XRP Ledger Payment App Goes Live On iOS And Android
RealFi (@RealFITeam) has launched its XRP Ledger powered payment app on the Apple App Store and Google Play Store.
The rollout expands access to blockchain based payment services through mobile devices.
The move marks another real world payments use case built on the $XRP Ledger.
Let's say the DTCC or a major bank is going to transfer $10 billion worth of funds in a single second. If XRP is at $10, 1 billion XRP would need to be pulled from the pool at that exact moment to execute this transfer. However, due to simultaneous payments, you cannot instantly find such a massive amount of XRP in the market with a single order.
If you try to find it, no XRP will be left in the pool, liquidity will dry up, and a massive price slippage will occur, locking up the system. In other words, the pipeline cannot carry this load.
This is exactly why a high price for XRP is inevitable.
+ That is exactly why the current price of XRP is irrelevant to me.
I am waiting for the "FLIP THE SWITCH" moment, and until then, I am holding as much XRP as I can.
My posts are for informational purposes only.
Not a financial advice.
Everyone is responsible for themselves.
DYOR
As a Finn living next to Russia, I am concerned about geopolitical security. How resilient is the XRPL consensus mechanism against state-level interference? Could an authoritarian regime like Putin’s co-opt or disrupt the UNL/validator network to weaponize the ledger?
@JoelKatz Hi David, as XRPL is a decentralized blockchain, it is inherently permissionless. However, how do you view the ethical dilemma of authoritarian regimes, like Putin’s Russia, utilizing the network to bypass traditional systems?