Yes they have contracts with banks but banks don’t need Ripple , they need blockchain.
Read moreCan banks use Ripple without XRP?
The Ripple Consensus Protocol cannot exist without XRP , although it could still endure should Ripple, the company, fail. The RCL supports transactions of fiat currency, cryptocurrency, commodities or any other unit of value such as frequent flier miles or mobile minutes.
Read moreWhy do banks use XRP?
According to Ripple CTO Stefan Thomas, XRP is quicker and cheaper at fractions of a penny and about three seconds faster per transaction compared to other digital assets. 2 XRP offers other advantages as well: using XRP, banks can source liquidity on-demand in real-time without having to pre-fund nostro accounts .
Read moreCan you make money with Ripple?
Ripple is a developer of software for settling payments online as well as the creator of the cryptocurrency XRP. Ripple makes money by selling XRP, payment fees, profits from investments, as well as interest fees on loans .
Read moreIs XRP good investment in 2021?
XRP is a good investment in 2021 since it gave investors more than 110% return on investment. However, XRP has a high possibility of surpassing its current ATH at about $3.84 it attained in January 2018 by 2022.
Read moreCan a Ripple get $100?
Given these figures, it’s clear that for the XRP coin’s price it is almost impossible to reach $100 ; its market cap will have to be 100x more at least.
Read moreIs buying Ripple A Good investment?
Is XRP the Best Crypto to Buy in 2022? Now is a good time to buy XRP , given that $0.76 is already considered a good entry point. Its real-world utility as a less costly and more scalable payment, with transactions happening every three to five seconds, makes it better in terms of intrinsic value versus other cryptos.8 Mar 2022
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