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RE: Why in 2018 will XRP still be better than the BTC?
As soon as these banks truly realize these gains and their profits increase, then xrp price will explode again and continue to grow for decades.
As soon as these banks truly realize these gains and their profits increase, then xrp price will explode again and continue to grow for decades.
Agreed, it's also a matter of their hands being some what tied. Sure you can show them the 60% savings but they can't just dive into xRapid and expect all the other institutions to follow. First they dip a toe then splash their foot. After they are waist deep it's arms up on the side of the hot tube with a glass of champagne. At that point others will join.
For what reason tho? banks have no reason at all to purchase xrp... they are just in it for the xRapid software, and xrp is not a stock in any way, its not like company profits of the software will stream into XRP, even ripple labs themselves says XRP is just a speculative asset... so why would it pump outside of speculation? (Not hating, just a serious question)
They will join because its faster and they save money. To use xRapid software means they are using XRP. Banks only hold XRP for 3 seconds. They don't hold it like investors HODL, they can but that's not what XRP was designed for. A bank buys $140M worth of XRP, sends it to a bank in Mexico where it's sold for pesos and both banks are happy. XRP is the bridge asset, not the asset they are holding. Bitcoin and litcoin could be moved around in the same way as well. All that is required is the trading pair with XRP and enough liquidity.
No it's not a stock, you're right, they don't claim to be. In order for cross boarder settlements to take 3 seconds and cost less than a penny XRP needs liquidity. To achieve that there needs to be people buying and selling. It's a speculative asset based on the value people see XRP providing to Ripples customers. Hope this makes more sense.
And I believe that.