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I have been research about Ripple/XRP. I learned that xRapid will use XRP to send money over internationally for banks transfer purposes. From my understanding, XRP cannot be printed, what if bank want to send $100 billion, that means XRP have to be $5 or above so banks can use XRP to send money with xRapid. Am I correct from my research? There is mixed reports about XRP, and its likely they will not use XRP at all? Would be cool if you guys share your knowledge on this part. Thank you.

I'm guessing they'd probably send that another way.

The bank would either go and just write on a piece of paper who owes who or they'd transfer other assets. Quite frankly they would probably have to print money in order to get $200 billion to send.

Although as mire financial institutions adopt xrp then the price will probably have to go up.

Based on my research, you cannot print XRP. Am I wrong?

I don't think banks would participate in a "pump and dump" scheme. This kind of transfer is possible with a stable coin (USDT and stuff), but still, they would consider the price swing to be too high.

The 2nd scenario is about using the XRP as a closed (private) network, so they could do whatever they want.

They don't need to print money they use nostro account where already money is deposited & A payment journey with xRapid looks like this: a financial institution connects directly to digital asset exchanges in both the originating and destination corridors. The originating currency is exchanged into XRP which provides the necessary liquidity to power the final payment, and then in seconds that XRP is exchanged into the destination currency in the second digital asset exchange. Once this transaction takes place, the funds are sent out on the local rails of the destination country for payout. The transaction is tracked end-to-end, and the result is a cross-border payment that is cheaper and faster than ever before.
Source https://cryptocurrencyfacts.com/xrapid-explained/
Also visit :- https://ripple.com/insights/liquidity-explained/
If the more institution will adopt Xrapid platform there will be significant growth in value of XRP.

It is not looks like that Ripple is a currency at all. Big part of coins is in hands of Ripple's owners. So prices can be highly regulated, not created freely. That's the problem in conditions of market economy.

Whatever don't use Ripple because its is centralized. ::)

When something means centralized the creators can make the maximum level to be printed as they want so don't use it. :-*

Against the backdrop of today's news, I'm increasingly thinking of buying this coin. Perhaps it will still grow at least $ 1. Very good news about cooperation with banks prompts to buy it.

You will be shocked to the impossible that they can do.
Better get away. You are still in confusion now so it is a good thing. Never under estimate the power of a centralized crypto currency. If it is the bank which they are connected then they will find a way to make it happen.
There are a lot of better crypto currencies there. Do not risk your money in where you doubt it or it will be sleepless nights over and over again.

Currency has no value very little, its purpose is just to move from person to person.
A $1 or $2 bill has a value of 4.9 cents and a $5 has a value of 10.9 cents. A $100 bill costs 12.3 cents to make, its value.

This has more value as a $100 bill
https://i.ebayimg.com/thumbs/images/g/yT0AAOSwydpa8u86/s-l225.jpg

If you stupid enough you can use a 1oz gold coin for its face value, I am more than happy give you something representing $100 and has a actual value of 12.3 cents for the 1oz gold bullion which is worth USD 1,382.99
https://i.ibb.co/7rw2Lz5/Kangaroo-100.jpg (https://imgbb.com/)

you are correct, you can't print more XRP since it has a fixed cap. it is maxed out at 100 billion tokens and about 40 billion of it is already released and is "supposed to be" in circulation. so if a bank wants to transfer money using XRP tokens they will be limited to the number of tokens they can get their hands on which is a lot less than that since you can't buy up all the tokens! and also they will be subjected to the pump and dump caused volatility of it and lose a lot of money.

that is why nobody uses XRP and if a bank talks about ripple they mean Ripple or in other words the technology of it which they  want to adapt for internal usage without needing XRP at all.

They can't make more.
The coin is deflationary, as in a very small amount gets burned (destroyed) on every transaction. (Around 8M XRP destroyed so far).

Also, there is a thing called xCurrent and xRapid (among others).

xCurrent, you use the tech, but not XRP and you save more money than using conventional transfer (rough estimate done by Ripple and users is around 30%

xRapid, you use the tech AND you use XRP which makes you save another, cca, 30% savings

You'll see a lot of hate (and probably a fair amount of shilling) for Ripple/XRP, but don't fall into such trap. Keep researching, took me 3 weeks of reading to decide whether to buy.

