In terms of XRP, it's really not about the price, it's the utility. XRP and the company behind it Ripple are using crypto as an alternative system to SWIFT. The idea is that banks can use their network to transfer money internationally by converting to from fiat to cyrpto, send the crypto, and then convert back from crypto to fiat on the receiving end. Which would really challenge the central banks if it gets adopted, and why they tried to get the SEC to tie them down with stupid lawsuits.
They also have plans for XRP to compete with BNB if they're able to open their own exchange. Ripple has very large plans. The SEC lawsuits seem like nothing if you've been following it. It's possible it was a hit job to get the price to tank for the whales to scoop up a lower price. On top of that it also helps define the industry more which is exactly what America needs if they're going to adopt crypto.
Ok so theres XRP & a few others such as XRP AU. Other than price is there a difference between them? Yes, smooth brain ape at the helm here.
I have just made an eToro account purely to buy 2 shares in GME, clearly I don't know what crayons taste like. Gosh Im yet to work how to actually buy a share. Thought I would use the virtual account to figure it out, the market is closed for GME, but XRP is trading, thought I might get some of those too.
In terms of XRP, it's really not about the price, it's the utility. XRP and the company behind it Ripple are using crypto as an alternative system to SWIFT. The idea is that banks can use their network to transfer money internationally by converting to from fiat to cyrpto, send the crypto, and then convert back from crypto to fiat on the receiving end. Which would really challenge the central banks if it gets adopted, and why they tried to get the SEC to tie them down with stupid lawsuits.
They also have plans for XRP to compete with BNB if they're able to open their own exchange. Ripple has very large plans. The SEC lawsuits seem like nothing if you've been following it. It's possible it was a hit job to get the price to tank for the whales to scoop up a lower price. On top of that it also helps define the industry more which is exactly what America needs if they're going to adopt crypto.
Thanks! I’m a bit new to the topic
Ok so theres XRP & a few others such as XRP AU. Other than price is there a difference between them? Yes, smooth brain ape at the helm here.
I have just made an eToro account purely to buy 2 shares in GME, clearly I don't know what crayons taste like. Gosh Im yet to work how to actually buy a share. Thought I would use the virtual account to figure it out, the market is closed for GME, but XRP is trading, thought I might get some of those too.
Any help, guidance would be much appreciated.