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RE: Get out of Ripple XRP, as Ripple cannot take XRP to China banks now, given China's new anti-crypto policy and closing exchanges news.
Until recently, China made up 70% of all volume in Bitcoin and cryptos. Remember, Ripple insiders sell 300 million to 1 billion of their XRP's every month, always putting downward pressure on the price of XRP every month; they are taking their XRP profits every month, and you compete with them if you want to sell and take your XRP profits. These are XRP's above and beyond their lockup XRP's. You can google to verify this news. Good luck!
That is all swell but I was talking about Ripple. Ripple and their XRP are actually two different things.
They can sell their system to banks for example with or without the use of XRP. Banks do not even have to buy XRP from the market as we can do.
Having said that I think my point still stands and this where Ripple can still thrive. They are the ones to work and collaborate with governments and banks. It doesn't matter if China was in for 70%, the cryptogame is still extremely immature and ther is more than China.
Ripple can make a real difference in a lot of other countries.
True, but if you gamble in XRP, the reason XRP has not taken off and forming a base like Litecoin, Ethereum, Bitcoin, etc. is the constant selling of Ripple insiders every month dumping their 300 million to 1 billion on the market. Also, 100 billion circulation doesn't help. Yes, after the lock-up, Ripple still sells XRP's every month.
Xrp is an project from ripple company. If ripple gets up XRP can make other things. Its only an Testplatform for develop there system for implement in bank systems