XRP is a coin owned by banks and one of the main benefits of crypto is to rise above the banks and redistribute the wealth.
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XRP is a coin owned by banks and one of the main benefits of crypto is to rise above the banks and redistribute the wealth.
That is complete BS. Ripple is a token that can be used to transport values, it isn't centralized either, and I doubt the banks are really going to adopt it in the long run.
None own any of the tokens any more than buyers at the exchanges do.
This doesn't mean I have a lot of sympathy for Ripple, I would rather go for Stellar Lumens which are a perfect exchange token for individuals and merchants especially in the third world - very easy going and certainly without bankers influence.
While Ripple is marketed to the banks by its makers, Stellar is not - it might turn into a sort of Western Union replacement soon, and everyone can run their own "agency."
It is not, Ripple, the company pre-mined all the supply (100 billion) and holds about 70% of it. They plan to get rid of it slowly and plans to still keeping 50% (50 billion) of it by 2021.
Even when the HAVE a use case, there is to much supply around and they can manipulate at any time...
Not saying that it won't go up, but you will be in the hands of Ripple
XRP isnt even owned by banks. the banks are using ripple labs technology...XRP is a speculative token no one really wants thats making the founders rich as fuck
no sorry pal xrp is not a token that no one really wants, thats almost ridiculous to say. It saves banks and payment processors 60% using XRP instead of JUST ripplenet which can save up to 30% or so.
Considering banks are in business to make money, saving is another form of making. Try reading a little more before you make statements that clearly define you've not read enough
https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/
youre heavily misinformed...banks will not be trading XRP between each other regardless of what youre reading .... just because something is written on the internet doesnt make it true.... they are licensing their technology, not selling xrp...
You need to read up on Nostro/Vostro accounts to understand why the banks are salivating over the use of XRP over Ripplenet with XRAPID
Did you just say XRP isn't wanted? LOL, go do research before posting nonsense.
I think you'll find more people invest in cryptos with aim of earning money than for idealogical reasons even if they claim to the contrary and ripple has a sound business model with good ties to clients they will do well.