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RE: Banks Don't Want Ripple's $80 Billion of Digital Money - Bloomberg

in #ripple • 7 years ago

I#m not a friend of Ripple because of its centralization. But when you look at their website you see much more transactions, what tells me it is much used .

7 years ago in #ripple by
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     7 years ago  

    I'll paste my comment from below:

    There are three separate metrics that XRPCharts show. The one that is called "Transactions" on BitInfoCharts and the charts page of XRPCharts, are exchange trades. As in, trades happening on the various exchanges (Binance, Bitfinex etc. for XRP). They have nothing to do with the Ripple Ledger.

    The two other charts with much lower volume are on the Ledger, Ledger Trade Volume and Ledger Payment Volume. Bloomberg investigated these (I did myself as well a few weeks ago and reached the same conclusion) and found that they are almost entirely test transactions, with virtually 0 real transactions. You can dig into them yourself on XRPCharts, although working out what the transactions that aren't labeled "test" are, which is most of them, takes more work.

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