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I keep seeing the hype that banks are beginning to use Ripple based payment applications built on xCurrent and Ripplenet. But upon doing my research, no bank was using XRP and they might also have no interest to hold it because it might be illegal for them to.

What will happen to XRP?

https://ripplefidgetspinner.com/wp-content/uploads/2018/01/spinnericon.png

The launch of the Ripple-powered app MoneyTap was announced on Twitter on Wednesday. It uses the Ripple’s product xCurrent to allow three major banks in Japan to conduct money transfers in real-time mode. SNB Sumishin Net Bank is among them along with two others.

Money can be transferred through the aforementioned mobile app, available both on iOS and Android.


To perform a transfer of their funds, customers will just need a smartphone and a QR-code. Money can be transferred either in the local or foreign fiat currencies. No commission is charged. The system is secured with a special system of biometric authentication by scanning fingerprints. Earlier, U.Today reported that a similar system is used on the Opera crypto wallet.

Unfortunately for crypto enthusiasts, XRP tokens are not engaged in this app. It is solely for fiat transactions.

Read in full https://u.today/ripple-japanese-financial-monster-sbi-fire-away-payment-app-xrp-not-utilized

I have guessed that finally it will be like that and some old users here are right that everything that is done by the ripple is solely to create a pump.

What expression will happen if lovers of ripples know about this, will it keep him defending ripples with millions of reasons?

No one exactly knows what they'd do if after all the announcement that XRP being used by banks but holders will surely dump what they have for a long time. Ripplenet though is becoming very huge over time for which they can buy all the xrp being dumped and soon find a way to make XRP useful. But if you are like the rest who are tired of the bullshit they announce, don't bother holding.

This is one of the shaddy business model in the space, why in the world do they great a token with no real usecase and it is sitting on number 3 on CMC, I know some people won't yield to warning like this and surely will continue to gamble with their money and eventually turn to bagholders. This is one of the reasons why we need a clear regulation in this space and to answer this question what actually is a utility token

i think this is partly because of the difference between Ripple and XRP. if banks ever use anything they will use Ripple not XRP. in a way it is like the difference between bitcoin and blockchain.
XRP is the centralized token that Ripple foundation has created and fully controls but Ripple is the protocol that has been around long before XRP and i think it was around by the time of bitcoin too. it is that protocol that banks are interested in the most.

Research? I thought this was a well known fact, that Ripple the company and Ripple the token are only a link but we have known since last year that all their partnerships with banks was only using their technology, not their tokens. So they are earning well in fiat, they probably use it to buy up their cheap tokens and keep even more of it (they already own so much and just dump on users when price is high). XRP is for speculating,,, not for proper use.

Anyone who does not know how to trade, I do not advise contacting XRP. This asset has strong manipulators, and behind it are even secret agencies. So trade with extreme caution. This asset has no value whatsoever.

xRapid ^[1]. It offers fast cross-border payment for banks and financial institutions by using the token XRP which will be sourced from exchanges around the world. If they adopt this new technology and start making transactions with it, there will be demand for XRP, and as long as there's demand and usage in the market, the token will still have value and people will keep trading XRP like always.

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1. https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/

Where can i find the utility of the XRP? if that was talking about the coin that used as alternative payment system and i should mention DAG because it was providing instant transaction with zero fees. It doesn't make sense a lot of people are still overrated with XRP. If i hold XRP and what can i do? i can do nothin'

it is a project that deals with the banking sector in the near future. therefore, developments will be positive. the market-wide year-end upward trend may rise to a price of $ 1.

Exactly, this is what they want to hide, making the relations between XRP / Ripple very intransparent.

The Devs will cash out huge sums before they will publish it.

Ripple offers 3 kinds of services to its customers Xcurrent, XVia and Xrapid out of this 3 only Xrapid utilises XRP coins utility. Ripple mentions on their site they have 112+ customers globally but it's not useful for the XRP coins price as most of this customer uses Xcurrent or XVia services. Now the ripple is effectively working on the development of the Xrapid and making partnership and clients for this service the price of XRP can boom in future.

But why do they need the XRP token and how does it serve its purpose as an incentive? Ripple and apps built on Ripple are not decentralized for there to be a token needed to serve as an incentive.

Shorting what the billions they have and then pump after they bought it back at a cheaper price. Kinda of an old strategy in stock market which can one day get them killed. 


They all been talking about that as I watch the interviews, I don't hear anything that make sense which make you care about why XRP will have its use case.  One thing they just focus is to make it as a currency, I don't know who is behind it but the exchange DCEX is built where XRP is always the base currency.

That's exactly what ripple says a lot, and little does recent speculation only confirms it. So investors should not believe the positive signals and think that the ripple is perfect.

why in the world would they want to buy back?!!!
they are in full control of the whole supply of XRP and they have only released a small portion of the 100 billion. each time they pump this token they release a new batch and dump that on the market!

That should be true. Because then why would ripple create XRP token - an useless token?
Yesterday I sent transaction and it was confirmed in 10 seconds! But they promise 1 second transactions in the future!

Well, Ripple is good to be a long-term asset, considering that now many banks are starting to use the Ripple system. And in my opinion the next 5 years will penetrate the price of $ 10

I dont think that way, coin can be pumped hard if a coin is used for transaction, it just ripple system that adapted on banks, not ripple..4 $ may be in 5 years ;D

XRP = garbage

XRP is not freedom coin, is a centralized coin, true its have a good system can used by some bank, but who used ripple for transaction, i think ripple will be like security for company

In fact, I have nothing against this project, but since I have a negative attitude to the banking system, Ripple is of no particular interest to me, since this is another search for the possibility of controlling cryptocurrency.

They're really struggling to push the use of XRP, I think in the longer term it might end up being driven by some sort of buy-back with ripple profits. Alternatively something along the lines of offering their customers a discount or other incentive for using xrp for payments instead of fiat.

I think Ripple is just one of many tokens with no direct utility to its platform, the level of understand of people in this space is still low or maybe some people are just riding the hype and making money through the process. For me I personally don't understand the hype that surrounds the RapidX launch and the sudden rise in price of XRP

Same as what u can do by holding bitcoin? you can send it somewhere to buy something.
for OP at least they try ripple tech, again this is like bitcoin when blockchain is used with no utilisation to bitcoin.
I try to be neutral and i can see a lot ppl here filled with negative energy, lol. bashing ripple yet they maybe never hold it b4, only joining "ripple hate" hype

Cash out everything Ripple has...

lol why?
you seem to have forgotten that XRP had never been a coin really. it has always been 2 things: a company that works with banks to have some contracts and make money that way. and also a pump and dump token that is 100% premined which they pump and dump to make money from.
neither one of these 2 are going to change. and banks will never use XRP but they are very interested in Ripple the technology.

As we know that Ripple is a centralized platform in which can be controlled by a group of people and the banks because of their technology had a great help in the banking system. They manage to be in the top 10 of CMC because they manipulate the pump and dump to maintain the stability of the coin, yet I think there is no chance to have a great value in the future because the partnership between ripple and banks is only for the technology.