BANKS ADOPTING XRP FOR CROSS BORDER PAYMENTS WILL DRIVE UP ITS PRICE
THE RIPPLE DEMO REVEALS TWO WAYS BANKS COULD SOURCE XRP FOR SETTLEMENT
BANKS COULD EITHER HOLD THE ASSET DIRECTLY OR OBTAIN IT THROUGH CRYPTOCURRENCY EXCHANGES WHEN NEEDED
IN THE FIRST SCENARIO BANKS WOULD ACCUMULATE XRP FOR THEIR PAYMENT OPERATIONS
IN THE SECOND THEY WOULD SOURCE XRP FROM THE MARKET AS REQUIRED
EITHER APPROACH WOULD INCREASE DEMAND FOR XRP AS THE NETWORK EXPANDS
BANKS COULD INCREASE THEIR PAYMENT VOLUME AND REACH WITHOUT ESTABLISHING ADDITIONAL DIRECT LIQUIDITY RELATIONSHIPS IN EVERY MARKET
XRP DAILY AVERAGE TRADING VOLUME IS HIGHER THAN THAT OF MANY EXOTIC CURRENCIES
THIS LIQUIDITY COULD MAKE XRP SUITABLE FOR PAYMENTS INVOLVING LESS LIQUID CURRENCY CORRIDORS
XRP WOULD FUNCTION AS AN ON DEMAND LIQUIDITY POOL THAT BANKS COULD ACCESS WHEN SETTLING PAYMENTS
MORE NETWORK ACTIVITY WOULD CREATE MORE PRESSURE ON AVAILABLE SUPPLY
⚡️ $XRP
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