Ripple update: Serious Question: What happens to XRP if there is an economic collapse and banks start going belly up?
Because it seems to me, the reason why people are investing into Xrp is because they see banks are going to use it to settle transactions, but what if these banks go away?
Does XRP have enough clout to stay and be used as a currency?
Also, doesn’t Ripple the company control the servers that XRP is transacted on? Hence why its so fast. Is anyone concerned about Ripple maybe not being around in the future?
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.
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