Does this Ripple tweet give us more faith in them?
I've written about Ripple stating that the company and their tech has incredible potential but basically no one can make any sense out of their XRP.
Read up on it here: https://steemit.com/cryptocurrency/@valderrama/the-love-hate-relationship-with-ripple-xrp
Today they placed this tweet:
They do have a point. They do have proper real life use cases and they were one of the most slowly declining cryptos on the market, 'only' declining 8%...
But they still declined. We still don't really get XRP. We still don't really know if they are going to become the largest player in the banking industry... does this tweet give us more faith in Ripple?
Well... for me it doesn't. Still hoping they'll go to the moon though!
It has stagnated for a bit which is a negative thing, however that tweet really does not help in restoring faith into the platform. Leaves me a bit puzzled as to why they would say something like that.
I dont understand why anyone buys XRP, what can you use it for? I am into some smaller cryptos quite heavily, and it takes time to build an economy around a new currency, I get that.
But unless Im mistaken, there is no intention you will ever be able to spend XRP, its just a token for banks to use.
This is exactly what I was highlighting in the post I referred to that I've written a few days ago.
I don't even think Ripple wants XRP to get real expensive?
Yeah sorry I didnt read you other post before I commented, I will in a bit. Some people call Ripple a scam and I dont think thats true at all, but if people insist on buying something that has no value for them then thats not really Ripple Labs fault.
Ripple is not a scam, it's a legit company doing great things. But I do think we just interpreted their XRP wrong. I don't really see why they have it on the market at this point...
I assume its so banks can freely buy it to use in the transfer process, for anyone else it seems redundant
What I read in Ripple documentation is that when banks decide to work wit them, Ripple sells XRP to banks at the lowest possible price. Banks will never buy on the market. So yes, you are right. And yes again... for us folks it indeed seems redundant :(
Ive been bullish on ripple since day ONE, I made sure to do research on their project, to see who was on their team, and what they ultimately planned to accomplish.
I stated in a video that the ripple team has their eyes on the prize, and I dont see them slowing down anytime soon.
I would be SHOCKED if the price didnt reach $1 per ripple by the end of the year, especially with the escrow happening as well
Well let's hope so! But his tweet felt a little petty though... I don't know... why would you name and shame another company like that...
You're right, it strikes as slightly unprofessional, which isn't at all great.
It'll ultimately help the banks. Dont be fooled by ripple if you believe in giving the power back to the people.