EDIT: THis is a VERY simple explanation and you best visit Hodor's blog, he has some amazing articles that shed a lot of light on the matter.

i don't think you can call such a coin "deflationary" just because its supply is capped. it is like saying grains of sand are deflationary! it is already inflated and they haven't even released all the supply yet!

you can not decide whether or not to buy some altcoin by reading about it and its technology! we are in a manipulated pump and dump market and "research" like that won't help you one bit.

I think you missed the part where a small amount of XRP is destroyed every transaction. That is why there's 99,991,708,587 XRP available at the time I'm writing this post and not 100B.





That is your opinion and I would even agree with it when applied to any coin that doesn't try to solve a real life problem.

But since Ripple is doing exactly that, I can't agree with you.

There are some stable coins, backed up by the governments of some countries, but XRP is not a stable coin. It is subject to volatility, which is one of the focal points that has limited the adoption of crypto, xrp inclusive.
The marketcap of xrp is another thing to consider. What if the intended amount to be sent is more than the marketcap, it means it will not work.

xrp is full of fraudsters and fraud supporters.
XRP inflates over 2% a year calling it deflationary is outright fraud, scams of the earth.

Inflation
2016 xrp 2.8%    Euro 1.14%
2017 xrp 2.4%    Euro 1.35%
2018 xrp 2.05%, Euro 1.73%

About 8 Million xrp have been destroyed so far less than 0.002% per year so adjusted figures are
2016 2.798%,
2017 2.398% and in
2018 2.0498% inflation.

Even Ripple inc. management is distancing itself form such claim.

Noone really sends 100 billion to somewhere else that easily. That type of money is country economy changing amount, there are countries with less money in their treasury to begin with. Hence, that is not something they would care about right now. If that were the case and 100 billion were to be used than they could find a combining effort of both crypto and legacy systems to exchange money for that transaction purposes and go back to pure crypto.

The blockchain system and money is totally different, this is exactly why people still buy and sell ripple, they think XRP has anything to do with Ripple, even if a company were to send 100 billion dollars worth of money to another bank, they will not use XRP, they will just use the blockchain and pay Ripple company and people who hold XRP will not benefit from it.

I wonder why banks will use public blockchain at all, what is the point to do so, if they can build their own private worldwide banksters blockchain to transfer value between banks? Why do they use Ripple instead of private blockchain based solutions?

Even if this happens, it is not at all soon. In order for banks to accept Rippl, they need to stabilize in price and naturally grow. And this is not the next year for sure.

XRP cannot be printed because it is in blockchain, the circulation supply will have trouble.
Printing XRP then they need to deduct it over the contract? if not then the supply will continue to grow then!
I really dont trust or like the XRP project.

The banks don't need to do pump and dump scheme, they make a lot of money from interest and also from fees, from loans and also from exchange every business days, and yes a lot of banks use XRP. I not think someone will send 100$ billion in one single transaction with XRP to a bank.

So far, I have only observed the XRP charts and prices, but I do not think of the Bank's involvement in the transaction or scheme. But I see you doing pretty good research on XRP. Be optimistic with choices and analysis yourself, don't hesitate to make decisions. There is nothing to confuse.

Banks have working agreement with Ripple Inc.
Other than selling the received xrp (bribes) as soon as the agreement allows it banks wont touch xrp and have no need to.
Banks are in the Business of charging fees not pay them.
It almost appears xrp fanatic are the start part or of the promised zombie apocalypse.

We can call it bribes, but in the business world it's just a mutually beneficial agreement. And Ripple are very good at those.
They sold more than $535,000,000 worth of XRP in 2018, they can afford to "bribe" a lot more people than they've bribed up until now.
I don't think XRP deserves its #2 standing on CMC but I also can't help but predict further growth.

In any case, this is my no lately causing only positive emotions. Even in the last 24 hours after another try, the ripples began to gain 6%. Moreover, to another place in the cryptocurrency market by capitalization this is very good performance.

You can't just say that the system they want to use is base on your own explanation, definitely there might be other processes, XRP is definitely going  to make a difference in the side of assets transactions let's just keep fingers crossed.

I never trusted that coin. It violates the entire cryptocurrency system. Decentralization. And I'll never invest in it. I'm just disgusted. Capitalization in the market increases because of banks. When banks stop believing in this coin it is in a minus leaves.

