hi everyone. I heard Ripple wont need XRP for all these new banks and transactions and that XRP can only go down - if in case this is true, sounds reasonable. Where can I catch up with what really is going on with XRP? ty
Of course it would not use XRP, it has too much volatility like any altcoin! Ripple will probably develop a new stable token for banks use and it will not be an altcoin. My opinion only!
so what is xrp for then? what are the usecases? why should there be any value in xrp other than pure speculation? ty
XRP is needed to use Ripple. Everytime a non XRP transaction takes place on Ripple, XRP coins are burned. So in every Ripple transaction, whether XRP is used or not, XRP is being either burned or traded.
But don't be confused like some of the posters above, XRP IS ALWAYS USED ON RIPPLE YOU CAN'T USE RIPPLE WITHOUT XRP