People buy Ripple because they hope that Banks using Ripple for Transactions and that we have Banks in 10 Years and the Ripple Price go maybe to 10$. But I think in Future we don't need Banks only Wallets.
RE: Why people buy Ripple?
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Why people buy Ripple?
I don't think it will ever happen. On Stellar there are several bank-like entities and each one print their #euro #usd or #btc token over Stellar, because they don't trust each other.
Bitcoin and other cryptocurrencies have value because are decentralized and permissionless.. not because an issuer says "trust my USD token".
If Ripple or Stellar became more expensive another network clone can be started to provide the same service.
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