xrp is mainly for remittance for interbank settlements. the idea is to remove the costly need for vostro and nostro accounts. these accounts hold fiat denominations to facilitate forex. first will be xcurrent, which doesnt need xrp token, easier to get started with. it has huge cost savings. xRapid requires xrp token but the savings are more substantial. the reason why xcurrent is used first is because its easier to use. the progression to use xrapid is a natural progression and easy to migrate to from xcurrent.

xrp token value will soar once pilots move to adoption and then to xrapid. you wont even have a chance to time it. even though there are huge amounts of xrp in circulation and in escrow. a high token value is actually better for banks as it makes filling the order book easier. right now im 29% xrp, and im buying more.

its a no brainer use case, there are billions or perhaps even trillions lieing around in nostro / vostro accounts which is dead money on the balance sheet. tehse accounts hold fiat denominations to faciliating trading on forex for remittance. this is hugely expensive as this money is a liability on the balance sheet as it cannot be loaned out.

XRP removes the need for these costly nostro / vostro accounts

XRP also has huge cost savings in weak fiat corridors e.g. fiji fiat / australian dollars. it costs 15% to send money there. insert african country here and its even worse. its also over night or could take days as not all banks have denominations of fiat. so it needs to be settled through other banks using USD as the intermediary, increasing cost and time.

XRP solves this problem as there is no need to hold fiat denominations which i mentioned but also its near instant 2-3 second confirmation time, 1500 tx/ps and 0.0003$ per transaction.

the only hurdle for adoption is legal and governance. which they have always said they are willing to comply with regulations.

people bring up centralisation but they are making efforts to decentralise. and yes XRP has 60% of xrp tokens in escrow, but they will be released monthly to provide liquidity in a similar way how mining or staking adds coins into circulation