lucasms2003 Posted November 24, 2017 Share Posted November 24, 2017 Hello. I am starting at the Ripple / XRP market and I have a doubt. Suppose that XRP gets consolidated and become a stable coin used by banks to make the transactions easier and the price is US$ 2,00 per XRP. What can regular people do with the coins that they bought? In other words, If someone that is not a bank has these coins, what will be possible to do with it? Will the banks need to buy more of it and become possible buyers? Will we only sell to speculators? Is it plausible to admit that will be possible to buy things with XRP (like pizza, electronics, among others) the same way happens to BTC? Who will be interested in buying XRP and trading for US$ for example, if it's designed to be a way to fulfill banks and FI transactions? Best Regards, Lucas NikiCookie and quietboy 2 Link to comment Share on other sites More sharing options...
CiPPaLiPPa Posted November 24, 2017 Share Posted November 24, 2017 (edited) even if i think it is fantascientific, It could be in theory but only if ripple speed up 10^(999999). there's too many micro-transactions worldwide 4 such a kind of use. the volume could be enough only in a small scale; there's 100billions of XRP VS aroud 40billions us dollars. the entire world works in quadrillions. anyway ripple hasn't been made 4 this right? Edited November 24, 2017 by CiPPaLiPPa I made a mistake typing Link to comment Share on other sites More sharing options...
corak Posted November 24, 2017 Share Posted November 24, 2017 (edited) Those are good questions, I don't think there are any definitive answers to most of them. Ripple has enough to supply FIs with XRP for a few decades at current levels of demand, but it could easily change by a factor of 10 or something next year. There are too many unknowns to tell how it will all unfold. Not sure a consumer spending ecosystem will actually materialize around XRP even if it is successful. BTC's one is much smaller than advertised in the media by the way. Transaction fees in BTC went full retard and make it entirely inferior to credit cards / paypal or any other alternative you care to mention Edited November 24, 2017 by corak Link to comment Share on other sites More sharing options...
PaulKim Posted November 24, 2017 Share Posted November 24, 2017 (edited) There is no reason it can't function to purchase things like has been done with BTC. It only takes some retailers to start accepting it. Edited November 24, 2017 by PaulKim Link to comment Share on other sites More sharing options...
Guest Posted November 24, 2017 Share Posted November 24, 2017 (edited) It's for cross border payments. https://ripple.com/xrp/ Personally i don't believe end users will ever use it. Your cc company might use it for transfers etc. But who know what the future holds. I'm just gonna drop some sources for you to read. Follow @JoelKatz on reddit and twitter. https://www.reddit.com/user/sjoelkatz https://twitter.com/JoelKatz You also got the almighty @Hodor and his excellent blog and his twitter. https://xrphodor.wordpress.com/ https://twitter.com/Hodor7777 Edited November 24, 2017 by Fleshmeister Link to comment Share on other sites More sharing options...
PaulKim Posted November 24, 2017 Share Posted November 24, 2017 Just now, Fleshmeister said: It's for cross border payments. https://ripple.com/xrp/ Personally i don't believe end users will ever use it. Your cc company might use it for transfers etc. But who know what the future holds. I'm just gonna drop some sources for you to read. Here, i'll give you some sources for good information. Follow @JoelKatz on reddit and twitter. https://www.reddit.com/user/sjoelkatz https://twitter.com/JoelKatz You also got the almighty @Hodor and his excellent blog and his twitter. https://xrphodor.wordpress.com/ https://twitter.com/Hodor7777 Why can't end users use it? Is there a reason other than "It's not bitcoin" Link to comment Share on other sites More sharing options...
Guest Posted November 24, 2017 Share Posted November 24, 2017 Just now, PaulKim said: Why can't end users use it? Is there a reason other than "It's not bitcoin" It's not targeted for that user case plain and simple. Link to comment Share on other sites More sharing options...
PaulKim Posted November 24, 2017 Share Posted November 24, 2017 What would make XRP worse for a retailer to accept than BTC? Link to comment Share on other sites More sharing options...
lucasms2003 Posted November 24, 2017 Author Share Posted November 24, 2017 45 minutes ago, corak said: Those are good questions, I don't think there are any definitive answers to most of them. Ripple has enough to supply FIs with XRP for a few decades at current levels of demand, but it could easily change by a factor of 10 or something next year. There are too many unknowns to tell how it will all unfold. Not sure a consumer spending ecosystem will actually materialize around XRP even if it is successful. BTC's one is much smaller than advertised in the media by the way. Transaction fees in BTC went full retard and make it entirely inferior to credit cards / paypal or any other alternative you care to mention I agree with you. I am not sure if consumer spending ecosystem will materialize around XRP, because it's not the proposal (nobody knows but I think its very unlikely). So back to the point, why regular people buy XRP? Just to wait for the price to go up and sell to other people? If it has no use (different then to institutions), why someone will want to buy anyway? 1 minute ago, PaulKim said: What would make XRP worse for a retailer to accept than BTC? I think it could happen, but it´s not the proposal of the project. Of course, some people could start accepting XRP as payments but I think it's not the developing line that the decision makers are following. 11 minutes ago, Fleshmeister said: It's for cross border payments. https://ripple.com/xrp/ Personally i don't believe end users will ever use it. Your cc company might use it for transfers etc. But who know what the future holds. I'm just gonna drop some sources for you to read. Follow @JoelKatz on reddit and twitter. https://www.reddit.com/user/sjoelkatz https://twitter.com/JoelKatz You also got the almighty @Hodor and his excellent blog and his twitter. https://xrphodor.wordpress.com/ https://twitter.com/Hodor7777 Thank you. I am reading a lot of these two. Very very smart and good writers (clear to express their ideas). But could find any post about my doubt on the @Hodor blog. Link to comment Share on other sites More sharing options...
corak Posted November 24, 2017 Share Posted November 24, 2017 9 minutes ago, lucasms2003 said: So back to the point, why regular people buy XRP? Just to wait for the price to go up and sell to other people? If it has no use (different then to institutions), why someone will want to buy anyway? Why do investors engage in commodities or FX trading? Sometimes of materials or currencies they have absolutely no personal use for? Consider most people don't buy a company's common stock because they really wish to become a part owner of a corporation. They mostly just want to make some money. You think an asset is mispriced and mean to profit from holding it (or in other cases short-selling it). Some people trade this stuff within days and hours, others hold their position for a few years. Either way there is nothing unusual about that. Link to comment Share on other sites More sharing options...
Guest Posted November 24, 2017 Share Posted November 24, 2017 10 minutes ago, lucasms2003 said: I am reading a lot of these two. Very very smart and good writers (clear to express their ideas). But could find any post about my doubt on the @Hodor blog. It doesn't answer your questions directly but you can clearly see what the purpose of xrp is and what they're aiming at. Link to comment Share on other sites More sharing options...
lucasms2003 Posted November 24, 2017 Author Share Posted November 24, 2017 Hello. I found this old topic that explains some other things: Lucas Link to comment Share on other sites More sharing options...
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