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If i was a banker...


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The value of XRP is ultimately market driven by demand and confidence, which is no different to majority of normal currencies.

In theory, if XRP becomes widely used the price will be fairly stable as it will be against all the worlds currencies. Demand would dictate price, and confidence would only really be an issue in relation to new technology.

The big sell of Ripple technology using XRP is you can operate in countries where historically exchange rates have been an issue. No foreign company wants to hold (for example) Venezuelan Bolivars due to the crashing value.

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Currently we are in a bit of a 'Chicken and Egg' scenario. XRP needs to be higher priced and stable for mainstream use. How we get there without the mainstream use is the million dollar question.

 

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