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Ripple Visa & Mastercard – keepingstock.net... Tweets from David Schwartz and Miguel Vias indicate Ripple team were surprised by XRP’s performance and growth! They are now readjusting their goals and aiming higher! If Ripple were to capture Visa or Mastercard’s transactions it could easily surpass $100! www.ThinkingCrypto.com...
Interestingly, I could not find a single number that made sense to include in this article because one source says that Mastercard was processing $5.5 trillion in transactions as of 2003 and another source (image above) says 10–years later, in 2013, Mastercard is processing $3.5 trillion — companies do not usually shrink over time, but maybe Visa or other payment processors took some Mastercard volume? I don’t know, but let’s use the $3.5 trillion figure from the image above. $3,500,000,000,000 ÷ 38,739,144,847 XRP = $90.35 XRP
originally posted by: neo96
a reply to: seasonal
No they have 4 now.
Anyone that wants to buy Ripple.
Be advised the reserve amount.
20-50. It varies.
To put that in to perspective.
If Ripple went bitcoin crazy and hit $20,000.
That's $400,000 one will never get to touch.
The XRP Ledger applies reserve requirements, in XRP, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. The goal is to constrain the growth of the ledger to match improvements in technology so that a current commodity-level machine can always fit the current ledger in RAM and the full ledger history on disk.
To submit transactions, an address must hold a minimum amount of XRP in the shared global ledger. You cannot send this XRP to other addresses. To fund a new address, you must send enough XRP to meet the reserve requirement
The current minimum reserve requirement is 20 XRP. (This is the cost of an address that owns no other objects in the ledger.)