/biz/ - Business & Finance

>>7523610
india's listing + 0.6 support held quite well, trend started to reverse and people were buying back in.

>7523656
>why do you think the banks will use your XRP

save money + final settlement


>its about banks and what ripple can do for banks

nope, institutions are using it, everyone, even your grandmother will be using it for p2p payments (pic related). I don't care about the banks. I was just answering your question.

>My main reason is to step away from debt based money.

what does this have to do with anything?
>they will use ripple labs

ripple labs is the company's name. you are not making any sense.


here's an explanation for brainlets like you:

===================
xRapid uses public exchanges that trade XRP to source liquidity from speculators and other members of the public who're trading cryptocurrencies for fiat and vice-versa. It pairs trades at different exchanges in real time and transfers the XRP between exchanges.


It automates the following process, which one can do (slower, thereby less profitably) by hand:

Deposit USD at (source exchange)
Trade USD for XRP at (source exchange)
Withdraw XRP from (source exchange), deposit at (destination exchange)
Trade XRP for eur at (destination exchange)
Withdraw eur from (destination exchange),