4 ms·
Why would they want to keep the value low? They raise capital by selling it.
by froocpu2 8y ago
Why would they want to keep the value low? They raise capital by selling it.
- lawlessone 8y agoliquidity? Ripple owns most of the XRP in existence now anyway and could just flood the market.
- froocpu2 8y agoIs that a guess? Greater demand -> better market value and greater trading volumes -> better liquidity because it requires less XRP to move x amount of money from A to B, and the market price is less likely to be affected by the move. The majority of their XRP is in escrow contracts, so they physically can't flood the market with more than 1b a month.