Take the time and read this.
You will understand why Ripple is the best!
For years now the Bank for International Settlements (BIS), International Monetary Fund (IMF), G20, BRICS, and the Financial Stability Board (FSB) have all been working together on developing the best alternative to the role of the USD as the primary reserve asset used in the global monetary system. The challenge has been to find a supra-sovereign asset, which is an asset not owned or anchored to the domestic economy of any one nation, with enough global liquidity to function as the base, or bridge asset, for the full global framework.
The USD, and the British pound before, has been a drag on the international system almost since its rise to full prominence in 1944. The use of a domestic currency as the bridge asset in a global system ensures that the demand placed on that currency will expand the money supply far beyond what the domestic economy can sustain. This is what happened with the USD and the symptoms are around us everywhere.
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Blah blah blah, an alternative to the dollar, blah blah blah. If it really is, then the ripple will be hanging around $ 1. Nothing good will come of it. But hamsters will be able to brother when it will rise> $ 1 and sell when it goes <))) this is their fate))))
Maybe this part is more tailored to you. If u dont want to take the time to read it
This is where the crypto asset XRP by Ripple comes into play. XRP will be capable of providing cross-border payment services measured in seconds at only fractions of a cent. What reserve currencies have been doing for centuries, XRP will do at thousands of times the efficiency.
Considering that ledgers are the new banks, the interledger protocol of Ripple should create a lot of excitement as the one bridge function which connects all other ledgers and allows for value to move around the world. As such, the interledger is the new version of the reserve currency in the same manner that ledgers are the new banks.
The new global crypto monetary framework, or the castle, so to speak, and the wealth within it, will be managed and protected by the interledger system, with XRP serving as the bridge asset in a new exchange arrangement which will eliminate the imbalances and inefficiencies associated with past fiat reserve currencies.
Those business, banking, and academic interests which have moved from empire to empire will no longer have control as the fully decentralized XRP interledger expands. Not even Ripple will have influence or control over the interledger once more non-Ripple validators are added. Each ledger which joins the interledger can have its own validator. This would be the distribution of fairness within the architecture.
Consider, if decentralized ledgers are the new banks, then by default of definition, the interledger would be the decentralized World Bank which makes it all possible. Except in this case, no one nation with a dominant reserve currency can control it through hegemonic business and banking practices.
While a decentralized XRP guards the castle gate, the new crypto USD and Bitcoin, and those who attempt to control and manipulate both, will not be allowed to corrupt the new global crypto monetary system and cause an unfair, undeserved, and imbalanced movement of wealth and value to the places which convenience them the most. The full system will be protected by the XRP interledger through blockchain sword and spear.
It is inevitable that each nation’s central bank will develop their own ledgers and hold other cryptos in what are now called the foreign exchange reserve accounts. China wants to exchange crypto RMB for crypto USD? It will do so through using XRP as the exchange asset. The Federal Reserve wants to hold Bitcoin in its own foreign exchange reserve account? It will have to exchange crypto USD for Bitcoin first by using XRP as the exchange asset.
XRP will be the bridge asset which serves to connect all assets and ledgers through the interledger protocol.
The unpopular truth which most do not see during this early time of adoption is the total dominance which XRP will attain in the future. With payment apps and a whole new micropayment industry emerging, there will come a time when needing anything other than XRP will be forgotten. Shush, don’t tell the Crown Beast!
so many fools in this thread are blinded by much ignorance... but im not surprised as i experienced it a lot in the early days of mining bitcoin. Narrow minded, closed minded fools who cant step back and try to understand the big picture. "banks ahh... tokens ahhh...pre-mine blah blah blah...",
, good on you for trying to educate people with your great posts, (merit deserved), I feel your frustration..... personally i have a long history dealing with these blind fools IRL and have ceased to bother. Good luck mate.
