FMI
Florin Mining Investment Company Ltd
stock NASDAQ

> Ripple marketed XRP as a magic settlement token that would replace nostro/vostro accounts and allow instant FX between any two currencies.
it does allow instant settlement between two currencies.
>In reality, using XRP creates more liquidity gaps because it’s volatile,
Volatility is a calculation of the spread X Time in the asset. When you drastically reduce the amount of time required in the asset, you can increase the amount of spread by the inverse of the time saved and you'd still be ahead in terms of volatility....
>XRP also isn’t actual money
Nobody claimed it is, Neither is BTC or USD.
>and banks can’t legally rely on an asset that isn’t recognized as legal tender by any central bank.
source lol. "banks dont use bonds, ETFS or IOUS" is maybe the most incorrect thing youve ever typed.
>Every major bank, FMI and payments network moved to tokenized deposits, stablecoins or direct ledger-to-ledger messaging that doesn’t require any third-party asset like xrp.
Yes they are building their owned walled gardens for internal settlements, the issue they run into is when JPM wants to transact with Santander. Walled gardens dont interoperate very well.
>So is a bridge currency that no one uses a scam?
Your definition of "no one using" is flat out incorrect, there are many such transactions on the ledger. its freaking public you could just look them up, but you choose to remain ignorant or you discredit them because of XYZ reason. You're ignorance doesnt mean you're correct.
> Not legally but economically? 100%
See above point.
>It’s a speculative token whose original use case has been replaced
You dont even have what is original use case was correct... No wonder you get everything else incorrect. its all based on ur false assumptions and lack of knowledge about the topic.
>outperformed, abandoned by banks and abandoned by Ripple itself.
lol "abandoned" by Ripple... lol again announcing you're clueless. let me guess, you're gonna say promotion of RLUSD is them abandoning it? cuse that just highlights you dont understand how to go wide with verticals.
>That’s why it’s a scam. It’s a bank themed meme coin.
So to clarify, its a scam because you misunderstand how it was supposed to be used, how it functions today, what it can be done and who is currently using it.
yeah like I said, its a "scam" because you say its a scam. not being of any actual valid reason

Heres why it’s a scam.
Ripple marketed XRP as a magic settlement token that would replace nostro/vostro accounts and allow instant FX between any two currencies. In reality, using XRP creates more liquidity gaps because it’s volatile, XRP also isn’t actual money and banks won’t rely on an asset that isn’t recognized as legal tender by any central bank.
Every major bank, FMI and payments network moved to tokenized deposits, stablecoins or direct ledger-to-ledger messaging that doesn’t require any third-party asset like xrp. Banks can now do atomic settlement with any asset or stable coin and cross chain, [like seen here.](https://www.ledgerinsights.com/citi-swift-execute-fiat-digital-currency-pvp-trial/)
So is a bridge currency that no one uses a scam? Not legally but economically? 100%. It’s a speculative token whose original use case has been replaced, outperformed, abandoned by banks and abandoned by Ripple itself. XRPLs only chance at succeeding now is through DeFi. Probably why we have Bradley going on twitter talking about “emerging defi apps” on XRPL. But it’s still a complete ghost chain used by no one.
That’s why it’s a scam. It’s a bank themed meme coin.

> Ripple marketed XRP as a magic settlement token that would replace nostro/vostro accounts and allow instant FX between any two currencies.
it does allow instant settlement between two currencies.
>In reality, using XRP creates more liquidity gaps because it’s volatile,
Volatility is a calculation of the spread X Time in the asset. When you drastically reduce the amount of time required in the asset, you can increase the amount of spread by the inverse of the time saved and you'd still be ahead in terms of volatility....
>XRP also isn’t actual money
Nobody claimed it is, Neither is BTC or USD.
>and banks can’t legally rely on an asset that isn’t recognized as legal tender by any central bank.
source lol. "banks dont use bonds, ETFS or IOUS" is maybe the most incorrect thing youve ever typed.
>Every major bank, FMI and payments network moved to tokenized deposits, stablecoins or direct ledger-to-ledger messaging that doesn’t require any third-party asset like xrp.
Yes they are building their owned walled gardens for internal settlements, the issue they run into is when JPM wants to transact with Santander. Walled gardens dont interoperate very well.
>So is a bridge currency that no one uses a scam?
Your definition of "no one using" is flat out incorrect, there are many such transactions on the ledger. its freaking public you could just look them up, but you choose to remain ignorant or you discredit them because of XYZ reason. You're ignorance doesnt mean you're correct.
> Not legally but economically? 100%
See above point.
>It’s a speculative token whose original use case has been replaced
You dont even have what is original use case was correct... No wonder you get everything else incorrect. its all based on ur false assumptions and lack of knowledge about the topic.
>outperformed, abandoned by banks and abandoned by Ripple itself.
lol "abandoned" by Ripple... lol again announcing you're clueless. let me guess, you're gonna say promotion of RLUSD is them abandoning it? cuse that just highlights you dont understand how to go wide with verticals.
>That’s why it’s a scam. It’s a bank themed meme coin.
So to clarify, its a scam because you misunderstand how it was supposed to be used, how it functions today, what it can be done and who is currently using it.
yeah like I said, its a "scam" because you say its a scam. not being of any actual valid reason

Heres why it’s a scam.
Ripple marketed XRP as a magic settlement token that would replace nostro/vostro accounts and allow instant FX between any two currencies. In reality, using XRP creates more liquidity gaps because it’s volatile, XRP also isn’t actual money and banks won’t rely on an asset that isn’t recognized as legal tender by any central bank.
Every major bank, FMI and payments network moved to tokenized deposits, stablecoins or direct ledger-to-ledger messaging that doesn’t require any third-party asset like xrp. Banks can now do atomic settlement with any asset or stable coin and cross chain, [like seen here.](https://www.ledgerinsights.com/citi-swift-execute-fiat-digital-currency-pvp-trial/)
So is a bridge currency that no one uses a scam? Not legally but economically? 100%. It’s a speculative token whose original use case has been replaced, outperformed, abandoned by banks and abandoned by Ripple itself. XRPLs only chance at succeeding now is through DeFi. Probably why we have Bradley going on twitter talking about “emerging defi apps” on XRPL. But it’s still a complete ghost chain used by no one.
That’s why it’s a scam. It’s a bank themed meme coin.