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Question: If XRP,k the digital asset on the XRP Ledger is deemed not a security but a commodity in the U.S. and by all other government around the world, and it is used to transact at least USD $7 trillion daily in cross border payments by banks and international businesses, and it is the only digital asset used for this purpose by banks, what will be the value of each xrp?
The value of XRP will depend on various factors, including the demand for usage of XRP and the number of coins in circulation. As XRP is decentralized and the total supply of XRP is fixed, its value is highly dependent on the market forces of supply and demand. If XRP is widely adopted and used by banks and international businesses for cross border payments, its value could increase significantly. Ultimately, predicting the value of XRP is impossible as the markets are ultimately unpredictable.
Jan. 27, 2023, 6:55 a.m.
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