"Do you need a $1 million house or do you want a $1 million house?" It is just what average houses cost here now. In fiat currency which isn't about to be replaced. Good luck buying that without borrowing for most families. Even if prices came down dramatically it would still be a massive amount to try and save.
XRP likely to be adopted as replacing archaic methods as you say. As an investor, there is a strong reason to be interested in this coin. Also no reason why XRP can't also be used more broadly as a digital currency for daily use or a store of value for that matter.
” XRP was never intended to be a functional digital currency the way that bitcoin was. It is merely a utility: the banks or financial institutions that use Ripple conduct their transactions in XRP.” …”Never mind the fact that XRP is merely a back-end settlement token.”
https://zerpening.com/2017/12/29/ripple-xrp-debunking-mainstream-misconceptions/
- This is very untrue. It is a functional digital currency that has real-world uses, unlike Bitcoin for that matter. Ripple is powering forward to develop uses of XRP well beyond bank-to-bank. Future uses include:
- XRP investment funds
- Non-financial companies using XRP
- Web payments i.e. peer-to-peer (this is HUGE news which just came out
"Do you need a $1 million house or do you want a $1 million...
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