Hello,
ripple is promoted as a low cost exchange currency among bank systems.
their marketing is that it will cost less than 3 timess less than sending money across banks.
those is the basis of their marketing.
but what if ripple price goes higher than sending money with other traditional systems?
then all ripple marketing goes down.
then RIPPLE looses its purpose and its use.
so, ripple only wortKs when its usage price is lower than sending fiat currencies across tratitional systems.
and to keep that lower ripple price against traditional systems, you have to manipulate its price.
(extreme case: let us supose, traditional case sets a flat price for transfer money, then all remittances with ripple becomes more expensive, and useless, ripple can be broken).
thats why it is in the core business model of ripple.
what do you think?
Topic: ripple manipulated for low prices by design? (Read 120 times)
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