The reality of $10,000 - $50,000
$XRP
My personal hypothesis -
There’s only a finite amount of $XRP in existence
@Ripple
has a banking license in place
Ripple will license out the $XRP blockchain technology to every bank worldwide
Ripple will allocate a certain amount of
XRP to every bank around the world based on how big that bank is, and how many transactions they incur / settle daily, weekly, monthly, yearly
1 x XRP will have to be fractionalised
For example -
1 x XRP at $10,000 per XRP fractionated into 1/10,000th
That 1/10,000 th of an XRP acts as a gas fee to conduct each transaction and settle each transaction
The higher that dollar value is for
XRP
the more transactions can be occur and settled via 1 x XRP
Therefore, XRP has to be expensive so that more fractions can be allocated
otherwise every bank and financial institution around the world will run out of XRP after a year or two
That’s why, minimally, XRP has to be at least $10,000 - $50,000 per XRP
That’s the only way the global financial infrastructure can run via
XRP
#XRPLedgerPatchesXRPCreationBug
#STRKRisesAbout20%In24Hours
#EtherETFsExtendOutflowsToNineDays
$XRP
My personal hypothesis -
There’s only a finite amount of $XRP in existence
@Ripple
has a banking license in place
Ripple will license out the $XRP blockchain technology to every bank worldwide
Ripple will allocate a certain amount of
XRP to every bank around the world based on how big that bank is, and how many transactions they incur / settle daily, weekly, monthly, yearly
1 x XRP will have to be fractionalised
For example -
1 x XRP at $10,000 per XRP fractionated into 1/10,000th
That 1/10,000 th of an XRP acts as a gas fee to conduct each transaction and settle each transaction
The higher that dollar value is for
XRP
the more transactions can be occur and settled via 1 x XRP
Therefore, XRP has to be expensive so that more fractions can be allocated
otherwise every bank and financial institution around the world will run out of XRP after a year or two
That’s why, minimally, XRP has to be at least $10,000 - $50,000 per XRP
That’s the only way the global financial infrastructure can run via
XRP
#XRPLedgerPatchesXRPCreationBug
#STRKRisesAbout20%In24Hours
#EtherETFsExtendOutflowsToNineDays