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Rei-Teh

Hey I got a question. If this SEC case is

won and bank does use xrp as cross border transaction, how will the XRP token be price? What will it be backed by to deem it to be a stable currency?

#cryptocurrency #english #xrp
0

4 ответов

9 просмотров
Justin-

Price wise i have no idea. It doesn’t need to be a stable currency to bridge different currencies. Ill break it down to the most simple understanding Us sends $10 > XRP bridges with $10 worth > out pops the other currency equivalent to the $10

0
02.02.2022
Rei-Teh Автор вопроса
Justin
Price wise i have no idea. It doesn’t need to be ...

Yes I do understand however, imagine I am a bank and I hold 10 xrp. If it's not stable and it dip, I would own less (in terms of money) with that said, even with the low transaction fees, would a bank truly adopt it knowing that the price could fluctuate?

0
02.02.2022
Rei-Teh Автор вопроса
Justin
ODL, no need to prefund

Oh okok I'll read up about it. But if you have the time do you mind explaining?

0
02.02.2022

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