How Does XRP Provide Instant Liquidity?

achainofblocks.com

10 pointsbriggsrhg4 comments

XRP is created from thin air, same as the fiat a cryptocurrency is supposed to replace. That's how it provides "Instant Liquidity".

Good article, succinct and accurate info. Only thing though with the end where banking will adopt Ripple software but not use the native asset imo is very unlikely. It's also constantly used as FUD. Banking will certainly leverage the native asset to get real time gross settlement. Which as far as I'm aware is only available when you use XRP. So for a financial institution to pass on that is just not going to happen.

Bitcoin provides stronger settlement guarantees than Ripple (as well as a host of other superior properties). Banks are fighting these technologies, adopting competitors which mirror existing business practices (as opposed to making them obsolete).

I really, really hope that XRP is not adopted.

At least US government uses monetary policies for the benefit the country (not saying it is always successful, but it is trying), has some responsibility to the voters, and a whole system of checks.

Now giving all that power to a commercial corporation whose only goal is to "earn money"? Artificially creating megacors from cybepunk stories? Please no.

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