xRapid [1]. It offers fast cross-border payment for banks and financial institutions by using the token XRP which will be sourced from exchanges around the world. If they adopt this new technology and start making transactions with it, there will be demand for XRP, and as long as there's demand and usage in the market, the token will still have value and people will keep trading XRP like always.
1. https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/
Topic: What is Ripple's plans for XRP if the banks have do not use for XRP? - page 2. (Read 268 times)
October 06, 2018, 07:46:26 AM
October 06, 2018, 05:14:38 AM
Anyone who does not know how to trade, I do not advise contacting XRP. This asset has strong manipulators, and behind it are even secret agencies. So trade with extreme caution. This asset has no value whatsoever.
October 06, 2018, 04:41:20 AM
Research? I thought this was a well known fact, that Ripple the company and Ripple the token are only a link but we have known since last year that all their partnerships with banks was only using their technology, not their tokens. So they are earning well in fiat, they probably use it to buy up their cheap tokens and keep even more of it (they already own so much and just dump on users when price is high). XRP is for speculating,,, not for proper use.
October 06, 2018, 04:33:54 AM
i think this is partly because of the difference between Ripple and XRP. if banks ever use anything they will use Ripple not XRP. in a way it is like the difference between bitcoin and blockchain.
XRP is the centralized token that Ripple foundation has created and fully controls but Ripple is the protocol that has been around long before XRP and i think it was around by the time of bitcoin too. it is that protocol that banks are interested in the most.
XRP is the centralized token that Ripple foundation has created and fully controls but Ripple is the protocol that has been around long before XRP and i think it was around by the time of bitcoin too. it is that protocol that banks are interested in the most.
October 06, 2018, 03:30:52 AM
This is one of the shaddy business model in the space, why in the world do they great a token with no real usecase and it is sitting on number 3 on CMC, I know some people won't yield to warning like this and surely will continue to gamble with their money and eventually turn to bagholders. This is one of the reasons why we need a clear regulation in this space and to answer this question what actually is a utility token
October 06, 2018, 02:09:18 AM
No one exactly knows what they'd do if after all the announcement that XRP being used by banks but holders will surely dump what they have for a long time. Ripplenet though is becoming very huge over time for which they can buy all the xrp being dumped and soon find a way to make XRP useful. But if you are like the rest who are tired of the bullshit they announce, don't bother holding.
October 06, 2018, 02:01:10 AM
I have guessed that finally it will be like that and some old users here are right that everything that is done by the ripple is solely to create a pump.
What expression will happen if lovers of ripples know about this, will it keep him defending ripples with millions of reasons?
What expression will happen if lovers of ripples know about this, will it keep him defending ripples with millions of reasons?
October 05, 2018, 11:14:12 PM
I keep seeing the hype that banks are beginning to use Ripple based payment applications built on xCurrent and Ripplenet. But upon doing my research, no bank was using XRP and they might also have no interest to hold it because it might be illegal for them to.
What will happen to XRP?
The launch of the Ripple-powered app MoneyTap was announced on Twitter on Wednesday. It uses the Ripple’s product xCurrent to allow three major banks in Japan to conduct money transfers in real-time mode. SNB Sumishin Net Bank is among them along with two others.
Money can be transferred through the aforementioned mobile app, available both on iOS and Android.
To perform a transfer of their funds, customers will just need a smartphone and a QR-code. Money can be transferred either in the local or foreign fiat currencies. No commission is charged. The system is secured with a special system of biometric authentication by scanning fingerprints. Earlier, U.Today reported that a similar system is used on the Opera crypto wallet.
Unfortunately for crypto enthusiasts, XRP tokens are not engaged in this app. It is solely for fiat transactions.
Read in full https://u.today/ripple-japanese-financial-monster-sbi-fire-away-payment-app-xrp-not-utilized
What will happen to XRP?
The launch of the Ripple-powered app MoneyTap was announced on Twitter on Wednesday. It uses the Ripple’s product xCurrent to allow three major banks in Japan to conduct money transfers in real-time mode. SNB Sumishin Net Bank is among them along with two others.
Money can be transferred through the aforementioned mobile app, available both on iOS and Android.
To perform a transfer of their funds, customers will just need a smartphone and a QR-code. Money can be transferred either in the local or foreign fiat currencies. No commission is charged. The system is secured with a special system of biometric authentication by scanning fingerprints. Earlier, U.Today reported that a similar system is used on the Opera crypto wallet.
Unfortunately for crypto enthusiasts, XRP tokens are not engaged in this app. It is solely for fiat transactions.
Read in full https://u.today/ripple-japanese-financial-monster-sbi-fire-away-payment-app-xrp-not-utilized
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