I have been research about Ripple/XRP. I learned that xRapid will use XRP to send money over internationally for banks transfer purposes. From my understanding, XRP cannot be printed, what if bank want to send $100 billion, that means XRP have to be $5 or above so banks can use XRP to send money with xRapid. Am I correct from my research? There is mixed reports about XRP, and its likely they will not use XRP at all? Would be cool if you guys share your knowledge on this part. Thank you.
Noone really sends 100 billion to somewhere else that easily. That type of money is country economy changing amount, there are countries with less money in their treasury to begin with. Hence, that is not something they would care about right now. If that were the case and 100 billion were to be used than they could find a combining effort of both crypto and legacy systems to exchange money for that transaction purposes and go back to pure crypto.
The blockchain system and money is totally different, this is exactly why people still buy and sell ripple, they think XRP has anything to do with Ripple, even if a company were to send 100 billion dollars worth of money to another bank, they will not use XRP, they will just use the blockchain and pay Ripple company and people who hold XRP will not benefit from it.