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RE: EOS testing 7 bucks, Ripple roaring and SBD can stay irrational longer than I can stay sober
@bulleth, I've always believed in Ripple but not XRP - Ripple has a reason for keeping XRP value low because if they ever wanted peopel to use XRP for bank transactions, they need to keep XRP costs down - else why would anybody want to switch at high rates (despite the benefit of speed). A low valued XRP token is actually a need for Ripple if they want it ot be mass adopted for use on the blockchain
Hey Roji - do you have any more info on this you can link me? I really don't know that much about the coin - previously it was my understanding that banks didn't actually need to buy XRP to use the network - is that not the case?
Lot of articles on web : read this recently about bank not deciding between XRP and iOUs
https://medium.com/@AlexCarrithers/xrp-vs-ious-on-ripple-what-are-they-and-which-are-banks-using-257023fc578e
https://www.finextra.com/newsarticle/31197/ripple-looks-to-drive-bank-adoption-with-300m-xrp-rebate-programme
This was Ripple again trying to entice banks ot use XRP - obviously if tomrrow banks start using XRP, Ripple cannot afford it to be highly volatile or at premium prices.
Thanks buddy - much appreciated!
Glad to help :)