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Euro Exim Bank: "We May See Ripple XRP Moving Across Swift Network"

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Tags : cryptocryptocurrencyRipple XRP NewsxcurrentxpoolXPRxrapidXRP Newsxrpbtcxrpeurxrpusdxvia

6 Comments

  1. dont worry about the mic DAI, we can hear you just fine and dont worry about the other moaners… you keep doing what you doing and instead of buying a mic and a computer, buy some more XRP

  2. The outlook for XRP is unbelievably good: one evening you will go to bed when XRP stands at 50 cents and then the next morning you will wake up and XRP will be worth half a Dollar!

    Let’s get serious.

    Remember: More XRP are held by Ripple (the company) than there are currently in circulation: 55 billion vs. 45 billion. 1 billion XRP will be released by Ripple once every 55 months, with all unused XRP returning to the escrow account at the end of each month. That means with XRP at a price of let’s say 10 USD somebody has to buy XRP for 10 billion USD – each month. Who could this possibly be? The balance sheet of the federal reserve is about 4 trillion USD. Ripple the company would be worth more than 13 % of the federal reserve! XRP standing at about 70 USD would mean Ripple the company would be worth more than the federal reserve. That would be an inconceivable power for a private company!

    So I’m guessing that Ripple has to give away the most part of its escrow to IMF, BIS, ECB, UNO or some other of the PTB – or destroy the most of it.

    The price increase of XRP (in relation to BTC) is not to be expected before the escrow is empty, let’s say in about 5 years. Until then XRP is likely to underperform BTC. Sudden spikes in price like that end of 2017 (produced by not well informed speculators) should be used to switch to BTC.

    Don’t get me wrong: I’m fully aware of the ILP advantages. Ripple is going to replace SWIFT, which transacts about 6 trillion USD – each day! But that does not mean that XRP has to increase beyond imagination. You as an owner of XRP are not participating as Ripple the company.

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