/biz/ - Business & Finance

>tfw if you own 5000xrp
>there is still 50,792,285,485 XRP (98.836%) is in accounts with more XRP.
They don't give a fuck if you make some tens of millions, they'll be scaling this to handle the daily fx intra-bank fee costs for the $6.6trillion transfer volume, it's going to to parabolic upon government implementation and adoption
>https://www.financemagnates.com/institutional-forex/execution/bis-survey-daily-fx-volumes-jump-30-to-6-6-trillion-in-2019/

>>22117411
fpbp checked this article has only made me want to buy more immediately

>>21969523
mines in exodus and from what i've gathered they will just be making a corresponding # to all outstanding accounts holding anything and make a 1:1 drop accordingly, as i emailed them and got this response

>" so all airdrops that are qualified for will be received to your associated address. That being said, Exodus has strict standards for asset listing criteria so newly created forks and airdropped coins will not be supported at launch. This means that the tokens received will not display nor be accessible from directly within an Exodus wallet as the tokens will not have their own dedicated wallet section.

>I'm not sure if there's an airdrop or a fork occurring for this asset just yet, and until those details are finalized, it would be difficult to say if Exodus users can benefit. You may instead need to use another wallet for the Flare fork for XRP users.

>If things change within Exodus, we'll be sure to reach out to you again with an update"

>>21204325
>>21203499
>5.1TRILLION gets processed DAILY on the foreign exchange markets
Assuming current bank rates for sending $ is around 0.025% per (low estimate), gives $1,275,000,000 as the fee cost for intra-banking transactions to handle the 5.1trillion moved, daily.

>$1,275,000,000 as the fee cost for intra-banking transactions to handle the 5.1trillion moved, daily.
XRP will drastically save costs by facilitating instantaneous low cost, low power.

>$1,275,000,000 as the fee cost for intra-banking transactions to handle the 5.1trillion moved, daily x 365 days a year of commerce =
$465,375,000,000 worth of value annually up for grabs to be saved

Even at a 100billion market cap, you can see how if XRP / Ripple can capture even 10% of that market, the value is there.... and that's just dealing with the daily foriegn exchange volume...

>>21087250
Bro don’t trust people other than yourself I mean I love shwartz and ripple but that’s after research don’t just own your own keys own your own knowledge you will sleep better at night I promise