Only a matter of time before the whole shenanigans unveils and it heats to court.
A good laugh is the negative numbers in the database supply history.
So in 2018 on average it inflated by 5 630 072 xrp daily and in in the entire history 8 million where spent (destroyed).
Almost as much was given away in Bribes as sold, clear as day marketcap is wrong.

https://i.ibb.co/yQnw3m6/bribe.png (https://ibb.co/jrvcp9y)

The Ripple blockchain has utility and can exist without XRP. Of course, the foundation will still try to add value to XRP, but it can be a profitable organization without XRP. That is, they can sell services directly to banks that can use another currency or token. I do not think Swift will use XRP.

I think they will find a way to do it in case they adopte XRP as main currency, but the problem they may face is its centralisation because the owners of Ripple can manipulate it as they want since they possess the big ℅

I realize all crypto currencies have experienced very drastic decline during the bear market, including Ripple (XRP). However, there is something special in Ripple that it tends to be easier to rise again with significant increase after falling. This advantage can be utilized to gain profits. Do you think it is the best coin to invest right now? 

Riiple tries to actively promote its products, but something tells me that not everything is as good as they would like!

Ripple live from selling crap worthless xrp. Does anyone selling a particular product not promoting it?
XRP price is pure fantasy.

I'm not sure personally whether financial institutions use xrp or something that's based on it (ie an internal system for their own bank or some sort of stable coin that can be bought for a certain amount of currency).


It's surges are probably due to the regular demand it has from financial institutions coupled with an increase in the number of buyers of it and also the low value with a high market cap might make it pump better. There's no way to find if it's a good investment other than to try it out with a small amount if you can.

If Ripple were the future of banks, JP Morgan shouldn't left to make their own coin ...just saying... . So far for me xrp is a non buying coin and what I find interesting, in my hometown , people are trying to sell a lot of XRP, this cannot be a good sign for a crypto enthuziast...

I don't think any bank will accept XRP as a currency for trading. If banks are going to accept cryptocurrency, I think they'll accept stable coins with high supply amount only. Your example is very good, there is no way to send 5 billion dollars via XRP cause total supply of XRP even lower than 5 billion dollars :))

Correct, I personally feel if banks are involved in cryptocurrency all they look is for money. Let crypto be different from banking system If this doesn't happen I am sure they will play according to the situation, XRP need to come up with some strong decisions where as the investors need to be benefitted from this and I believe they will not foul play.

So the thing that almost everyone doesn't understand about Ripple is that the token itself XRP, is absolutely useless.

Ripple is a company that developed a platform based off of blockchain technology that allows peer 2 peer transfers.
They are targetting banks as their clients, but that's just a business decision on their part.
Just like ethereum, with any blockchain platform, crypto is generated.
however, you do not need that coin to operate the platform.
In Ethereum's case, eth has a use because it is used as an investment tool for ICOs built on the eth platform.
But in xrp's case, it doesn't have a use.

So why is xrp so valuable?
Because of speculation, that's all.
And not only that, the company ripple holds the vast majority of XRP and systematically pumps the price and dumps it on crypto investors.
Oh, and did I mention that blockchain tech is actually a poor tool for bank to bank transfers?
It's expensive and slow to use.

Are you starting to get a good idea on why people hate Ripple?

Which wont happen.

Will they really let a centralized crypto currency just go further into giving a value larger than USD or EURO?
I dont think so.

It will cause a big chaos in the financial stability. Then I would just buy XRP now and let it grow in price.
But that still wont happen. I have so much doubt with this coin. I am guessing it will go down just like others did for lack of support.

Most money on banks are not printed. In the case of our country, there's a limited amount of cash you can only withdraw within a regular day.

Yup, that's why when I transact online, I often used cryptos only because when I use fiat, banks always ask too much questions and preps are hassle.

We're pretty much the same. I'm fond of using cryptos also because they are more convenient to use for online transactions. With all different cryptos and exchangers to choose from, it is easy right now to find one that matches your preferences. I also want to share that I've heard that Bitrus (https://bitrus.com/worldcup/?utm_source=ccwc) will release an upcoming exchanger so you might want to see and try that one soon. It might match your personal preference and help you to grow more in this market.

I don't know, guys. It actually depends on where you live, in what country. I lived in countries where transfering fiat is pain with so much background checks and middlemen, so bad that you could accumulate $1,000 in fees for a year. Cryptos? Forget it.

And then I lived in countries where every option is offered, every payment system is available and cheap, including bitcoin transactions.