/biz/ - Business & Finance

Www.fudbingo.com

Saged.

>>9685267

You're made that you're holding coins that are going to be worth hundreds of dollars each?

Are you fucking retarded?

>>9685333

mad*

Also trips for truth

>>9685267
>ohh noo, i bought 50 xrp for 25$ and now i have 10$ stuck!!!!!

I really don't believe that Ripple should have any worth whatsoever because it is not based on the ideal that you only need know enough about coding to improve and own your asset. There is not enough support from the community of crypt o enthusiasts to actually allow ripple to do much more than remind us of what we are trying to leave behind in the world of banks and third party involvement.
When I started putting money out on crypt o, ripple was one of the first coins that i put money with because i believed that i would make money. Then I realized that if I made any money from it, I just wanted to sell everything left and go elsewhere with my investments.

>>9685416
Ah yes, no ripple thread would be complete without the classic Photoshop fud

>>9685510

Yeah.

Ripple is working with the regulators. It's not an anarchist coin. People need to fucking get over this.

The mainstream adoption of anything to do with digital assets is good for all digital assets.

>>9685347
I bought 50 REQ for 8$. its lost a little but its not stuck hooray req isnt the shittiest coin on biz!

>>9685562
if the metrics of the coin dont disgust you, and the gorilla head dev doesnt trigger vomit, then the whores that shill this on twitter and act like they are supermodels should be enough to let you xrp is not cool at all in any way

XRP is not even a blockchain. Its just a digital asset to transfer value. The Ripple jews can freeze your funds and spy on you. Mzh crypto currency lol. Not to mention they sell every single coin for 100% profit. Just lol at any fag actually buying into thisd epic scam.

>>9685609

The gorilla head dev, if you're referring to Mr. Schwartz, has the typical traits of a successful person in the tech industry. He's eccentric, big-brained, balding with long hair, and despite his mental capacity, is extroverted and personable. He worked for the NSA, to boot.

I don't have to think XRP is 'cool'. I'll settle with making money off of the banks and using it to do something productive.

>>9685667
hes a genius and a chad

>>9685609
wow how shit metrics, disgusting.

>>9685785
this jewish chad is a pretty huge inspiration to be honest

xrp is great, but it'll never make you any money. crypto in general has a pretty nasty inverse relationship with price and usefulness

>>9685819

>won't make you any money

I don't know how you can actually say that and believe yourself.

>>9685267

Agreed. I work at a bank, registered financial advisor too in wealth management.

XRP mongoloids are dumbest and most desperate peasants I've seen so far.

Honestly what the morons don't understand is that in order for XRP to work for INTERNATIONAL remittances,

the price of XRP would have to be PEGGED to the currency it's settling. Banks won't take on this risk from other banks transferring them money.

using a volatile asset to settle the dollar or euro will NEVER work.

but retards are retards and they will buy a centralized coin for a network that will not give them permission to use it, a centralized coin intended to help (in theory) the very system that's already fucking them deep in the ass.

people forget why bitcoin became a big deal. because banks can't be trusted

>>9685552
kys
The state of ripple bag holders

>>9685785
absolutely disgusting

>>9685920
You've just explained why XRP is the perfect long term store of value coin, thanks.

>>9685920
gtfo larper
if it is centralized then point the node that controls the network, the one which the network depends on
also
since xrp transactions take only 3 seconds, banks are not that exposed to volatility and cryptocurrencies volatility will die off over time.

>>9685938
nice facts you mouth breather

>>9685267
Gettin mighty tired of your shit motherfucker.

>>9685322
What the actual fuck these are flat out lies.

>The Top 100 accounts (wallets) contain ~81% of the circulating XRP supply. Most of the wallets in the Top 100 are exchanges. The actual amount of XRP Ripple can spend not even close to 81%.

>Regarding the 55 billion coins in escrow: Ripple can't touch these coins and uses them to support market makers.

So they just debunked their own debunking. How can they use the coins to support anything if they cant touch them?! Jesus christ this is so misleading you would think I was reading Snopes.

>>9685920

Not true.

Also, the elimination of nostro accounts is such an insane savings that the volatility issue becomes a vague afterthought.

