Thoughts on XRP?

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Ripple labs is a cool startup. xrp is completely useless and not even a cryptocurrency.

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Seems like simultaneously one of the most loved and most hated cryptos.

Personally I think it’s very suspect when one company owns a high percentage of the coin and can have a huge influence on liquidity and price through their own actions. Nice market cap though, and high enough in the rankings to attract institutional interest, even apart from their institutional use case focus.

My biggest question is whether central banks will actually use XRP and drive up the price the way investors are hoping. I don’t understand why central banks who wanted to use crypto would not prefer to create and own their own vs. using a 3rd party crypto invented by another company. Even if they did use it, with the use case being almost entirely transferring value from point A to point B, with matching buys and sells on each end, I don’t know how much would actually be held by those banks that would drive up overall demand.

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Ripple is very interesting. They are building a business model to replace SWIFT. XRP doesn’t seem like a valuable currency play

Garbage. 51% is own by banks.

That is what Ripple, and probably most XRP investors, are hoping would happen. If banks don’t own at least half of XRP, that takes away the speculative exit they are hoping for.

The only other scenario is for XRP to find new use cases unrelated to bank use. Given their large and vocal following it’s a possibility, but also dilutes their brand.

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