Ripple update: Why Ripple will be the catalyst of the next liquidity crisis.
-> rising interest rates
-> money flows out of the emerging markets
-> credit defaults
-> liquidity shortages
-> XRP + Xrapid
-> some nostro accounts get closed
-> some money of some nostro accounts get free
-> other banks also want more liquidity and close nostro accounts
-> more liquidity = Xrapid = XRP
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The next hike in interest rates could be in 2 weeks.
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: EroticCryptoDancer
Score: 2
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