>>9685785
genius and tiff LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO. Hes banking the unbanked alright! Life is hard bein an xrp thot

>>9685793
>Doesnt compare it to eos
>free transactions, 0.5 second transactions, 2.5 million transactions per second, (expandable to infinity) supports smart contracts, not 100% premined, actually decentralized

XRP pays a wall street comodities trader to litteraly force losses on buyers. This is fact and XRP themselves crashed the coin in 2018 a=using this one wall street punk. its a shitfest with snoop dog rapping to the tune of wall street crime

>>9685920
>XRP is so fast volatility is no issue.

you’re a shit munching retard.

>>9686073
>LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO
>>9686055
is not wrong, and info there is legit. you just misunderstood it
55B are in scrow
1B leave scrow every month, if it is not used then it returns to scrow

you all guys complain just stop posting about it and dont buy it
end of story

>>9685267

Every time I see a thread like this I buy more XRP. Sitting comfy, feels good. I love shorting /biz/ by buying XRP.

>>9685920
As someone who doesn‘t own a single xrp i have to ask My Banking expert anon here how volatility should be a problem for any crypto if the asset has a transaction timebof mere seconds?
Volatiity can‘t be a Problem here.
Just Because you scrub the shitters there does not mean you‘re a bankster

>>9686551
just dont buy too much cause those jews are counting every coin and that commodities dude is ONLY trading ripple to GET MONEY for jews, not get money for yous

>>9686561
>>9686135
It settles so fast that volatility will not be an issue. I’d like to think we are educating people but they already know, and choose their fate. So fuck em

>>9685267

OP don't even bother with pajeetfags. THey all thought Ripple would just be another bitcoin and literally everyone is holding bags still from the ATH. for ripple to be worth anything over a dollar they all have to sell and they won't cuz they prefer to be bagholding cucks lmao.

the eternal jew has won

>>9685793
Face it, bean cash is almost as fast and doesn't have all this centralized bullshit and jewish tricks.

>>9686143
So they massively dump on you for the next 4.5 years. Its like Nano x1000. See you at a tenth of a penny buddy.

>>9686611

>>9686580
You are the exact type of person we are shorting. Feels comfy

Yes XRP is a scam. They have no working product nor customers. Also their team is full of pajeets.

MARKET SELL EVERYTHING you have and post transaction ID, I'll send you 0,05 BTC if you do.

>>9687866
Kek. The fear is palpable. Why not just buy/hedge XRP if youre so worried?

>>9685267
don't worry. maybe the tooth fairy will come tonight and give you $20 under your pillow. didn't you just lose another tooth recently?

/biz will be rekt after whats going to happen.

But but but /biz said it will never be XRP and me so dumb listening to dumbers

All these biz “bros” don’t even realize XRP released a whitepaper back in February for Cobalt, 1 second transactions.

With the amount of partnerships that are installing the infrastructure, the 1 second transaction times, Xspring, and the savings from the elimination of nostro/vostro accounts, XRP is bound to go 10x to 100x within 5 years.

The money saved from the nostro/vostro accounts alone will make banks even more money by being able to invest the literally trillions into other markets which will further stimulate the economy.

Stay poor faggots

>>9688841
Shhhh. You don't really want these faggots to become rich.

Let them stay poor, depressed, suicide in 2-3 years. World population reduced. Easy win.

>>9688841
Dont shill me favorite shitcoins here reeeeeeeeeeeeeeeeeeeee.
Let those fucking brainlet stay poor and fomo in later so I can dumb my bags on them.

>>9688874
You’re right. All of the high iq fags already bought in.

The rest of biz will be our wagecucks. They’ve already been warned countless times

>>9688841
Why do you think it will 10x-100x in the next 5 years? The 55b in escrow is reserved for onboarding banks, right? In that sense, the volume on the network will be between banks, not between consumers. On top of that, to work it shouldn't be volatile. Even if transactions settle quickly and volatility is on issue, how does this correlate with upwards movement. You need buy orders for the price to move up. Crypto markets are speculatively driven. Who is going to buy XRP as a consumer, especially after many people were JUSTed Dec-Jan.? I am not sure, but aren't they releasing something like microtransactions for consumers to use. It hasn't been mentioned once here.

>>9689095

XRP becomes cheaper to use as the value of XRP grows. A higher value of XRP means less XRP needs to be used to send money internationally.

Less XRP used means less XRP is burned, thus prolonging the lifetime of XRP with its burnrate.

Banks and remittance companies buying in will want longevity, but they’ll also want their investment to grow.

When the inevitable mainstream adoption happens, neets will be buying up XRP much like in dec/jan which will help create more liquidity but also scarcity.

