And again someone who doesn't know ANYTHING (!!!!) about ripple and xrp and starts to talk shit *facepalm*.
Banks use XRP 'cause without using XRP banks are saving 33% on international payments, with XRP they save 42% (and thats a lot !) a Bank always wants to save as much money as it is possible !
Why is Ripple not creating proprietary coins for banks and instead encouraging them to use XRP?
It’s simple, actually. “Every bank wants their name on it, but no bank wants any other bank’s name on it,” explains Thomas. “So it presents this stalemate where they all create their own coin but then maybe can’t get anyone else but their own daughter banks and their own club to use it, at which point the value isn’t there. Settlement assets are valuable if they’re widely accepted across all organizations.”
Which is why Ripple has been able to get so much traction already, as they’re a neutral party to work with, as opposed to another big bank—and why XRP, not a bunch of other proprietary coins, is the solution that Ripple is exclusively selling to banks.
http://www.huffingtonpost.com/entry/591cb3bee4b0b28a33f62915
Dont talk if u don't know anything about Ripple !
Banks use XRP 'cause without using XRP banks are saving 33% on international payments, with XRP they save 42% (and thats a lot !) a Bank always wants to save as much money as it is possible !
Why is Ripple not creating proprietary coins for banks and instead encouraging them to use XRP?
It’s simple, actually. “Every bank wants their name on it, but no bank wants any other bank’s name on it,” explains Thomas. “So it presents this stalemate where they all create their own coin but then maybe can’t get anyone else but their own daughter banks and their own club to use it, at which point the value isn’t there. Settlement assets are valuable if they’re widely accepted across all organizations.”
Which is why Ripple has been able to get so much traction already, as they’re a neutral party to work with, as opposed to another big bank—and why XRP, not a bunch of other proprietary coins, is the solution that Ripple is exclusively selling to banks.
http://www.huffingtonpost.com/entry/591cb3bee4b0b28a33f62915
Dont talk if u don't know anything about Ripple !
Careful guys, the ripplers are getting a bit touchy that their coin is doing nothing but going down. People were meant to dive off BTC, ETH and infact I heard mentioned all other alts will get dumped for XRP lol.
Don't sit there and attack people for not knowing anything about Ripple just because you believe it and took what you want from an article written by someone that has invested in ripple lol. Mr Profitoffothersitis even said that no bank has come out saying they are using XRP, even turned it into a positive that none have said they aren't. Quite simply they keep announcing banks on board for years but nothing about them using XRP. Even heard an excuse that they would keep it secret if they were LOLOLOL.
So the benefit is lower fee's? have a little think about that, even the higher fee would be less than what is paid now and guess what the bank never pays that fee, you do. So tell me again why that is so enticing for the banks?
Also one of the main points about the article is the reluctance of banks to use XRP due to its volatility. It then tried to spin that by saying a 'they will look to third-party liquidity providers to take on that risk'. Hate to say it but no one is silly enough to take that on with the current volatility either. And they only focus on the volatility during a transaction, what about the banks overall storage of XRP? They bought 1Bill worth of XRP, The next day its worth 700,000,000. The bank will be real impressed. Fiat doesn't fluctuate like that, its safe for them so at this stage they will only use XRP for transaction fees. If it becomes stable then who knows...
Maybe think of others views instead of wearing nothing but glasses with a picture of the moon on them.
Oh good Gloaty McGloatface is back!
why do you care, you're not a bank after all. let the banks handle their loss. they wouldn't waste their time on ripple if they won't be making profit. same thing with what you are doing, you won't be sticking around if you won't profit from buying cheap xrp.
they can't just find holders who would just dump just because btc is rising.
