Everyone of us have been impacted by his Ukraine / Russia conflict, gas has soar and inflation has started to go bonkers. They have taken away SWIFT which stands for the Society for Worldwide Interbank Financial Telecommunication, allows banks to relay information about financial transactions to one another. Since the sanctions Russia is no longer part of that centralize system turning the world upside down , the world is looking for an alternative to the old system. Here is where things get juicy. Th world is looking to an alternative to this old way of making transaction which are lengthy and are expensive to be able to achieve. here's where XRP come in to take over this old system .XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries. Its products are used for payment settlement, asset exchange, and remittance systems that is superior to SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.
The world ask Why would banks use XRP?
The XRP token was used on the platform for on-demand liquidity, allowing settlement in mere seconds for as little as 0.00001 XRP for international transactions. This sought to provide banks with a cheaper, faster alternative, as SWIFT took anywhere from 30 minutes to a day, or longer, to conduct transactions .xrp utility with its super sonic speed and super low fees is the reason why XRP will be the phoenix of the crypto world. Meanwhile, Ripple’s current NFT promotion efforts for the XRP ledger are already gaining a ton of traction. The company has welcomed new partners looking to leverage XRP’s NFT capabilities.
Ripple has just onboarded three new NFT marketplaces including Geer It, Ethernity Chain, and onXRP. It has also announced the first tranche of participants in its $250 million Ripple Creator Fund.
Since the launch of the fund in September 2021, Ripple reckons that it has received close to 4,000 applications. It adds that the applications have also been for NFT projects with diverse use cases cutting across “gaming/metaverse, music/entertainment, art/collectibles and beyond.
What is price = what is All time high = What is supply = ”The current price is $0.790312 per XRP. XRP is 79.42% below the all time high of $3.84. The current circulating supply is 48,046,106,688 XRP.
I propose to buy one eth of current price of XRP and hodl till we get 200% gains then sell half and then hold the rest till XRP is above ALL TIME high then will vote to sell or hold to see where the market is heading during those times.
Utility and price cost is what makes a system go to the top or plummet on its ass. Boys lets Stand together in this new technology and lets reap the rewards. This is long term hodl buy definitely well worth it. Fun fact xrp came out in a Simpson episode predicting the price to be $589 and frankly they have been right about so many things before its nuts. but the Simpsons part is a fun fact th other things above are hard evidence in why we should hodl XRP.