XRPs will be burned with each transaction with a majority of xrp being owned by banks; however, there’s a small percentage (I think less than 10%) which will be in the exchanges which will be owned by neets (again scarcity)

Banks will want to buy up more to prolong their use of XRP and don’t wont want to have a competitive advantage over others which will force competition to buy up the remaining XRP.

Companies that tested XRapid are already reporting a saving of 30% and upwards, not to mention the time saved since it takes literally days for cross-border payments today. Even an expensive investment will save banks and remittance companies more money long term. The more XRP bought from the market to be strictly used as an asset will, once again, create even more scarcity.

Banks are greedier than the average investor. Theoretically, even a $100 XRP bought by a bank will save the banks tenfold in a decade or more of use which means the true value of XRP would be even higher.

https://www.youtube.com/watch?v=G8qGrfsrUMU

Even Vitalik saw the potential and vision of the company Ripple and the XRP token 5 years ago - https://bitcoinmagazine.com/articles/introducing-ripple/

>>9689230
Thanks for the good explanation. It makes a lot of sense why banks would push the price up to extend the lifespan of their investment. Do you think their method of accumulation will be much like bitcoin, with the consistent bart trend to shake weak hands? Also, what kinds of mainstream adoption with ripple are regular people going to expect?.Also, extra question is how do banks prefer to pump the coin? Over exchange or through some sort of middlemen?

>>9685267
Aww man you lucky. I only have 15 ripples! Ripples is the best! Thinking about selling my 17 Verge to buy more ripples.

>>9689230
too bad banks dont actually need to buy xrp because all they really need is the tech. probably why the developers said it wasnt an investment vehicle and people shouldnt expect it to go up in value

>>9685920
tell me anon, how much XRP are you holding?

>>9689457
imagine getting dumped on by ellen lol

>>9689457

They don’t “need” it, yet.

Banks can save 30-40% with xrapid currently; however, once there is more liquidity, all it takes is one mainstream bank to hop on board to save another estimated 10-20% which mean banks will save 50-60% compared to the currently system.

No bank wants to have a competitive disadvantage. With the 100+ partnerships ripple has, all it takes is one bank or remittance company to make a “ripple” effect.

The first adoptive will have a competitive advantage. No competing company will want to be at a competitive disadvantage, thus, mainstream adoption.

>>9689395

I don’t think banks will Bart XRP, it’ll make more sense for them to buy, hold, and use. Barting will allow another competing bank to accumulate the original banks XRP. It’ll be much safer for them to buy, hold, and use.

The everyday man will potentially be affected by having money transfers immediately with cheaper fees, much like banks. For example, look at Santanders new app using XRP. Banks still make money because we use their system, we save money when using said system, and we’ll use their system more thus making banks more money. It’s a win-win.

I don’t see banks pumping the coin, but it’s entirely possible. If they do pump it, I don’t think it’ll be through exchanges, but more from propaganda and advertising getting the normals to accumulate more which will create scarcity that will ultimately increase XRP’s value, ie the dec/jan exposure XRP got via media

>>9689619
So who will primarily be driving the price up, people or the banks? Because the price right now is set through exchanges

>>9689642

I see a symbiotic relationship between the people and the banks driving up the price.

The people will mainly be used to develop more liquidity which is needed for banks to use XRP while the banks will mainly create scarcity. Banks and remittance companies won’t be using XRP to trade, they’ll be using the digital asset to save money. There will be bagholders in the normal population, but the banks and remittance companies will be the ultimate bag holders since they’ll be buying, holding, and USING XRP until it’s all ultimately burned or until better tech comes along combined a marketing team as successful as XRP.

XRP has been in development since 2012 and disruptive tech is always slow to adoption, so I don’t see a better tech being adopted for another 10+ years as a conservative estimate.

>>9689776
Stop it. No matter how hard y try those brainlet still refuse to understand it, there is no use in explaining to them when the time come they will fomo in and we all gonna dumb our bags on them.

>>9689841
Fuck off pajeet. If you want XRP to increase in value, it needs to be used by banks like he says. It also needs to be liquid, meaning people are going to have to want to buy and use it. Nobody wants to be dumped on pajeet. You lose out if you dump your bags on something that's going to be adopted and used.

