/biz/ - Business & Finance

>>11226440
let BTC die, It's slow, unsustainable, unscalable technology dragging the whole crypto market down, bow to the new king XRP

>>11214849
asking why something has a value is fucking retarded question you should know by now
it has this value because someone on this earth is willing to pay specific amount of USD for it
the value increases because of anticipation and speculation, the current speculation is that
xRapid will go live in October ... this year = actual utility of the XRP token to solve the nostro/vostro problem, fucking DYOR and KYS.

XRP

XRP / xRapid Diagram
https://imgur.com/a/Wbf7N

XRP Compared to other Crypto
https://imgur.com/a/PvTef

Companies Using XRP:
https://docs.google.com/spreadsheets/d/1E1AcLBd_ykemoDAPwZsbl5f2wyrS7RhlAt94CrHXTAg/edit?pli=1#gid=0

David Schwartz comments on how higher XRP price would help Ripple
https://www.xrpchat.com/topic/9427-david-schwartz%E2%80%8F-comments-on-how-higher-xrp-price-would-help-ripple/

Facts:
XRP is blockchain technology.
XRP is not centralized, anyone can run validator server: https://xrpcharts.ripple.com/#/validators
XRP price is not fixed by anyone not even banks or Ripple Co.
XRP is a coin used to transport value over the Internet, specifically over the blockchain network, same as any other coin.
There is a limited amount of XRP amount premined around 100B.
In order for the banks to use XRP, fast payments with literary 0 costs they will need to purchase XRP for their reserves from Ripple Co at market price.

XRP diagram explained:
The orange box is a xRapid software that automates exchange of fiat to XRP a current exchange rate.
Whenever customer wants to send fiat, bank takes this fiat and exchanges it for XRP at current exchange rate,
XRP is sent over the blockchain to destination, at destination XRP amount is converted back to fiat.
All of this takes less than 3 seconds.

But muh jew coin:
Remember you are here to make money not for the moral that banks are evil, you are on /biz/ not /pol/.
If you think banks will go away anytime soon you are delusional retard.

But muh it's not moving:
XRP has gone up 30,000% last year, what do you mean is is not moving?!

But muh Ripple Co. can freeze your coins:
XRP CAN'T BE FROZEN BY ANYONE. Only IOUs/tokens can be frozen by the issuer. https://ripple.com/build/freeze/

This is the only coin that's changing the industry right now,
all others live on hype.

>>8270087