
- 2,493
- Feb 23, 2011
- 7,586
- 746
I did a lot of research on Ripple 6 months ago when I was considering investing into it. The one thing many investors in it seem to miss is that, while the technology itself is great, financial institutions do not need to use the actual Ripple token to take advantage of this technology. In fact, most of them will use their own closed (centralized) tokens. There is simply no incentive or logical reason for banks to use the Ripple token itself when using the technology made by the Ripple company. As such, I do not see the token ever blowing up beyond a little inflated value due to speculation from misinformed investors looking for the next big thing. I could actually see the price of it dropping within the next 6 months once more people realize this.
Finally, last thing of note is that there are more than 38 billion of XRP tokens. Even if banks somehow decide to use this token for their operations, the price will never be high enough to warrant sitting on this investment for a considerable amount of time. There are much better coins out there to invest in if you are looking for a good ROI in a reasonable period of time.
Just my two cents.
Vodaa Citaa
Power Member
- Sep 22, 2017
- 672
- 324
Down again:/
selembar
Junior Member
- Sep 10, 2017
- 133
- 57
Sorry mate. That was hell of one hour ride.
I tend to agree, but this too is a bit questionable.
If banks adopt ripple and maintain their own tokens, wouldn't that create another problem?
I meant, each bank or network of banks are gonna have their own currency? My brain hurts.
- Feb 23, 2011
- 7,586
- 746
I meant, each bank or network of banks are gonna have their own currency? My brain hurts.
That's how I see it. They will have their own closed-circuit currency to facilitate transactions using the Ripple technology. Think of it this way. Why would banks use the actual Ripple token that is subject to volatility when they are processing transactions in the billions of USD every day. Any minor fluctuation in the XRP token's price could potentially cost them millions every day.
selembar
Junior Member
- Sep 10, 2017
- 133
- 57
BOOM!! New jobs! Crypto-support for banks!
I'm thinking about dumping out all my vague coins ASAP and buy courses on how to manage ripple-based system. Tell me if you find them, mate.
D
Deleted member 283687
Guest
when the bank decides it goes up and everyone gets excited ,when it wants to dump ,they do dump they dont lose anything but we will lose