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Ripple XRP is xRapid Going For Banks? & 400m Yale Fund Is Just The Start!
Ripple XRP is xRapid Going For Banks? & 400m Yale Fund Is Just The Start!

Ripple XRP is xRapid Going For Banks? & 400m Yale Fund Is Just The Start!

October 7, 2018 Crypto News, Ripple

Something I couldn’t find while recording:
https://www.xrpchat.com/topic/21590-xrapid-not-aimed-at-banks-according-to-david-schwartz/

I quote: ‘
XRP should not be used to make us rich in anyway, so, of course it’s a settlement tool, not a get rich quick scheme. I would defend that argument with my dear life too.
XRP was made for settlements to solve the nostro/vostro problem, but now it’s being used by companies and banks for international and national payments.
So XRP might end up solving the liquidity problem and the nostro/vostro problem, but not necessarily intra banking transactions. That’s why most banks are with R3, because they don’t solve the settlement problem. There’s an article of a manager from BNP paribas (top 10 biggest banks) on why Ripple doesn’t fit their needs and R3 does. It’s because of Corda being a private ledger.

So, no Xrapid isn’t “for banks”, it’s to solve the settlement issue.’
– Sirthinkalot

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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