>>9686063

honestly if the market will price this asset at 60 cents and speculate it to 3 dollars how the fuck will banks rely on this to transfer fiat if the recieving bank recieves ripple and the price goes down on the asset? just think how the banks will consolidate their balance sheets each and everytime moving traditional fiat with this digital asset


all the banks signed up foe ripplw are trialing xCurrent, which doesnt need or use the XRP token. only 2 out of the hundred banks are using xRapid

>>9689557
You know what banks hate. Volitle fucking assests. XRP is a fucking pipe dream. Banks will use the tech until something else comes along. They arent going to hold a bunch of xrp when the price swings more than ops mom

>>9690303

Agreed 100%. i work for the largest US bank i wealth management, and yes XRP as of now i a pipe dream.

not a long term investment until i see more xRapid adoption and regulation clarity on crypto overall..., but if you want to trade this volatile asset with high liquidity knock yourself out.

>>9685510
Are you me?

this is why crypto is failing.
the one coin that has actual corporate adoption everyone tears apart because they are holding bags of another coin. fucking rats all of you

And he is related to George Soros

>>9690303

You know what banks love? Saving money.

There are literally 10’s if trillions locked up in nostro/vostro accounts that banks could use toward other investments if they’re no longer needed.

How many more transaction will occur when it takes seconds to send money instead of days? How much will banks save when compared to the current system.

Do you know what liquidity does or are you a brainlet? Why do you think a portion XRP is even allowed for the population to buy?

How volatile will the market be when the government cracks down, regulates, and eliminates pump and dump groups?

You’re fucking delusional if you think crypto will be unregulated forever.

How much will the price of XRP change in 1 second when Cobalt is implemented after the market is regulated?

I’m screen capping you so I can laugh daily at how pathetic you are when I’m rich from my smart decisions.

Fuck off poorfag

>>9690247
>>9690343
you are a thick skull fag
why dont you check facts instead of pulling data out of your butt.
http://rppl.info/
look for xrapid and xvia labels
the volatility issue has been discussed already
>>9686583
>>9685998

>>9690381
Proof?

>>9685267

>>9690343
Easy, banks pump the coin to a good amount and put large buy and sell walls or use bots to keep the price stable

>>9685785
>clearly pay woman to pose in picture next to you
>be such a disappointment fat kike you have said bitch give you the mother of all hover hands

Some fucking Chad! Enjoy your scam shekel goy.

>>9690499
I don’t see banks putting up buy or sell walls.

A competing bank would gladly buy up the XRP to get an even greater competitive advantage. XRP is finite.

>>9690509
thats all you have to say against xrp?
thats it?
fudsters are getting desperate, all their shit arguments got refuted so hard that they now have to recur to personal attacks
also
she is a very known suporter, nobody paid her.
btfo once more

I can’t wait for xrp to rocket.

All the contrarian fudster fucks will be scrambling to dump their shitcoins for xrp, having a panic attack over how mind-numbingly thick they are. “Oh noooo, i been a bad boi, i hab no ripul, plz gib me more time, i’ll be a gud boi, oh god plssss.”

>>9690576
if you follow her on twitter for a week you can see she is a shitbag. Fawning over rich guys and acting like a cunt to everyone thats not praising her. sad

>>9691319
i dont care what the fuck she does. the point is that nobody paid her to take that pic. the other way around, she asked david to for a pic with him
damn you are stupid as fuck, nothing of what you said in this thread made any sense, get out already, faggot

>>9691319
>sad
reality

>>9686611
Kek, xrp tards unable to refute this.

>>9690499

are you retarded, banks aint touchin crypto until.its reguated. only insiders fucking with the orders on exchanges

>>9691365
wow you are steaming triggered over that sht. dude just give her some crypto if you want her that bad, maybe you should make a fan club or someshit lol

>>9685333
>anyone using ripple will just have to be ok with losing at least $2000 every time they use a new address
truly the currency of the future

>>9691570
excellent point Anon

>>9691538
Are you retarded? There are already banks in production using XRP.

>>9685920

>financial advisor

stopped reading there

>>9685562
You don't shift the power of the world by being friends and asking for permission from those who have power. You have to take it secretly/by force.
If we end up using a crypto that existing governments and banks accept, it means that nothing changed.

>>9690461


you are moron the volatility issue is not resolved.

by the way i am a licensed financial advisor for the largest US bank. i work at a fucking bank.
do you know how banks transfer assets to each other and how fractional reserve banking works?

banks are not going to use this volatile asset to settle traditional currencies anytime soon its too youbrainlet

so keep dreaming you delusional cuckold

right now everything is in guinea pigged. swift is also working on their own blockchain. so dont be so naiive

>>9691538
are you fucking retarded? do you think ripple is going to remain unregulated?

