Home > Boards > Cryptocurrency > Coins > Ripple (XRPUSD)

If RippleNet XRP can essentially start taking the

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
stockvaper Member Profile
 
Followed By 24
Posts 5,346
Boards Moderated 0
Alias Born 03/02/11
160x600 placeholder
stockvaper   Monday, 10/21/19 09:18:42 AM
Re: None
Post # of 11294 
If RippleNet XRP can essentially start taking the place of Swift, (which has already started), then they will have a potential demand of:

Quote:
"...More than $300 billion carried over gpi every day across 1,100+ country corridors.. "


https://www.swift.com/news-events/news/cross-border-payments-reinvented

Now consider this:

Ripple’s XRP Escrow
"To provide additional predictability to the XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP.

The escrow consists of independent on ledger escrows that release a total of one billion XRP each month over the next 55 months. This provides an upper limit on the amount of new XRP that can be brought into circulation. The amount of XRP actually released into circulation will likely be much less than this. Any additional XRP leftover each month will be placed into a new escrow to release in the first month in which no escrow currently releases."

What happens to the price of XRP when the more than $300 billion carried over gpi every day across 1,100+ country corridors needs more than 55 billion XRP? Per day.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist