There is a lot of correcting to do. Banks (R3) for the next years still pays $0.0085 per coin before dumping it on exchanges.
- buttshit-
XRP is not needed, not wanted and serves no purpose.
Wait a second brooo..... xrp is not needed, why does r3 want XRP if its not "needed" ?
Lol, in case you have forgotten R3 and Ripple sue each other over the sale of xrp $0.0085 a piece.
Banks have no use for the pump and dumps like xrp they need stable price.
More than 200 banks now on board
Corda Blockchain from R3 another 2 big banks (HSBC, ING) just joined.
https://hacked.com/r3s-blockchain-corda-used-by-hsbc-and-ing-for-the-first-time/and another one (Commerzbank):
https://ibsintelligence.com/ibs-journal/major-german-bank-completes-blockchain-pilot-with-sap-and-r3/and National Bank of Egypt:
https://btcmanager.com/national-bank-of-egypt-joins-200-financial-institutions-in-the-r3-blockchain-alliance/Already on board the likes of:
Bank of America, (used to be on ripple now changed side) Merrill Lynch, CITI, Credit Suisse, DBS, HSBC, J,P,Morgan, MUFG, OCBC, Standard Chartered, UOB, SGX, Monetary Authority of Singapore (MAS)
Oh, so they lost the first round and now have to be heard in New York of which ripple had this to say:
As the San Francisco-based Ripple claimed, having to bring the case before a New York court would cause the company "irreparable injury."
Yet, R3 will go bankrupt very soon if they don't get that "worthless" XRP in court. Ironic, isn't it?
http://fortune.com/2018/06/07/blockchain-firm-r3-is-running-out-of-money-sources-say/"Those familiar with R3’s culture and operations repeated a common refrain: The company styled itself as a technology startup but acted like a bank. This dynamic meant that R3 acted more like a member of Wall Street or a plush consulting company rather than a hungry upstart. In retrospect, its early success may represent a decision by banks to get a taste of a new trend—blockchain—rather than any real bet on R3’s business or technology.
“Instead of hiring tech people, they started hiring bankers and guys in suits who don’t know much about technology,” said a former employee.
The challenge for R3 now will be to prove its skeptics wrong and create a revenue stream to keep it afloat in coming years. The two former employees—one citing familiarity with financial figures shared with investors during the recent fund-raising round—said this was a long shot, and predicted the company would run out of capital by the first quarter of 2019."