Can Ripple (XRP) Make Money??
Given these points, speculators should watch closely to see how central banks react to Ripple. Ultimately, Ripple’s fate is in the central banks’ hands. If central banks accept it; Ripple can become the most valuable cryptocurrency around.
Consequently, a central bank could increase Ripple’s value by using it. Conversely, a central bank could destroy Ripple (XRP) by banning or suppressing it.
Ripple is interested in remittances because they are big business. The World Bank calculates that people sent $613 worth of remittances in 2017. Significantly, the volume of remittances grew from $573 billion in 2016 to $613 billion in 2017.
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