Will the price of XRP go up as banks replace Swift?
The more banks that start replacing SWIFT with ripples ODL, the more liquidity there is and the price of XRP will certainly start moving up. This takes time as Ripple are trying to change the whole financial infrastructure that has been around for over 50 years. The price of XRP will certainly be higher as trillions start moving in Ripples ODL.
How much does XRP cost on Ripple?
“The standard fee to conduct transactions on Ripple is set at 0.00001 XRP, which is minimal compared to the large fees charged by banks for conducting cross-border payments,” says El Lee, board member of Onchain Custodian. What Is XRP?
How much value will XRP (XRP) hold?
However, banks will potentially transact a single XRP multiple times a day potentially in the order of billions or trillion dollars per day, bringing this average time down. Store of Value in USD (in trillions): As XRP becomes more valuable with increasing utility and trust, more and more people will hold XRP like digital gold.
Is ripple using XRP to transfer money between banks?
To transfer funds between banks, the network is using its native XRP tokens, guaranteeing fast and secure settlements. In an interview with Fortune earlier this year, Brad Garlinghouse, Ripple’s CEO, said: “Not many months ago, the media was saying no one will use XRP, which made for good skeptical headlines.
