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Title: Are the banks using XRP Token or Ripple technology? Post by: cryptonianz on December 08, 2017, 06:50:48 PM Various articles, discussions have been emphasizing on how XRP will revolutionize the banking industry.
However the last few days I have been wondering the below: 1) If indeed XRP will be used by banks then why will all 100billion coins go into the market in the following 4-5 years? 2) Out of the 100 billion, what did the banks buy? 3) If indeed all those banks are going to use XRP then why are the XRPs going to the public? 4) If I got it right, Banks are not using XRP, they will only be using Ripple technology? 5) So basically XRP has nothing to do with the banks? 6) XRP is what the people of the world buy so Ripple can make money and be able to sell the technology to the banks? 7) People will benefit from the ease of use and how cheap it is to make a transfer. Also by hoping the price will increase. What do you guys think? Read the Ripple Escrow of the largest amount remaining to go out in the market: https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ * I would like to clarify that I own XRP for quite some time and I have a genuine concern. Also, I do believe that eventually, it will hit $2+ Title: Re: Are the banks using XRP Token or Ripple technology? Post by: popolite11 on December 12, 2017, 11:09:16 AM I think that banks doesn’t use technology of Ripple on large scale yet. Maybe like testing regime. Telling the truth this is interesting and perspective way of making transactions and it will be in use with a time.
Title: Re: Are the banks using XRP Token or Ripple technology? Post by: KingScorpio on December 12, 2017, 11:17:44 AM Various articles, discussions have been emphasizing on how XRP will revolutionize the banking industry. However the last few days I have been wondering the below: 1) If indeed XRP will be used by banks then why will all 100billion coins go into the market in the following 4-5 years? 2) Out of the 100 billion, what did the banks buy? 3) If indeed all those banks are going to use XRP then why are the XRPs going to the public? 4) If I got it right, Banks are not using XRP, they will only be using Ripple technology? 5) So basically XRP has nothing to do with the banks? 6) XRP is what the people of the world buy so Ripple can make money and be able to sell the technology to the banks? 7) People will benefit from the ease of use and how cheap it is to make a transfer. Also by hoping the price will increase. What do you guys think? Read the Ripple Escrow of the largest amount remaining to go out in the market: https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ * I would like to clarify that I own XRP for quite some time and I have a genuine concern. Also, I do believe that eventually, it will hit $2+ banks will rather use crappy bitcoin than xrp.... |