/biz/ - Business & Finance

>>53754333
how do you see XRP mooning? say tomorrow it becomes the global payment system and is installed in every country.

these banks don't need to have reserves of XRP. it is an intermediate coin that is used ad-hoc. if i am in the UK and you are in the US, i use Ripple to send you some GBP. XRP is purchased by my gateway, transmitted across the network and redeemed in USD at your gateway in about 1 second, and the XRP goes back on the market for the next transaction. this does not cause a supply shock that you need for a bullish move.

the only shock i can see here is if your gateway does not have enough USD, in which case it would need to sell XRP on the market for the local currency to raise enough USD to complete the transaction. but this system is centralised, so the XRP would not be purchased, but printed. the idea here is the circulating supply will expand to meet the demand of the system.

i feel like there is a concerted effort to trick people into buying XRP so they have enough liquidity around the world to support their network, but thats it, the coin will never actually pump, you are just supporting the network's liquidity requirements.

im sorry bro i hope im wrong.

10K Bitcoin bros how we feelin?