“If xrp is not expected to increase in value in the long or short term...”
This was one of the clarification points of the HOWEY TEST, in regards to security requirements, and not an expectation on behalf of Ripple if XRP will increase in value or not. Ripple does not make price evaluations on XRP, and is very carful not to make statements like that, but we, ‘the holders’ of XRP can certainly anticipate and connect the dots of value here. That article shared by Ticticticblam has a price evaluation of $10 by years end, in which I certainly believe is possible for XRP. Personally, I always like to undershoot and believe we can see XRP at $5 by years end. The statement made by Ripple in regards to being focused on the long term growth of the company is exactly what I want to here as a long term holder of XRP. IMO, this means the building out of Ripples infrastructure with xCurrent, and xRapid. Currently, its as if Ripple is laying down the train tracks with xCurrent with partnership after partnership all around the world, and once all the tracks are laid the xRapid train (XRP) is going to get on the tracks and were gonna fly baby! The CEO of Ripple did make a comment about the price of XRP but it was not a price evaluation, but how to measure its future success. He stated the real success for XRP price shouldn’t be measured within 3-5 months, but 3-5 years. Meaning any new business that is launched the rule of thumb is to measure the success of it after the 3-5 year marker depending on the field.
“and is really intended to be used as "New money" almost ... why do people invest so much money into it with high expectations?!?”
Respectfully, I cannot make anyone understand the value, or perceived value of Ripple via ihub. This requires due diligence and I would recommend anyone considering to invest to do their own due diligence and not depend or rely on anyone’s sole opinion. First, if your under the impression that Ripple is trying to replace money with XRP, then you are misinformed of what Ripple is and what they are doing. Ripples xCurrent and xRapid was established to help the worlds financial economic eco system, not replace it, which is outdated, and grossly insufficient because it uses ancient technology. Ripples intent/purpose is not to replace money or become ‘new money’, quite the contrary as their mission can be summed up in three words, which is the ‘Internet of Value’. Meaning, just as anyone can send an email to someone anywhere in the world within 4-5 seconds then we should be able to do the same with sending money in our day and age of technology. Sending money anywhere in the world today takes up to 2-3 days and costs over $40, but with Ripple it can be done within 3-5 seconds, which is just as quick as sending an email, hence the Internet of Value.
“Why would people invest so much money into it with high expectations?”
I’ll try to break it down via ihub as I have already spent more time then I care to typing this out, but for the benefit of those who care to learn more about XRP here goes. Ripple is solving a $20 Trillion Dollar problem, yeah thats Trillion with a T, which is the size of the US National Debt. The Central Banks have over $20T sitting in vaults as the SWIFT code system currently in place does not allow nor is it capable of sending trillions of Dollars from Central Bank to Central Bank all over the world to conduct business. If they did the SWIFT code system would crash so instead they must write I.O.U’s in order to do business. Thats $20T dollars of DORMANT CASH sitting in vaults that could be put to good use, but they cannot, but with Ripples xCurrent and xRapid they can as the central bank of Arabia is already test piloting xRapid!
Dormant - having normal physical functions suspended or slowed down for a period of time; in or as if in a deep sleep. <~~~~ $20T DORMANT CASH!
Ever hear of a Nostro Account? Most have not but a Nostro account is a bank account that a bank holds in a foreign currency in another bank. The Nostros accounts are used to facilitate foreign exchange in transacting and settling fiat, (money) internationally from bank to bank. For example, if Im going to wire $50,000 dollars from the US to Italy for business, family, or pleasure the process it takes to get those funds into Euros is insufficient. The entire process takes up to 2-3 days and costs up to $40 or more to send it, in which the banks use a Nostro Account to complete and settle the transaction. Many are unaware of how much cash banks actually keep in these Nostro accounts for such transactions, but the number is astounding. Banks keep up to $30 trillion dollars in Nostro Accounts because trillions of dollars go through the SWIFT code every day. Think about that for a second. Banks leave up to $30 trillion dollars sitting in accounts just to transact and settle monies from one fiat to another. All this cash is just sitting in these Nostro accounts, which could be put to use but because of the current financial system this is how it’s done. This is why I continue stating that the current economic eco system is GROSSLY INSUFFICIENT and Im not exaggerating. Its over 50 years old and needs to be replaced and SWIFT knows it. Ripples system fully solves this problem as xCurrent rapidly transacts the fiat, and xRapid settles it all for a tenth of a penny. In layman terms all the global financial transactions can now be done in the Millions, Billions and yes Trillions within 4-5 seconds through Ripple.....this is the ‘Internet of Value’.
You asked why do people invest so much money into Ripple with high expectations? Because the bagging of gains requires the anticipation of coming value, and this in a nut shell is the potential coming value of XRP as no investment is a guarantee. All Ripples partners, 100+ Banks in counting, have already gone live with xCurrent. Once Western Union and Moneygram who are already using xCurrent go live with xRapid which they are test piloting and same for the Central Bank of Arabia these current prices will be long gone IMO.
Yoda Long XRP Strong like BULL..hgmmmmmmmmmm!!!
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