Quote from: UncontrolledGuy on January 29, 2019, 08:18:10 PM

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.

They can't make more.
The coin is deflationary, as in a very small amount gets burned (destroyed) on every transaction. (Around 8M XRP destroyed so far).

Also, there is a thing called xCurrent and xRapid (among others).

xCurrent, you use the tech, but not XRP and you save more money than using conventional transfer (rough estimate done by Ripple and users is around 30%

xRapid, you use the tech AND you use XRP which makes you save another, cca, 30% savings

You'll see a lot of hate (and probably a fair amount of shilling) for Ripple/XRP, but don't fall into such trap. Keep researching, took me 3 weeks of reading to decide whether to buy.

EDIT: THis is a VERY simple explanation and you best visit Hodor's blog, he has some amazing articles that shed a lot of light on the matter.

Kiir

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