XRP_Almighty_Q Posted July 18, 2019 Share Posted July 18, 2019 (edited) On 7/18/2019 at 6:42 AM, Scout said: “Even if every bank used xRapid the price of XRP wouldn’t necessarily increase. The thing that drives the price of XRP is people’s perception of adoption, which would probably increase the price,” the source said. Well how would a multiple banks send billions of dollars using XRP? The price has to increase right? If a bank bought 100 million XRP and XRP was only $1, that bank would only be able to send 100 million dollars at any given time. Is this correct? If that is correct, by that logic, the price would have to be $10/XRP in order for them to send 1B. However, I don't think banks will hold XRP because it is too volatile. It's just a vessel for quick settlement, so maybe everything I've written is sh*t. In fact, given the volatility, it is in everyone's best interest to convert the money back to fiat as soon as possible. 4 seconds. If I'm a bank, why would I hold XRP? I'm using XRapid, XRapid uses XRP. I don't care how XRapid works necessarily. All I care is that my money is settled in such a way that I take on the least amount of risk. If you were a bank, would you hold XRP? Probably not, you would use it for settlement. Part of me thinks that XRP is the most genius implementation of corporate fundraising that I have ever seen and another part still has hope that I've stumbled upon an investment of a lifetime. Edited August 12, 2019 by XRP_Almighty_Q xx_cr and Scout 2 Link to comment Share on other sites More sharing options...
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