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But the currency is not required for banks to actually use the system? I'd be all over this, but it seems banks are only interested in the Ripple tech, and don'
by charlesdm 9y ago
But the currency is not required for banks to actually use the system? I'd be all over this, but it seems banks are only interested in the Ripple tech, and don't require (a lot of) XRP to operate the Ripple tech.
- thealfreds 9y agoCorrect xCurrent doesn't require XRP and just the xRapid product uses XRP to process payments. The thought is that XRP would be a universal currency for the payment processing portion and separated from the xCurrent ledger solution.
- shepardrtc 9y agoThey don't have to use it, but they'll save 30% on the cost of a transaction by using XRP. Why wouldn't they? > it seems banks are only interested in the Ripple tech No bank has ever said that. Some have said that they're not using XRP yet, but that's because they're simply beginning trial runs of the technology.
- edzorg 9y agoIf you want to see that same tech in action but on a public blockchain, check out Stellar.