Ripple update: XRP Burn Rate
So I was wondering how the price of XRP will be influenced by the burn rate in the future. At the moment (17th Aug) the burn rate was at 1420xrp/day. Can anyone explain me how high this burn rate can potentially get IF xRapid will be implemented by most of the banks and how this affects the overall price of XRP (how much it could rise due to the burn)? Are there any hypothetical numbers that already have been released?
Thanks in advance 🙂
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: Multielladan
Score: 7
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