Ripple update: Ripple vs XRP
I am fairly new to the fact that Ripple, the company, is separate from XRP, the digital asset. I bought XRP thinking it was one in the same on the idea that Ripple the company is increasing their bank partnerships with their xRapid technology, and in doing so, making lots of headway for future profit (of which I could capitalize on). However, knowing what I know now, what is the logic in investing in XRP if it is a digital asset that’s value/“price” has no bearing on Ripple’s benefit. For further explanation, Ripple does not necessarily care about XRP’s value because it uses it as an intermediary when exchanging currency, correct? So regardless if XRP is $0.50 or $50, they don’t care as long as they’re partnering with banks and cashing in on cross-border payments with their technology.
So I guess my inquiry is: If you believe in Ripple, should you really believe in XRP? And why? Aside from the fact that people will just inflate the price because of the Ripple technology… or is that the hope?
Thanks for any clarification! I love Ripple and what it can do for the future, and look forward to learning more from those of you who have been along for the ride for a while.
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.
Don’t forget to share the post if you love it !