@ashgoblue Can anyone clarify the 'Lending' side of Evernorth’s model?
Why borrow XRP? Why would an institution take a loan in XRP instead of borrowing dollars?
Where does the XRP go? Once borrowed, does it remain in the XRPL or is it being sold for fiat currency?
SWIFT vs. XRP: The Real Cost of Liquidity
Simple calculation
On a $10k transfer, SWIFT costs $230, and XRP would cost $50.
SWIFT: $30 + 2.0% Hidden FX charge
XRP: 0.00001 XRP (10 drops) + ~0.5% - 1.5% Liquidity Spread
$XRP #XRP#SWIFT#XRPHolders