Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
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So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
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