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Some Ripple insights - Printable Version

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RE: Some Ripple insights - Carsten - 2019-10-13

(2019-10-12, 03:26 PM)Hugues Wrote: Binance Adds XRP-Pegged Token to Its Decentralized Exchange

What is a pegged token?


RE: Some Ripple insights - Hugues - 2019-10-13

A currency peg is when a country maintains its currency's value at a fixed exchange rate to the currency of another country. The country's central bank controls the value of its currency so that it rises and falls along with that other country. I remember long time ago the Belgian franc was megged to the deutch mark. So when deutch mark changed de belgian franc changed with it.
Nowadays several currencies are pegged to the US dollar.

So in this case this the XRP-BF2 is pegged to XRP. So if XRP goes up by 10% than XRP-BF2 goes up by 10%.


RE: Some Ripple insights - Carsten - 2019-10-13

(2019-10-13, 11:37 AM)Hugues Wrote: A currency peg is when a country maintains its currency's value at a fixed exchange rate to the currency of another country. The country's central bank controls the value of its currency so that it rises and falls along with that other country. I remember long time ago the Belgian franc was megged to the deutch mark. So when deutch mark changed de belgian franc changed with it.
Nowadays several currencies are pegged to the US dollar.

So in this case this the XRP-BF2 is pegged to XRP. So if XRP goes up by 10% than XRP-BF2 goes up by 10%.

Thanks!


RE: Some Ripple insights - Hugues - 2019-10-21

The Second Largest Bank In The US Is Adopting Ripple’s Technology – What Does This Mean?


RE: Some Ripple insights - Carsten - 2019-10-21

good but it doesn't seem to affect the xrp price.


RE: Some Ripple insights - Hugues - 2019-10-27

MoneyGram Pushing to Launch Ripple’s XRP-Powered Cross-Border Payments Platform Worldwide


RE: Some Ripple insights - Carsten - 2019-10-27

Ripple Ripple and Ripple. A lot of good news for the company. It must soon be reflected in the xrp price.


RE: Some Ripple insights - Hugues - 2019-10-27

(2019-10-27, 04:30 PM)Carsten Wrote: Ripple Ripple and Ripple. A lot of good news for the company. It must soon be reflected in the xrp price.

$5 within 6 months?
I see it happen.


RE: Some Ripple insights - Carsten - 2019-10-27

Yes, and than $50 in a year.


RE: Some Ripple insights - Cell - 2019-10-28

Wow... I hope you are right... I still have plenty of this dying somewhere inside a wallet...