CloudJumper@ani.social to Technology@lemmy.worldEnglish · 5 months agoThe Rise of Digital Currencies: What It Means for Traditional Bankingwealthari.comexternal-linkmessage-square87fedilinkarrow-up1217arrow-down140
arrow-up1177arrow-down1external-linkThe Rise of Digital Currencies: What It Means for Traditional Bankingwealthari.comCloudJumper@ani.social to Technology@lemmy.worldEnglish · 5 months agomessage-square87fedilink
minus-squarepurrtastic@lemmy.nzlinkfedilinkEnglisharrow-up4arrow-down4·5 months agoXRP at least has instant feeless payments. No consumer protection though. Some banks use it for intra-bank transfers.
minus-squarezergtoshi@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down2·5 months agoXRP is fast, but neither instant (usually around 4 seconds) nor without fees: https://xrpl.org/docs/concepts/transactions/transaction-cost The cherry on top is the skewed token distribution. Thanks, but no thanks!
XRP at least has instant feeless payments. No consumer protection though. Some banks use it for intra-bank transfers.
XRP is fast, but neither instant (usually around 4 seconds) nor without fees:
https://xrpl.org/docs/concepts/transactions/transaction-cost
The cherry on top is the skewed token distribution.
Thanks, but no thanks!