@dom_kwok@BankXRP@Wharton@Ripple Will this mean the public XRPL will be more broadly utilized as a result of this deal or is this going to be on the private XRPL again which currently does not affect price of XRP even with broad adoption?
@Vet_X0@UniverseTwenty Exactly, XRP price will grow with more fintech use cases built on top of public XRPL. More transactions using XRP as the bridge = higher XRP price
@youngsu11ivan@DigitalG15 According to https://t.co/aJJMDa8HFD, cross currency payments (where currency = token = dollar or RWA) uses XRP as the bridging currency which requires consumption of "offers". Offers = Trade orders on the DEX. So I'm thinking more demand for "offers" = higher XRP price
@youngsu11ivan@DigitalG15 Agreed, Other than all of the pending spot ETFs, one of the other price driver is greater utilisation of the public XRPL and XRP for transactions (e.g stablecoin transactions and tokenization of RWA). E.g. buying part of tokenized realestate requires a transaction using XRP.
@youngsu11ivan@DigitalG15 As far as I know, the ripple CDBC platform does not use XRP tokens, but it does use a private version of the XRP ledger specially designed for the banks.
@cryptopaul People use the term XRP because that's all they know. XRP is the native token on the XRPLedger, Ripplenet (underpinned by XRPL) is the branding of institutional service Ripple offers. Ripplenet is ISO20022 compliant because it can take bank language for cross broader transaction
@UniverseTwenty SEC approval, more ETF, more cross border payments use, more RWA tokenization will drive up more XRP demand and liquidity. It's a long road, but the future is bright.
@RandomCryptoPal Not impossible if XRPL's ODL is used more widely by the banks for cross border payments that requires XRP as a bridging currency (e.g. autobridging).