XRP (Ripple) up 15.5% this week... why?
For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
But are they really?? Who? Which ones? ...
Its only the System called RippleNet that Financial Instituions and Banks use. They use the Ripple XCurrent Messaging system which is a competitor to SWIFT.For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
But are they really?? Who? Which ones? ...
It is completely seperated from the Token and those financial instituitions pay to use Ripple XCurrent. The XRP token has just been a money-grab for The company behind ripple to line their pockets from people that don't understand this. I first read up on RippleNet and its separation from XRP in 2018 and found this out, nothing has changed.
https://www.mycryptopedia.com/ripplenet-and-ripple-xcurrent-explained/