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ChatGPT and Grok AI Identify Ideal XRP Prices for Banks to Use XRP for ODL
The post ChatGPT and Grok AI Identify Ideal XRP Prices for Banks to Use XRP for ODL appeared on BitcoinEthereumNews.com. AI chatbots ChatGPT and Grok AI point out what they believe could be the ideal XRP prices for when banks decide to mass adopt XRP for ODL. Notably, XRP, often called “the banker’s coin,” has been at the center of discussions around crypto’s potential to improve cross-border transactions. XRP boasts lower fees, greater security and higher speed, making it ideal for this utility. XRP Ideal Choice for Cross-Border Transactions As a result, blockchain payment firm Ripple already leverages XRP as a bridge currency for its On-Demand Liquidity (ODL) solution (now Ripple Payments). Despite this, some argue that banks and financial institutions could mass adopt XRP for cross-border payments with proper regulations in place. However, questions about XRP’s ideal price for such large-scale adoption have emerged. Ripple’s Chief Technology Officer, David Schwartz, emphasized in 2017 that XRP cannot be “dirt cheap,” noting how a higher priced XRP would be more convenient for moving large volumes of funds. It *can’t* be dirt cheap. That doesn’t make any sense. If XRP costs $1, they’d need a million XRP which would cost $1 million. If XRP cost a million dollars, they’d need one XRP which would, again, cost $1 million. 1/2 — David “JoelKatz” Schwartz (@JoelKatz) November 20, 2017 For instance, at XRP’s current price of $2.45, moving $100 million would require 40.8 million XRP. However, if XRP traded for $50, only 2 million tokens would be necessary. This illustrates the benefits of a higher valuation for mass adoption, but just how high XRP needs to rise remains a contentious topic. While some say a $10,000 price is sufficient, AI chatbot Grok, in response to a question from the Common Sense Crypto account, stressed that XRP’s price needs to strike a balance. Grok AI and ChatGPT Set Ideal XRP Price Grok said the price should…
The post ChatGPT and Grok AI Identify Ideal XRP Prices for Banks to Use XRP for ODL appeared on BitcoinEthereumNews.com.
AI chatbots ChatGPT and Grok AI point out what they believe could be the ideal XRP prices for when banks decide to mass adopt XRP for ODL. Notably, XRP, often called “the banker’s coin,” has been at the center of discussions around crypto’s potential to improve cross-border transactions. XRP boasts lower fees, greater security and higher speed, making it ideal for this utility. XRP Ideal Choice for Cross-Border Transactions As a result, blockchain payment firm Ripple already leverages XRP as a bridge currency for its On-Demand Liquidity (ODL) solution (now Ripple Payments). Despite this, some argue that banks and financial institutions could mass adopt XRP for cross-border payments with proper regulations in place. However, questions about XRP’s ideal price for such large-scale adoption have emerged. Ripple’s Chief Technology Officer, David Schwartz, emphasized in 2017 that XRP cannot be “dirt cheap,” noting how a higher priced XRP would be more convenient for moving large volumes of funds. It *can’t* be dirt cheap. That doesn’t make any sense. If XRP costs $1, they’d need a million XRP which would cost $1 million. If XRP cost a million dollars, they’d need one XRP which would, again, cost $1 million. 1/2 — David “JoelKatz” Schwartz (@JoelKatz) November 20, 2017 For instance, at XRP’s current price of $2.45, moving $100 million would require 40.8 million XRP. However, if XRP traded for $50, only 2 million tokens would be necessary. This illustrates the benefits of a higher valuation for mass adoption, but just how high XRP needs to rise remains a contentious topic. While some say a $10,000 price is sufficient, AI chatbot Grok, in response to a question from the Common Sense Crypto account, stressed that XRP’s price needs to strike a balance. Grok AI and ChatGPT Set Ideal XRP Price Grok said the price should…
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