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I rarely use the word ShitCoin... but XRP... Why?
What bank would want to set up their over-the-counter business with a volatile token?
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@PowerWordChill It's more about an opportunity to make a trade instead of investing for the long term. It's something for the gambling portfolio.
I agree with you in the long term. However, as is the case in the crypto world, the coin doesn't always need a functioning business case 😉
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@PowerWordChill There are several banks that work with Ripple for international transfers and thus also generate volume in XRP. Ripple is also currently working on partnerships for a stable coin. So it may not be the most exciting crypto project, but the potential is there.
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@PowerWordChill More than 200 banks and payment service providers have partnered with Ripple
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@IndexInvestorX In this context, partner means it was once tested... Or?
Which banks actually use this on a daily basis?
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@PowerWordChill A colleague who works with various banks once told me that the Ripple network is already being used by many banks. But I can't tell you any more than that. It remains speculation, of course.
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@IndexInvestorX I worked in the IT department of an Austrian bank and if I had told them about XRP they would have
A wouldn't have known what it was
And
B I would probably have had to take a drug test after explaining it to them 🤣
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@PowerWordChill Austria is not considered a pioneer in introducing advanced technology.

Asian banks, for example, are ahead of EU banks in many ways.
Familiarize yourself with SBI Asia.
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@PowerWordChill Well, here in Austria we live by the motto: That's how we've always done it, and that's that. After that we would still light a fire with a wooden stick...



... Austria, that is.