XRP is not gonna go up because it’s going to be used as a bridge currency between nations/institutions and in order to do so Ripple will have to keep a good stable price for XRP. Meaning XRP is going to become a stable coin and won’t pump too much..
rijulrock
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@manishgor55 It can be done through the XRPL platform. In simple words Ripple is what a government needs to buy in order to facilitate transactions on the XRPL platform.
The countries would have their own CBDCs listed and ripple would be the reserve for the coins that is issues to a country. Hence the price of the coin would be the same but a countries' value of ripple reserves would increase over time.
Ripple platform comprises ledger technology, issuer capabilities for minting, distribution, redemption and destruction of tokens, inter-institutional settlement and distribution functions, and end-user wallets.
Ripple is working with countries for the creation of CBDCs and stablecoin pilots. They have already started working with 8+ countries.
rijulrock
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look at it now. also there is always a story behind anything that goes up and down. Ripple's story is deep and very much fundamental.