Wednesday, January 16, 2019 2:21:07 PM
Yeah, that's the SWIFT network that services 10,000+ banks and financial institutions.
Are you comparing the Ripple network to the SWIFT network?
We're just comparing similar but different things.
My main concern is how am I going to make money on my XRP.
Correct me if I'm wrong but IF a bank wants to move money internationally they would buy XRP from Ripple and then use it on the xRapid system.
The banks don't buy XRP on the open market where you and I bought ours.
Once the transfer is completed what happens to the XRP? Does Ripple buy it back? Or does the bank hold it or sell it on the open market?
Currently there are 41,040,405,095 XRP in circulation against a total supply of 99,991,724,864.
50 years ago when I studied Economics in college I learned that the main mover of markets, any market, is Supply vs Demand.
With such a large supply of XRP both in the market and on the sidelines, HOW (and when) are we going to make money with XRP?
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