That was the only one that I really had any interest in. Mainly because it's not an actual cryptocurrency like the others. It's an international money exchange for banks where they can convert say dollars to euros quickly rather than taking days. While I see the possibility, what I also see is a level of greed by it's owners that is hard to digest. I thought about tossing a small bit of mad money at when it was around $1.30, but the exchange is having trouble validating accounts in a timely fashion.
I may just skip it now that the world has started talking about it. I heard the banking industry isn't even really considering it. Most likely, banks would more likely create a competing tool that *they* own. I mean, why wouldn't you? You don't give away billions is possible profit for free when you can just clone a simple idea.
Too risky when it can be replaced by the banking industry in short order.
You started off strong in this post then floundered.
If you're thinking of levels of greed by the owners, then you're thinking of Stellar/XLM and Jed "Crook" McCaleb.
The main stakeholder in XRP is the other co-creator, Chris Larsen. Chris announced he is going to donate 7 billion xrp. How can you be at some level of greed when you're donating your money? lol.
And, the banking industry is considering it. Over 100 banks are signed on including power houses like American Express, SBI and UBS.
Why would a bank use it? Because proprietary tools dont get adopted well. Wendy's has a pay app. Is walmart going to adopt a Wendy's pay app or say, apple pay? They arent going to adopt 500 proprietary pay apps, they pick the mainstream one to do business with because of adoption. Same with banks. They arent going to want to front the capital to develop their own proprietary system and then have to go try and convince every one of the millions of people they do with to front capital to adopt their proprietary system.
