@zexheell, Well once onboard it will only take some time to use XRP for payments too
zexheell
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@sourcex, why do you think so? I think they are just using only their blockchain technology, they dont need to use xrp, for xrp holders these infos are not relative, it will not add any value to xrp, they just show you how great technology it is
i cant believe that any bank will use any crypto as payment for near future, they will only implent these technology for themselfs
sourcex
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@zexheell, You are right, but the point is Banks would fomo into using xrp when it can save them money. Typically 10-15%. Also, to develop their own token, you need an infrastructure for liquidity and ripple has spent 5 years to built that only. So imo, it will be difficult to just built it like that
zexheell
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@sourcex, ok, what if bank decide to buy that all? We are talking about banks not about small group of people they are doing their business.
Worst thing on ripple is coin ciculating supply, if i get it right, every month they produce new one million of coins to circulating supply, they just holding the price down, so people are investing into it, but it need some banks to start investing and i am not really believed it will happen
sourcex
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@zexheell, Australian banks FlashFX already use XRP as payments. You will see more banks use it in 2018. Also, Ripple releases 1 Bn coins per month. The global cross-border payments is 600bn-1 trillion. Even if there can convince 10% banks to use, their ideal value should be around $1-$5 based totally on their utility. Add to the speculation and its easy to see them go to even $10 by next year. My 2 xrp