/biz/ - Business & Finance

>>27664824
this anon gets it.

>>27665454
>>27663889

the value of xrp is not its value as a speculative asset such as buying gold or oil or collectibles and hoping they appreciate. the value of xrp is that it is the native currency of the ripplenet. ripplenet is going to become the standard interbank and intercurrency exchange protocol. blockchain purists get buttmad that ripple is "centralized," but honestly there has to be a degree of centralization if it is ever going to become fully accepted by governments and regulators. and even though there are arguments back and forth whether that is ultimately a good thing, the truth is that the need for something resembling a central governing body. right now the worlds of crypto and fiat currencies are just kind of ,orbiting each other in this uncomfortable courtship. i believe there is a good chance this pending SEC complaint will not only end favorably for ripple, but will also lead to clearer guidance on the role of crypto in the financial system. the solutions ripplenet provides for interbank settlement and reconciliation is orders of magnitude more efficient than how we do things now. between clearing houses, wire rooms, intermediary banks, foreign currency conversion, etc., so many billions of dollars in lost productivity get wasted waiting for things to churn through the guts of the financial system. what ripple provides is basically a viable alternative that is already piloted and basically ready to take out of the box and go. the amount of friction it is going to remove from interbank processing is going to completely change the way banks operate.
the fact xrp is the native currency of this network is what gives it its value. it's valuable because of what it does, not what it is. for that reason, it is literally more "real" than fiat currency, as its value is going to come from the utility it creates