Ripple update: Is all we need right now to build up liqudity?
Hello,
So essensially the only reason I can think of that currently stops FI’s going into production with xRapid now is the lack of liqudity. I am sure there are plenty of FI’s willing to go live right now, but the liqudity just isn’t there yet. Once SBI VC launches, hopefully that’ll spark a tremendous and fast growth in terms of volume and fiat to xrp liquidity. Once there’s enough for FI’s to go live, the institutions will also contribute towards making xrp more liquid and this will hopefully create a domino effect. We just need to get it going first and once that happens there’s no stopping the adoption.
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: Krypticmaniac
Score: 13
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