My Thoughts on XRP
It is the “crypto” that is the dark horse in a way. Reason being it has caused a lot of engaging debate whether or not it is even a crypto. I personally wont put my viewpoint here I will let you decide for yourself.
Xrp solves a huge “problem” for banks, thats a fact. If you watch Brads chat during the Yahoo Summit, you will see he mentions dormant capital a bunch of times. Trillions of dollars sitting around the world as dormant capital in banks. Xrp (if used would allow for this dormant capital to be decreased if not eliminated)
Secondly for banks to even get a business partnership with other banks people need to understand that does not happen over night. In general it takes 6-9 months for a bank to bank relationship to begin. (Xcurrent would aid in this)
Xcurrent solves the issue of moving money from one place to another, but you are still left with the exchange of currence problem once your money does arrive. Here you incur another cost to you transaction. XRP (Xrapid) can aid in this problem by direct conversion within 3-5 seconds there volatility is decreased. (If bitcoin were to be used this could take 30min-hours. Where you could be left with 10% less $$ or more if you are lucky.
All that being taken into consideration, things I take away are; 1. There is a use case in direct correlation with XRP. 2. The past with promises being kept Escrow being honoured and constant contact with the community another + 3. Some people see this as bad yes RIpple owns 60% of XRP so it is in there best interest in the long run to ensure the value of XRP increases. The fact they want organic growth is a positive to me. I dont know exactly where but I see XRP (RIPPLE) being in the top 5 of “crpyto”
I love the math and it is correct. But I think people need to stop look at MarketCap to understand the price. I can give bitcoin Market cap at certain levels was higher and price was lower vs other times when market cap was lower and prices were higher. Although it is a tool to use there are many other factors, that contribute to price than just market cap. Good place to start I just think there are many other indicators to look at aswell.