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XRP is only required for the tiny transaction fees over the Ripple network. That's it. The transactions don't have to be denominated in XRP. The market hype is built around XRP being the transaction currency but I haven't seen anything that suggests it will be, and I think when the market wakes up and realizes this the price of XRP will come crashing down to earth
You are shouting one of them
What's the difference between USD and the Dollar?
Ripple is the technology / platform. XRP is how the users pay transactions fees for using the platform
P1 thank you for the only reasonable response. So when people talk about the hype on Ripple and how it can be extremely successful if banks sign on, are they referring to the price of XRP shooting up to?
Yes they're referring to XRP. Right now there's no way to benefit from the actual tech becoming successful. There is actually a pretty good case for Ripple succeeding and XRP crashing. I'd say stay away until you understand the basics of the tech
Hmm ok, last question lol how can Ripple succeed and XRP crash?
Okay got it