/biz/ - Business & Finance

>>51657567

Token not needed.

>>51657567
cause

Because XRP is the only one that has a platform that is easy for business use. If you think retarded office workers are going to open wallets and use CEX's or DEX's to send Bitcoin or ETH with ridiculous fees then you are retarded

>>51657567
XLM and Algorand do same thing but faster, cheaper and better. And they are not fraud like Ripple

>>51657857
I don't even need crypto. SEPA instant transfers anywhere in Europe are as the name implies, instant.

>>51657567
Because XRP has the bestest tech, cutting edge

>>51657902
>XLM
it's going to go back up, right bros? I'm hodling

>>51657567
you don't. payments are often not settled instantly in legacy banking systems because they earn fees by artificially slowing down remittance speed. want faster transactions? pay more. why would they want to give up a big part of their income? they have monopoly on fees, too.

>>51657567
Because the burn rate of the token itself is the guarantee the transaction is successful? Xsg has been going strong for 2 years and fud like this is still posted...

why can't banks do it already? fiat isn't real anyway so there's no reason to make transfers slow

>>51657963
>no other token has a transaction burn rate
you cripplefaggots really need to either come up with new material or stop shitting up the the catalog and keep your retarded shtiposting in your faggot containment thread

>>51657915
>SEPA instant transfers anywhere in Europe are as the name implies, instant
The transaction yes, the settlement of cash behind the scenes is not instant and takes days

>>51657567
>>51657583
>>51657601
>>51657605
>>51657857
>>51657902
>>51657915
>>51657916
>>51657926
>>51657949
>>51657963
>>51657973
>>51657982
>>51658062

XRP will go to $37500 at some point

first $589 when taking over swift

then $2000

then $37500

then even $50000 at some point

hell they even made $300k + predictions

Know what you hold, buy XRP. Check out /xsg/

>>51658072
I hold XRP and this is top delusional shit.

Nigga VINU is instantaneous. What the fuck is this shit kek Ripple sucks so much penis

>>51658072
you people never learn. holy shit you never do. there is not a single ounce of irony or whimsical nature in this post is there? you truly do believe the shit you spout. you all do in fact, you all believe it and you all wait for it and you all check the charts hoping it happens. jesus fucking christ we are doomed.

>>51661380
Dogcoins are not supposed to have any usecase anon they are supposed to be dumb retarded empty memes......

>>51657902
>>51657916
>>51657926
And who cares when all 3 are dying? lmao
Just buy XRP and swallow your pride you fucking boomers. How long have you been holding those bags by now?

>>51661398

XRP will go to $37500 at some point

first $589 when taking over swift

then $2000

then $37500

then even $50000 at some point

hell they even made $300k + predictions

Know what you hold, buy XRP. Check out /xsg/

>>51661380
that's more or less the standard anon people in this board are just retarded

>>51657949
>"Yeah who's going to provide high speed internet when dial up still has a monopoly" - some fag circa early 2000's

>>51661994
you don't get it. they already have all the infrastructure in place to offer high speed transactions. they simply don't because there is no profit in it. ripplefags are pitching a solution to a problem that doesn't even need solving.

I still don't understand why banks ach takes days

>>51657915
lol this nigger, when you buy something with a debit/credit card; the money(CASH) hasn't been settled yet, that takes days. The transaction is instant, but transaction =/= settlement

>>51661398
what do you hold?

>>51657902
>>51657926
i'm never selling my XLM bag

>>51657915
As others have said your instant isn't instant. Behind the scenes there is a account with money that the transaction use as insurance lean (friction) while the transaction is settled.
This is how the current system manages trust

>>51662099
What I also like I said >>51662128, why wouldn't companies and banks want their money instantly. They still have to wait for their liquidity. I don't think you know the problems as much as you do, Banks still get charged by other banks when sending money across the country and borders, there's simply too many middlemen. When a bank company simply because there's too many middlemen. When a bank/company offers little to no fees (by having a large amount of XRP and using the XRPL) where do you think retail will flock too?

>>51662391
I butchered the second to last sentence.
>There's to many middlemen

>>51662391
>why wouldn't companies and banks want their money instantly
it doesn't matter what they want. the house makes the rules and the house will NEVER let anyone have any more power than they already have. if you want instant liquidity pay up.
>I don't think you know the problems as much as you do
i'm helping with mx implementation at a certain financial institution. while i don't know what their plans are i can tell you that all the infrastructure for instant remittance already exists and has existed for a long time. blockchain is quite literally not needed for a black box system like that.

>>51658072
It actually unironically will.
The problem is only banks, firms, and "approved" investors can hold it.
Every private investors xrp wallet will be blacklisted on every exchange and even xumm will betray us.
Essentially freezing a large portion of the supply to draw prices up even further.

>>51657949
https://youtu.be/gGMgYsApgB0

It's because of netting idiot. Netting can't be done instantly, the entire point of netting is to batch transactions together and only transfer the net change but you can't do this if you send every transaction separately.

>>51662730
>ignores the xsg lore
They have talked of buybacks, also with xrp being trustless it would not prevent "blacklisted" wallets to trade with each other. No, a more likely scenario would be increase reserve minimums to the max, after of course normal people fomo into it, causing them to fomo out of it.

>>51664292
Interesting. So once reserves unleash and normies fomo out of it, what causes another rise

>>51657567

couldn't i and shouldn't i just use xlm that does the exact same thing but isn't run by kikes who pay for fud hit pieces on other projects like bitcoin and are in bed with the WEF?

>>51657926
>>51662141

>holding a utility coin

You can't be serious guys. I love xlm but come on now.

>>51664407
Adoption, iirc it is a method of last resort to get people to sell, they will have a 2 week heads up while the vote is being done. Consider this, say the price of xrp goes to 10 bucks and normies flood in with many self custodying, say that adoption is right around the corner and a forced buyback is untenable so the validators put the vote up to raise the reserve requirements to 4300~ at double digit xrp most of the new buys wouldnt be willing to spend tens of thousands of dollars to maintain their wallets use, it would be functionally frozen with limited use on the xrpl, what do you think people would do? The schizos likely would not be phased but everyone who isnt in tune to the lore would flip their shit, yet the fomo sell would have literally no effect on the price. Congrats no one told you to sell.