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86 sats \ 2 replies \ @nichro 22 Mar \ on: How the fuck is XRP worth anything? AskSN

I read before that even if banks do use the Ripple system for cheap transfers, the XRP token itself is either irrelevant or optional to this whole process.

If this is true, then why hold XRP?

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0 sats \ 0 replies \ @elvismercury OP 23 Mar

My question exactly. And even setting aside the "cheap transfers" use case, why would you use XRP for it? Like, why?

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0 sats \ 0 replies \ @Fabs 22 Mar

Yep, A small - very small - amount of XRP is burned with each transaction, and each "player" needs to hold a bare minimum (like 10 XRP?) on their account in order to participate in the network - IIRC.

That's pretty much it.

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