A member of the XRP community recently argued that XRP is more than just a cryptocurrency. He believes XRP is key to solving issues in the global payments system.
Traditional international money transfers are slow and expensive, taking days to settle and costing up to $35. XRP, through Ripple’s On-Demand Liquidity (ODL), can make these transactions happen in seconds, saving time and money.
The expert claims XRP is not just another token but plays a vital role in real-world financial transactions. While some banks use ODL without XRP, the system often relies on XRP to speed up transfers.
As more financial institutions use ODL, demand for XRP could increase, possibly boosting its price. However, some argue that ODL doesn’t affect XRP’s price directly. The debate continues within the XRP community.
Disclaimer: This is not financial advice. Always do your own research before investing.
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