Ripple seems like it has great potential. I've spent a good amount of time researching it recently.
RE: $100 Ripple? Mark Cuban Investing In ICO'S?
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$100 Ripple? Mark Cuban Investing In ICO'S?
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buy it while its cheap, Ripple isnt being comercially developed with 60 banks and 15 large financial institutions because its useless!
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The Ripple network is useful, but why would banks want to use XRP instead of fiat currencies on the Ripple network? I have not heard of any reason other than as a bridge currency between rarely traded fiat pairs.
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the face that they can send money across border in 4 seconds and save banks 60% on processing fees, thats why
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and by the way it will be traded between all fiat pairs, why are you saying rarely? you obviously have not done any research on ripple
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Sure, but banks can also transfer fiat over ripple, cross border etc. If a US bank wants to settle funds with a bank from an obscure country, they might not have USD to x country fiat trading pairs with enough liquidity. But they have usd to xrp, and xrp to x currency. That is what xrp is for. Is there any other reason for them to use xrp? Honest question.
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Ripple was made for banks. It also has an insanely fast transaction speed.
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Yea I'm quite new to Crypto's and I don't know much about the back-end mechanics of it but my experience with Ripple has been my favourite, it's SO fast. Plus no fees. Bitcoin for me is so slow.
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I am also on the fence. big reason I got into gold/crypto is to get away from the banks. yet, if you want to make money, get in early and hold a position. It is still very cheap, I may hold and see what happens.
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