ripple.com
Why cant they just send XRP? Ouch
Ripple admits RLUSD is the bridge currency, not XRP
i don't really get that by reading picrel, but I also don't understand why cripples don't think banks will make their own chains with their own nodes sending their own stables to and fro each other
ooohhh it's soooooo hard to make a blockchain
ignores the 10000 shitcoin L1s that exist and thinks banks won't easily do this
XRPtards generally have no understanding of how business functions, and no real foresight for blockchain. It's abundantly clear at this point that the future is multichain, every single fucking crypto project and tradfi institution are screaming this at the top of their lungs, and the "schizo army" just puts on headphones and pretend like nothing is happening simply because their shitcoin managed to reach an insanely overvalued marketcap in a total clown world scam market so they MUST be right. Meanwhile most XRP holders are still down on their initial.
Explain why a new stablecoin was necessary? No one asked for it and no one wanted it. Plus, Brad has even more work to do; he'll have to suck more politician's penises, his only talent, to sell his two worthless dog turds that no one wants.
but I also don't understand why cripples don't think banks will make their own chains with their own nodes sending their own stables to and fro each other
Why would banks want to use each others tokens,
shut the fuck up maxi
youre biepum aren’t you
fuck you
Person A sets up an AMM with bank A's coin and XRP, person B sets up AMM with bank B's coin and XRP. Bank A sends their coin to person A, person A sends XRP to person B, person B sends bank B's coin to bank B.
Bank A and bank B only use their coins. Person A and B receive transfer fees.
XRP retards haven't learned anything.
Didn't they get moneygram to use some shitty permissioned blockchain as well? Like ages ago?
XRP sissies should have seen this coming.
This person has above average IQ
Below average*
Why would xrp be involved at all when both bank a and b are members of fedwire and directly debit/credit over it?
but muh cross borders and shit
Still need KYC.
Based. Just bought more XRP.
Spoonfeeding season is over. Let them rot. We're not obligated to help them I'm any way.
Great fud thx.
wake me up at $589
everyone moving to a decentralized market with digital stablecoins…hurrr durrr but that’s not how they do it now
I see you are mentally retarded
If it transacts on the XRPL, it uses and burns XRP.
-End of line.
But why the fuck would you use xrp
If it transacts on the XRPL
Yes, IF they use XRPL. 68% of RLUSD is on Ethereum. XRP is gas, the stablecoin is the bridge currency.
Why cant they just send XRP
that asset is not intended for average retail consumers, but for institutional banking. Prepare to get shaken out
Prepare to suck my dick bitch
Institutions can’t even buy them you stupid cuck. I don’t even follow xrp and even I know that
LINK wins again
Why would they want to use ripple?
Everyone is going to have their own stableUSD where they function as a bank and settle in BTC LN channels.
No company will willingly hold someone else's stableUSD unless they're small and stupid.
They're better off using their own stablecoin and making profits off bond returns and BTC reserves.
You can even have stableUSD in an ecash mint using purely BTC by hosting LN channels using discreet log contracts.
One channel partner takes a long the other takes a short and DLC will be the BTC price feed.
The short BTC user just minted stablecoin USD while the long BTC user is in a trust less BTC long contract.
Shitcoins are beyond stupid at this point.
How do you go from rlusd to the euro dollar, the pound, renminbi or any other currency? Oh yea that’s right xrp you fucking dumbass
How long for xrp to burn 90% of its supply assuming 50% of the world uses it’s stablecoin to burn xrp every time money gets sent around the world?
the linkie tears are delicious
not knowing that not only can each individual xerpie be broken up into 1,000,000 individual units, but that the burn rate can be adjusted as need evolves for transactions of any size
WTF.. XRPbros literally predicted all of this. Should I get a bag?
Okay, what happens when Bank A is sending $1bn, and Bank B is located in the Democratic Republic of Congo? There won't be enough liquidity in Bank B.
This is the entire problem with cross-border payments, but cripples just refuse to listen.
Holy shit, stinks are fucking retarded that don't know how transaction fees and forex work.
Fucking herbed.
you had 10 years to buy sub 2 dollar.
Checks chart
Still number 4
90% of the fuddies posts are literally proof they dont understand nor the xrpl nor ripple nor the function of rlusd
Metaco, hidden road acquisitions bidding to buy circle.
Go read a book bieps, i know its you. Please post the helicopter collage with the current link price like you mean it.
Checked
I will get a bag sir, should I join /xsg/ too? There's a lot of hatred there but 1 guy in particular seems pretty cool he likes to steer things in the right direction it seems.
Just go through the archives, quality has gone down the gutter since we went from sub 50c to above 2 dollars.
I take 2 million in digital payments a year and my main hold is XRP.
Everything you said is correct, but XRP is the best for direct payments out of anything.
It's ahead in liquidity, it's ahead in world wide usage (Korea, Japan, Taiwan), it's faster and cheaper than most other things.
It will be a player and a big one.
Also, XRP is what sits in the middle of RLUSD and let's say RLYN or whatever foreigh currency you like.
enough liquidity
kek
It's ON DEMAND LIQUIDITY retard. It entirely eliminates the need for liquidity in the middle.
Now, if the tx happens to buy more DRC money than even exists, that will be their problem.
But you aren't arguing what you think you are arguing.
ooops sorry xrpoo, time for you to go shit in the street
LINK wins again
a bridge currency retard not THE bridge currency
If it transacts in any way on the XRPL, it uses XRP as the Bridge Currency and has an XRP transaction burn. Everything will us the XRPL. Don’t hate me, I’m just the messenger.
-End of line
They won't use their own stables, but instead a stable that all the banks collectively use. Like a USDS (usd swift) or some shit. There will eventually be a standard stable that is used, it would be pretty dumb for each bank to have their own stablecoin.
So Ethereum is a bridge currency too?
is your mother a money grabbing whore
XRP and LINK can work together and they WILL because they have different use cases. LINK is for oracles and gathering data and XRP is for atomic settlement, dumbasses. Have you ever even read chain links website?
duh. everyone here knows xrp (along with every other L1 that cares about data and security) and link will eventually work together but it's just fun to argue since it stalls time.