>>9690461

and for the record i am not pulling facts from my butthole. there are ONLY 2 small partners using xRapid (utilizes xrp) all the rest xCurrent (does not utilize xrp)

and why do i give a shit about xvia that doesnt use XRP token.

youve been cucked fagboi

I'm a bank director for the bank of america,
We are going to use Xrapid in the coming months,
do u not see the writing on the wall?
or are all you fudders to emotionally atached to your 'decentralized" shitcoins?
Multi Trillion dollar real world problem.
FIXED
nah not buyin, stay poor

oh god, yes, I’m jerking off over how poor people are volunteering to be

Please, continue to fud, stay fat, angry and poor

Oh god yessssssss

>>9691762
XRAPID USERS

Western Union
MoneyGram
Cambridge FX
Mercury FX
IDT
Cuallix
Viamericas

>>9691661
nice larp, you should be working not replying to 4chan fucking retard

Banks will (as a business entity) hold XRP but the main holders for XRP are market-makers (MM). Market-makers bridge currency pairs as well as XRP through arbitrage algorithms. To do that, they need to hold various currencies and XRP on the Ripple network (RCL). Profit in MM is greater with higher network utility, and will likely be very profitable given the volume of global remittance. While MMs themselves may be subsidiary of banks, it is more likely that they are managed like investment funds. Private investors will place money with these MMs (e.g. Japan-Asia MM Fund, India-Singapore MM Fund, Asia-Europe MM fund) for earnings. So in essence, profit is made from network utility and the risk of holdings are placed on the investors. Addressing volatility: The percentage volatility is high today simply because the number of participants (holdings of XRP) is comparably low. This can, and will likely be addressed through higher participation and thus pricing. If you look at bitcoin today, the % change isn't as high as other alt coins with lower participation. More participants, higher price, less volatility.

>>9691608

its all good its not like i can use my knowledge in traditional finance and apply the same knowledge in this emerging market.

gtfo pleb

>>9691661
false.
https://twitter.com/JoelKatz/status/1000770377851731968
https://twitter.com/Ripple/status/973414496227049472
https://twitter.com/bgarlinghouse/status/958063773985599488?lang=en
>>9691762
check again
http://rppl.info/

>>9691661
i'm sure you are only qualified to advise pajeets

Two more months til new ATH.
Screencap this.

>popular thread

>>9691902

2018 is the last year anyone will be able to get XRP under a dollar.

XRP shill thread about to outpace the bitcoin cash shill thread.

>>9692036
Just correcting misinformation about XRP.

>>9692023


the faggots investing in xrp forget why crypto became so valuable in the first place,

its not about banks reducing their bottom line with XRP

its about having a currency not diluted by a few privileged assholes who can decide they can print more of it out of thin air AT WILL so they can bail themselves out and tax you the same to curb their reckless spending.

its about inclusion of the 2.5 + people who dont have access to tradional banking systems.

its about censorship resistance so no oppressive government or corporation can seize your assets.


its about decentralizing the monetary system ridding our economy of third parties who add zero additional value when it comes to commerce.

so go ahead and invest in XRP cause it does none of the above

>>9692149
>the faggots investing in xrp forget why crypto became so valuable in the first place

Stopped reading right after that bullshit assumption.

No one forgets why crypto became valuable, just like no one old enough to know about Napster, Kazaa or Limewire forgets why that was valuable at the time, and it sure as fuck doesn't stop anyone from using Spotify or Pandora.

Now excuse me while I continue to invest in XRP

>>9692204
Maybe you should've kept on reading, ripplet.

>>9692149
To address your points:

- More XRP cannot be created
- XRP can include those which don't have access to traditional banking systems. Look at https://xrptext.com/ for example.
- XRP cannot be seized any easier than Bitcoin due to its decentralized nature. Look at the map view here for example: https://xrpcharts.ripple.com/#/topology

I hope this aids your knowledge in order to prevent misinformation in the future.

The cryptocurrency community should have never allowed this centralized 100% premine banker Jew coin, sold for 100% profit released coins from escrow virtual asset to be called a "cryptocurrency" it is the total antithesis that pervades the space and defeats the point of crypto. Crypto was meant to free us, not further empower our masters..

