Ripple update: Will low prices & reduced liquidity hurt xRapid implementation?
Time to smell the coffee … this is painful and I am not one of those ignoring reality out there.
My worry is that xRapid requires high liquidity. So now Ripple has worked hard on getting XRP on many new exchanges (great!), and FIs to pilot xRapid (even better!) – however with these prices I assume less and less people are holding XRP… hurting xRapid implementation plans. Because how can you utilize xRapid in a low-volume corridor without enough people willing to buy & sell XRP against that currency?
Is this a legitimate side-effect of the bear-market? Or has Ripple prepared for this possibility? Thanks!
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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