Ripple is not a scam, it's a legit company doing great things. But I do think we just interpreted their XRP wrong. I don't really see why they have it on the market at this point...
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Ripple is not a scam, it's a legit company doing great things. But I do think we just interpreted their XRP wrong. I don't really see why they have it on the market at this point...
I assume its so banks can freely buy it to use in the transfer process, for anyone else it seems redundant
What I read in Ripple documentation is that when banks decide to work wit them, Ripple sells XRP to banks at the lowest possible price. Banks will never buy on the market. So yes, you are right. And yes again... for us folks it indeed seems redundant :(