>>9692149
>its about censorship resistance so no oppressive government or corporation can seize your assets.
https://www.theguardian.com/technology/2013/oct/02/bitcoin-silk-road-how-to-seize
https://www.bloomberg.com/news/articles/2018-05-25/london-police-seize-bitcoin-worth-667-000-from-hacker
https://www.coindesk.com/german-authorities-sold-14-million-in-seized-cryptos-over-price-fears/
>they can print more of it out of thin air AT WILL
https://www.youtube.com/watch?v=Y7fDEO15MGI
https://fudbingo.com/ripple-can-create-more-xrp
>its about having a currency not diluted by a few privileged assholes
yet a single person (mt gox trustee) can crash the market at will

>>9692234

the "trusted" nodes validating transactions for the network are already pre determines and chosen
https://www.reddit.com/r/Ripple/comments/6w5vsd/validator_nodes/?utm_source=reddit-android

>>9692326
exactly thank you

>>9692405
however trusted validators list can be changed at will, trusted validators list cant be empty

>>9692405
A validator can choose which nodes it wants to trust - https://ripple.com/technical-faq-xrp-ledger/

See here for more details from the chief cryptographer at Ripple, who has done a lot of work on the XRP ledger - https://bitcoin.stackexchange.com/questions/10181/what-is-the-ripple-equivalent-of-the-51-attack

>>9692149

You seriously think government regulation will only come because people are investing in XRP? You’re a fucking brainlet.

Regulation is inevitable poorfag.

Every cryptocurrency was created out of thin air to profit the devs.

If you want to keep regulations at bay, you firstly need to stop participating in pump and dump schemes, basedboy.

>>9692984

when the fuck did i say regulation isnt coming??

>>9692326
>being this opinionated about something you're so uneducated about
No one is going to take away your vaporware shitcoins. In fact as XRP continues to grow and gain value it's only going to make other crypto assets look better to investors.

XRP being complete trash and getting to top 3 on CMC is bullish for the actually good projects out there that aim to work with banks

>>9693401

What do you think makes it 'trash'?

>>9693401
https://www.youtube.com/watch?v=coyhg-YucSQ

>>9689095

I believe you are incorrect on some of the fundamentals.

The banks do not use the xrp set aside in escrow. They use xrp from the same public pool we ourselves are buying and selling.

The xrp in escrow is for ripple to use how they see fit to improve the company.

Also the banks don't buy and hold stockpiles of xrp. When they want to do a transfer on xrapid, the currency, i.e. euros, is converted to xrp bought from the same public supply we trade, sent to the desired location, then almost instantly converted over to the new desired currency, i.e. us dollars

This both eliminates the needs for banks to hold literal trillions of dollars in Nostro/Vostro accounts in other banks across the world, freeing up that money. It also means any volatility in xrp has no impact on the banks as they hold it for only 3 seconds when exchanging one currency for another.

On a side not the volatility in nostro/vostro accounts is far more of a problem as it takes days to complete a currency exchange under the current system. A problem ripple completely eliminates :)

>>9692326
XRP is the ONKY coin where you can become your own bank. But you too stupid for understanding how program XRP transaction and cannot be bothered learn how trust and labels work.

>>9689457
Except this is drastically changing

Xrapid is extremely successful and required the use of xrp

Ripple also just launched their project to open source the development of dapps on the xrp protocol

Xrp is evolving

>>9689619

I think your premise might be flawed. Banks don't need to hold xrp in order to use xrapid.

When doing a currency exchange with xrapid the currency 1 is exchanged for xrp on the same market we use to publicly buy and sell xrp and then that xrp is exchanged for currency 2, the desired currency at the end of the cross border transaction. The whole prosses takes 3 seconds and the bank doesn't have to worry about having any stockpile of xrp.

The price of xrp doesn't have any meaning at all to the banks as the prosses happens so fast. It's bought and sold almost instantly for the desired currency. They don't care if 1 xrp = $1 or 1 xrp = $100

It's not something they store or hold onto it's just an intermittent between 2 other currency

I don't give a shit about banks all I want is a return on my investment
So what are the price predictions and when do I sell?
t. bought 5k xrp in april 2017

>>9689776
No that's the genius thing about xrapid. There is NO bag holding like in a nostro/vostro account.

