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Quote from the article: "Unfortunately the cost savings provided by XRP are not very high when compared to the risks of adopting it. In the best case scenario
by shepardrtc 9y ago
Quote from the article:
"Unfortunately the cost savings provided by XRP are not very high when compared to the risks of adopting it. In the best case scenario XRP would save banks an additional 33% over xCurrent."
So, according to the author, using XRP could save banks up to 33% in costs. His argument for saying that won't happen is that its too risky. Ripple (the company's) argument against that is they have escrowed away most of XRP and will release it at very specific intervals. They are very motivated to keep the currency stable. At higher prices, and higher volumes, that will happen.
- tybit 9y agoYour argument seems to pivot from the banks claim that it's too risky to saying that Ripple can solve the volatility problem. While volatility is a big problem, I don't think it's the only (or even the largest) risk to banks using it.
- shepardrtc 9y agoI was assuming that the risk mentioned was volatility. What other risks are you thinking of?