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[aryan4]

Cryptocurrency platform SBI VC Trade, a subsidiary of Japan-based financial services company SBI Holdings, announced today that it will allow its customers to earn interest on their XRP. it is reported that only 0.1 percent annual return will be given.
Do you think such a decision could be considered as a boost to XRP, as the earnings are almost nonexistent?

 

[aryan4]

I do not perceive their decision negatively, but I think everyone will agree that this interest rate is low. I hope this decision will be a kind of morale as many institutions are removing the XRP token from their stock market lists.

 

[sagefave]

0.1% annually is the world's lowest interest rate I have come across ever. Although it will be a profit despite a very low one, I do not think the rate will encourage more people to saving or holding their ripple.

 

[achawaskey]

It will definitely a bit confidence to xrp and also send a signal that the crypto is still trading at the market. I think now is the time to stock pile xrp because I see the prise rising in no distant time.

 

[Brain]

0.1% annually is the world's lowest interest rate I have come across ever. Although it will be a profit despite a very low one, I do not think the rate will encourage more people to saving or holding their ripple.

Yeah the interest is really on the low side but it still better than nothing. But as you rightly stated I doubt this will urge people enough to save or invest in ripple

 

[sagefave]

Yeah the interest is really on the low side but it still better than nothing. But as you rightly stated I doubt this will urge people enough to save or invest in ripple

A conventional interest rate for savings is usually 4% and even at that it will take approximately eighteen years for the saved amount to reach 100% profit. I don't think what they're offering as interest for storing ripple is fair.

 

[Wisdom01]

Majority would prefer the coin been added to the interest system ,because people would save the coin in the platform and it would help the price

 

[highspeed]

Well, currently it looks like 1 XRP is worth about half a dollar. So I believe, in my opinion, that only 0.1%, is therefore a very low profit, for customers of that company.

 

[Wisdom01]

Well, currently it looks like 1 XRP is worth about half a dollar. So I believe, in my opinion, that only 0.1%, is therefore a very low profit, for customers of that company.

It depends on your investment ,if you Invest more money you would actually earn more than 1 xrp , because your interest receivables would be high

 

[highspeed]

It depends on your investment ,if you Invest more money you would actually earn more than 1 xrp , because your interest receivables would be high

I agree with your reasoning, but nevertheless it is necessary to keep in mind in the future what the XRP trend will be over time.

 

[Wisdom01]

I agree with your reasoning, but nevertheless it is necessary to keep in mind in the future what the XRP trend will be over time.

The future is unpredictable, that is why a lot of people are skeptical , but don't worry just invest in the coin , when the price of the coin rises you make more profit

 

[highspeed]

%0.1 could be low , but many people value that amount , because as far as you don't have issues investing in getting profit then no problem.

Well, according to my point of view, it is also possible for many more people to be able to have entire XRPs, more easily, given the much lower price than Bitcoin. To say: half a dollar, almost everyone should own it, but 60K $, well .... definitely more difficult.

 

[highspeed]

The future is unpredictable, that is why a lot of people are skeptical , but don't worry just invest in the coin , when the price of the coin rises you make more profit

I'm sorry, this company has its headquarters in Japan, here I read that it allows its customers. So, you mean customers could be investors from all over the world, or is it only allowed employees of the same company?

 

[highspeed]

I know that but the few ones who owns high amount of xrp would benefit a lot owning such high amount of xrp. , its a big benefit for them

Indeed, my friend. Although the best known cryptocurrency is Bitcoin, however, there are in the world big capitalists / industrialists, who own large quantities of other "competing" cryptocurrencies such as XRP.

 

[highspeed]

Those capitalist are not popular and i haven't seen any of the influencers saying they have huge amount of ripple , the only one are investing in bitcoin

Well, actually the big capitalist investors don't expose themselves. Only, that I know about Elon Musk the Tesla's product architect, who made investments in Bitcoin.

 

[SCAMEXPOSER]

There are some big silent whales that are not active on social media Investing heavily on these coins to make their money. The interest rate might be small but the fact something is added could boost people moral to Invest in the coin.

 

[highspeed]

There are some big silent whales that are not active on social media Investing heavily on these coins to make their money. The interest rate might be small but the fact something is added could boost people moral to Invest in the coin.

Yes, Indeed. You know, many people who have money often keep "in secret". Furthermore, the low cost of the cryptocurrency in question facilitates potential customers to buy.

 

[highspeed]

That is the reason i said they are unpopular , but in bitcoin you see them showing themselves most likely telsa and micro strategy , i wish those rippe capitalist could do same thing for ripple

Yes and perhaps this also explains why at the moment, still no other cryptocurrency can only get close to the high value of Bitcoin.
But in my opinion slowly, every crypto will be considered for trading of large and small capitals.

 

[sh199]

It's a great decision for the users of SBI. Opened a new door to earn interest from lending XRP. But the minimal amount is 1000 XRP which worth now around 800$.

 

[highspeed]

They may try to get closer but any particular step they take , bitcoin keeps giving them distance that is the problem or issue in that state.

That is, if I understand correctly, you mean that, despite other cryptocurrencies also gaining value, the same thing does the same Bitcoin. For this reason, there will never be a near-parity in value even in the future. Am I right?