>>9690247
Because it only takes 3 seconds to complete the transfer. It's way more volatile to use nostro/vostro accounts like in the current system as those suffer through days of volatility before the transfer is complete

>>9690303
That's the genius part of using xrapid YOU DO NOT NEED TO HOLD XRP

Yes you use it to make the transfers but the bank does not need to hold it. Meaning the banks are not exposed to any of the volatility

>>9685562
Fuck you, cuck. Go back to pleddit and then kys

>>9694282
Haha, are you crying mate? xx

>>9694096

then why the fuck do people think this is an investment??

>>9694143


in case u didnt notice, 95% of the money in every bank is loaned money from other banks, there is no bag holding cause they are lending money to you and everyone that has never or will never come into existence, its all debt and extended credit.

people need to understand how fractional reserve banks works before buying xrp.

>>9689457

>>9694476
Anon, fractional reserve banking has nothing to do with xrp, do you even know what xrp or fractional reserve banking is?

>>9686084
Remember when you guys couldn't shut up about golem? Or lisk? Or fucking bitbeans?

I'll bet you 100 namecoins that eos is just another shit coin of the month.

>>9694418
As XRP gets used, a fraction gets burnt. As there is a limited supply of XRP, the value per XRP increases as the supply decrease. Simple supply and demand, right?

In addition to this, when XRP users (such as banks, remittance companies) want to start moving large sums of XRP, the available liquidity decreases. This means that other users will be willing to pay more, to buy and use XRP. So, the price of XRP will go up gradually over time.

More transactions (due to demand) will be what drives up the price. That's why Ripple (the company) are using their products to onboard clients into using the XRP ledger, as more transactions will increase the price over time.

>>9685333
You do realise what you just >>9689415
Woah woah woah hold up. That question 17 verge will be worth $1000k each eoy

>>9694418
I mean same reason anyone thinks the dollar has value. Utility

Ripple is currently working on other uses for xrp as well such as a platform for dapps and as a major investment tool.

And because it does have a value compared to US dollar it can always be used as currency

You can already buy land in California with it too o.o

Really I belive in the team, what's been achieved already and the potential it has. With as ingrained as it is becoming in the financial sector I believe it won't be going anywhere and will only continue to expand

>>9694547


you saying that is like saying ripple isnt working with banks in general because ultimately fractional reserve banking is how many is transferred between banks.

it scares me how little people know.


if the banking system.collapses in which it will in due time.


what does that make xrp worth?

>>9694734


the dollar still has value? what are you smoking

things are not getting more expensive, the dollar is just becoming more worthless every year. i.e it take you more of it to be the exact same shit you did the year before.

people who never majored in economics or understand how central banks have been robbing people will never get it.

just like the same ones buying ripple.

>>9685322
the absolute state of this normie coping is hilarious

>>9695229
What the actual fuck are you even talking about???

No one here is discussing the dollars relative standing

We're talking about how xrp can have a value. If your sperg mind cant accept the dollar analogy go ahead feel free to substitute it out for anything else in the entire world that's considered currency.

>>9695175
>>9695229

Do you think that we are stupid and that we dont Know what fractional reserve banking and inflation are, you really think you are so bright for pointing out facts that we obviate because everyone already knows, you are the one that Just discovered it some days ago and now you want to talk about it over and over again

What you said in the previous posts is basically that nostro / vostro accounts and liquidity are a memes and you can take loans infinitely

>>9689380
intredasting

>>9696228

>>9696228
<liquidity are a memes and you can take loans infinitely>

for anyone who thinks this even possible on ANYTHING is deluded beyond comprehension.

if you know anything at all about fractional banking you'd be smart enough to not stick your money in a speculative asset especially of whic relies on the success of something that will certainly fail and collapse.

deutsche bank is probably gonna use ripple! yay!!

fucking idiots

>>9690509
>Implying the hover hand degraded the recipient.

Hello newfriend plz lurk a lot more...or, feel free to kill yourself.

Always bet on the jews.

>>9696417
Then liquidity is not a meme as you said therefore xrp is useful, therefore has value

>>9696599
I think cryptos will only be valuable once you can buy goods with them. So their prices will be linked to those goods.

The market is efficient.

>>9696417
>you'd be smart enough to not stick your money in a speculative asset especially of whic relies on the success of something that will certainly fail and collapse.

So your arguement is that banks are failing and therefore XRP will fail because its being marketed as a banking solution

You know that xRapid works independently from banks right? Any company that sends money overseas could use it and therefore could use XRP. Examples include Western Union, Moneygram, Amazon, Uber etc.

