/biz/ - Business & Finance

>>11225032
>Optional*

Use of RippleNet is optional too anon

It's called living in a free society.

>>11225008
>you shills have been at it all day, nobody is buying your heavy ass bags

Tell that to the 100% price rise week on week retard. Lmfao

>>11225003
>if anyone can legitamately answer my question about money creation and fractional reserve lending and why XRP is needed for a balance that banks can freely create maybe i'll buy some

For two banks inside the same domestic jurisdiction with the same central bank they don't need XRP. For two banks in different jurisdictions they need to trust eachother's solvency and the stability of the fiat currency their nostro is denominated in.

This is fine during bull markets but come 2001 and 2008 for example you have a problem. Banks are reluctant to hold trillions of dollars with eachother if there is any uncertainty about solvency.

Correspondent banking relationships have been declining for years. The IMF writes about it extensively. XRP is very well positioned now to take over this function.

>>11188607
ayy

ALL ABOARD