Okay let me explain it to you guys so it's 100% clear to everyone this is a scam coin.
American Bank A buys XRP from exchange then sends to Indian Bank B who then sells XRP back into exchange for Rupee. That means there has to be people in the exchange selling XRP for USD as well as people buying XRP for Rupee.... Ripple said they want it to be stable as well which is necessary... But why will people want an investment that stays the same? You think people will keep there money in for free just so Ripple can use it to run their XRP exchange? It's so flawed... Noone will want to hold onto XRP. What if there isn't a buy or sell available? Banks will still need Nostro accounts incase the sell and buy isn't there. Ripples' model for savings is so biased and flawed. Banks are going to save a miniscule amount with Ripple + XRP vs just Ripple it's a complete scam coin. Banks would rather just use Ripple and trade real currency vs the headache of buying and selling on the exchange to purchase and sell XRP. It's not worth the LITTLE amount of savings XRP will add along with the headache.