A complete failure of traditional banks would be good for Ripple/XRP. Their competition for facilitating international transfers would disappear.

>>9696417
So you work for a bank but believe the banking system will collapse?

>inb4 you’re a part time teller at BOA.

Literally same pay scale and respectability as McDonald’s wagie

>>9696652
Its a poor quality LARP. This anon comes to every XRP thread and just repeats the phrase 'fractional reserve banking' over and over again.

>>9685416
Nothing wrong with that, it's a helpful guide

>>9696652

im a financial advisor at a bank, and yes the system will implode sooner or later...we already have plans to exit and go independent.

if you have your life savings in fiat, government bonds, and not in real estate, gold, or crypto (not ripple) you are gonna get fucked so hard.

i like your sense of humor tho

>>9696651


and what is ripple's purpose? to move fiat issued by the banks. the delusion is on some other level with you soon to be bag holders

>>9696907
You are ignoring all the other use cases for xrp
So you think Fiat would cease to exist

>>9696907
Oh I get it. In your armageddon fantasy where fiat has been replaced by bottle caps and banks and governments no longer exist. Yep I can see that xRapid will have little use.

You could still send XRP directly to the guy in the cave next door if the internet is still running.

>>9696956

yes 100%. government sanctioned currencies within the next decade will be obsolete and replaced by transparent and open source protocol currencies that hold valuable encrypted data.


there will be state issued crypto currencies too, whether or not people value them is another question

>>9697170
So? why would that mean doom for xrp? Thats bullish If anything, thats the wet dream of every crypto investor

>>9696634

the market is NOT efficient. look at what happened to the price of bitcoin YTD


the markets are not efficient because 99% of you people in crypto dont read or write code, and people in capital markets rarely look at or interpret financial statements.

they see the price go up and fucking fomo like a bunch of lemmings.

the markets are emotional, overly exuberant and delusional. even more so in crypto. especially XRP bag holders

this is why there is huge disparities in price discovery

>>9697205

because XRP, all it is just a settlement layer for traditional financial institutions that are obviously failing.

the day i see individuals using XRP as a direct unit of exchange for actual goods and services ill change my mind. but if u think this is the case now or their purpose u obviously didnt read their white paper.

this is a data arms race and ripple aint a apart of cause their too busy focusing their attention and philosophy and success relying on a failing system

>>9685562
>>
The mainstream adoption of anything to do with digital assets is good for all digital assets.

Because the mainstream adoption and regulations does wonders to the internet, right?
The censorship, thought crime hunting etc. we're the thoughts behind the internet?
And we don't want to change it, we just want to establish one true search engine and one true browser, owned by one corp/gov conglomerate and everyone will be even happier than they are now?
Anon, think before spewing your propaganda.
The regulators, banks, big money in crypto go directly against the idea of crypto.
I don't want Ripple and other centralized shit in here. We have to suffer them for now, but hopefully they will burn and die soon.
I don't want futures trading, leverage and margin. This shot is cancer too.

>>9697343
They are betting that this "failing business" is an opportunity. Even in the decade timeline you give thats plently of time to establish XRP as liquid asset for settlement of fiat.

This will allow other uses to be built on top of XRP see Coil, Codius, xSpring etc.

And if you are wrong and banking continues as it has been XRP/Ripple are there with them.

>>9697343
Xrp is already being used to purchase land so it's time to change your mind

>>9697170
You're literally just postong imaginary conspiracy theories that have nothing to do with the topic at this point

Xrp and ripple are really solid technological and economic advancements

You're over here screaming about how money is going to cease to exist

>>9697379
>centralized shit in here.
thick skull
>mainstream adoption is bad
kys
>>9697343
>20 posts by this ID
i cant believe people are still discussing with this retard
>because XRP, all it is just a settlement layer for traditional financial institutions that are obviously failing.
that is the use case its being given now, but it can serve a lot of other purposes. Coil, Codius, xpring and also you can use xrp to transfer value like any other crypto.

>>9697379
No one gives a shit about your wants

And they certainly don't have an effect on xrp being a widely adopted coin that is going to make you money

>>9697502

https://www.youtube.com/watch?v=iFDe5kUUyT0

this is not a conspiracy theorey. this is coming from someone who's working in the banking industry for a long time and gives investment advice to clients for a living.

my partner and I manage over half a billion in client assets. but if you think i'm just larping then do you man.

it behooves me to point people in the right direction. i'm not trying to troll.

watch. and educate yourself.