XRP accessible currency proposal:
I was here talking to GPT, after this announcement from RIPPLE.
And something has caught my attention. The proposal of XRP is to be an accessible currency, meaning that for this to happen, it should keep its price close to traditional currencies.
And when questioning GPT, here’s what it analyzes:
Analysis Based on XRP Positioning
1. Low-Cost Proposal is Intentional
• The purpose of XRP is to enable fast international transactions, with very low fees and instant settlement.
• For this to work on a global scale (remittances, banks, fintechs, etc.), the price of the unit needs to remain accessible and stable, precisely to not hinder microtransactions or billion-dollar settlements with high volatility.
And something has caught my attention. The proposal of XRP is to be an accessible currency, meaning that for this to happen, it should keep its price close to traditional currencies.
And when questioning GPT, here’s what it analyzes:
Analysis Based on XRP Positioning
1. Low-Cost Proposal is Intentional
• The purpose of XRP is to enable fast international transactions, with very low fees and instant settlement.
• For this to work on a global scale (remittances, banks, fintechs, etc.), the price of the unit needs to remain accessible and stable, precisely to not hinder microtransactions or billion-dollar settlements with high volatility.
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XRP
2.1796
+0.43%