This video explains why us investors of the XRP token are effectively having our funds effectively funnelled to support the XRP token for the big companies that adopts it >> https://www.youtube.com/watch?v=OF7PIh3di8E
The inflationary nature of XRP being released (given to adopting companies; and with the specific aim to STABILIZE the price to enable actual use) cannot be countered by the negligible burn rate of 3 XRP/min.
Basically, it explains why us normal investors will effectively be ripp(l)ed-off by the Ripple company and the adopting companies/banks due to the above.
But still, it certainly isn't a scam nor a pyramid scheme (even though it has a characteristic of it as illustrated in the video); but IMO definitely not a good long-term investment that is for sure.
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I've just gotten out of XRP completely, and reinvested all into VeChain (VEN), which price have dipped significant now + expectation to see massive %gain soon (like with NEO and OMG) due to a series of big news:
VechainThor Confirms Partnership: DApps, BMW, Oxford University
http://www.4-traders.com/BAYERISCHE-MOTOREN-WERKE-435724/news/VechainThor-Confirms-Partnership-DApps-BMW-Oxford-University-26070445/
Were each VeChain coin I hold would gradually generate Thor tokens!!!
The common trend with successful re-brandings is that the price normally dips first, before it starts shooting up significantly after, I had noticed.
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I also hold a lot of Stellar Lumens (XML), which is doing a lot more than what Ripple does now (including functioning as an exchange (DEX), an internationally decentralized bank for third-world countries, and actually being adopted by small companies and foreign workers from developing countries, such as in SE-Asia).
Topic: RIPPLE: COIN OF BANKING! (Read 123 times)
only one system can long term survive, peer to peer crypto or existing central company system aka banks ripple and the likes
both will not go the distance its only a matter of time before one or the other is gone
remember you can not destroy a blockchain like bitcoin
both will not go the distance its only a matter of time before one or the other is gone
remember you can not destroy a blockchain like bitcoin
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Ripple was created for corporations and banks,so they don't create and adapt their product for ordinary people. Therefore Stellar is more appropriate for me,as it decentralised
Isn't that the whole point of ripple? It's just for banks but I think it's still a step to us adapting to crypto currency in our lives.
Ripple was created for corporations and banks,so they don't create and adapt their product for ordinary people. Therefore Stellar is more appropriate for me,as it decentralised
I think even if it's a corporate coin, as long as banks start using it - they might see the value of crypto and then adapt other better coins in the future.
So what? XRP shouldnt be called as a cryptocurrency,cryptocurrencise should be decentralized these cryptocurrencies are created to oust the banking system and the centralized fiat system.We shouldnt be supporting this type of currency in our community because most of the people are here dont want the corrupted banking system.
RIPPLE: COIN OF BANKING!
Startup Technology today announced a new partnership with five banks and money transfer organizations across four different countries. In the near future, two banks - Itaú Unibanco from Brazil and IndusInd from India - together with InstaReM money transfer companies from Singapore, Beetech from Brazil and Zip Remit from Canada will apply different ripple platforms to facilitate the bar. International maths, according to a press release. The rapid rise of electronic money ripple brought its father, Chris Larsen, to become the richest man on the market. As of Jan. 19, Larsen's net e-money assets fell between $ 7.5 billion and $ 8 billion.
banks dont create values, so its useless,
ripple stands for nothing but scam
Banks don't create value? What do you mean? How do you define value?
RIPPLE: COIN OF BANKING!
Startup Technology today announced a new partnership with five banks and money transfer organizations across four different countries. In the near future, two banks - Itaú Unibanco from Brazil and IndusInd from India - together with InstaReM money transfer companies from Singapore, Beetech from Brazil and Zip Remit from Canada will apply different ripple platforms to facilitate the bar. International maths, according to a press release. The rapid rise of electronic money ripple brought its father, Chris Larsen, to become the richest man on the market. As of Jan. 19, Larsen's net e-money assets fell between $ 7.5 billion and $ 8 billion.
banks dont create values, so its useless,
ripple stands for nothing but scam
RIPPLE: COIN OF BANKING!
Startup Technology today announced a new partnership with five banks and money transfer organizations across four different countries. In the near future, two banks - Itaú Unibanco from Brazil and IndusInd from India - together with InstaReM money transfer companies from Singapore, Beetech from Brazil and Zip Remit from Canada will apply different ripple platforms to facilitate the bar. International maths, according to a press release. The rapid rise of electronic money ripple brought its father, Chris Larsen, to become the richest man on the market. As of Jan. 19, Larsen's net e-money assets fell between $ 7.5 billion and $ 8 billion.
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