Ripple update: ELI5: how will xRapid drive up cost if banks will purchase XRP directly from Ripple and not exchanges?
Exactly as the title states — what is the connection and will additional utility be necessary. not sure im understanding how banks and remittance groups on xRapid alone will drive that cost if the price is not changing on exchanges.
having said all this i fully support XRP and the company Ripple. I think they will succeed just looking to further understand the thinking behind this one part
thank you!
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: tothjm
Score: 10
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