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About KaaKaRmA

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  1. This isn’t as big of an issue as Ripple makes it out to be though. There wasn’t even an outcry about this or a sought after solution until Ripple pushed the narrative because they found a use case. If this was as big of a concern as Ripple is making it out to be, much more would have been done sooner and faster action would be take. As is, I’m hopeful for XRP success, I just don’t think it’ll be adapted easily, as banks will be content with xCurrent for faster correspondence.
  2. Do banks really care about nostro/vostro? Is it really that big of an issue for them? Who knows? It seems like Ripple pushed this narrative as it was the largest way to implement a true banking use case for XRP. Reality seems to dictate that the banks are more concerned about the messaging systems over the nostro/vostro accounts and the savings and opportunity cost that come with them. xCurrent could end up being the key product that banks like and utilize, with XRP/xRapid being used in other corridors and use cases. We can't just make assumptions that it automatically goes xCurrent to xRapid implementation.
  3. Even in a perfect world scenario where banks are using XRapid, the settlement time is what ultimately hurts XRP price. It’s not the amount of transfers banks are making daily that matters as much as how many combined with the amount that are happening per second, minute, etc. Now if banks hold large sums of XRP (which they won’t need to and likely wouldn’t for a variety of reasons), then that could put upward pressure on price, as liquidity dries up. In the end, as long as Ripple’s preferred partner exchanges are set up and have liquidity, the transfer are so fast that the XRP will be available to supplement the next transfer in a matter of seconds. Hopium is fun Hopium is unrealistic.
  4. Follow DrTrump for updates. Actually, I mean follow TiffH for updates.
  5. No their not. Their “insiders” that create Twitter accounts, tweet some cryptic stuff, and follow him. From there they pose as insiders as he gives them recognition and they feed him more trolling messages. He doesn’t vet out any sources, as that’d ruin his theories and views. He should change his screen name it Ohhforrr.
  6. It’s new for Ripple the company. XRP is decentralized and not a security, remember? Therefore if Ripple doesn’t control XRP, this shouldn’t have any impact on XRP. We can’t have our cake and eat it too.
  7. This is what people don’t realize. Banks need to profit. They’ll pass on the costs anyway they can. Everyone likes to use the “their not using XRP or they’d save more” excuse. Reality is banks will be hesitant to invest heavily into something few others are using. Add on training on top along with keeping current system and it’s a large headache for most banks. Ripple is building a lot of partnerships but has yet to produce any significant xrapid or XRP usage. It seems more clear many are utilizing their other software solutions.
  8. My bank allows me to withdraw as much as I want as overdraft but that doesn’t mean I do.
  9. This certainly isn't good news and I'm sure we'll have the typical few putting the positive spin on this. The reality is simple: 1. Ripple the company creates awesome software and has a great product, with or without XRP. 2. XRP is unique. However, it could be too soon to market and the market isn't ready for it yet with all the lack of clarity, regulations, not being educated, etc. We can sit around and say "Look at all the partners, just waiting on a switch!", but the truth is we've still yet to see any impact or adaption really with xRapid, which launched awhile ago. Ripple holding so much XRP is alarming, despite the escrow. It's funding their core business at the moment, which is paying their employees and funding their brand. Ripple will succeed with or without XRP and their will come a big decision when competition and big players adapt a strategy and it forces Ripple to go all in with their digital currency or ditch it and focus on their corresponding technology and software side of their business, which they'll succeed at al well.
  10. Ripple doesn’t exist to make a fortune of XRP. That’s a nice byproduct of their vision is successful. Ripple the company exist to create the software and technology that lacks in the market today. They have an amazing system that self funds these operations and growth. From a pure monetary standpoint, they have more than enough cash flow from their current set up. Yes, everyone wants more always but I doubt Ripple is sitting around figuring out how to increase the price of XRP so their stash is worth more.
  11. Anything more is greed. They have more than enough to supplement their business monthly without raising red flags and questions. I mean the company is funded by a digital asset which they hold $15b worth of, which they essentially control the success of the asset as a whole... lots of questions could be raised there and I doubt they want the spotlight on being a trillion dollar company with big price increase, especially when any attempts to liquidate would significantly drop the price. Ripple is completely fine with their current set up of getting hundreds of millions to fund their business monthly from an escrow, which eventually will result in a funded business that focuses on selling software and technology to large banks and companies. Anymore more than that is a bonus for Ripple.
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