Thread by @WietseWind

(Thread) I just noticed some people are expecting a positive effect on the $XRP USD price when our #XUMM app & signing platform launch.

I would like to temper those expectations. (1/...)

Yes: I *do* believe what we are building is going to be *one of the many* things that potentially help grow the ecosystem, utility, use cases, etc. *BUT*, people expect #XUMM to "do something for the price". Like: immediately. A big bang. (2/...)

When it comes to XUMM, I can ensure you there will not be a big bang. People will install, setup, try, ... and keep on holding. Meanwhile we will work on updates, licenses and dev. & recipient & partner implementations so there are actually places to pay using XUMM. (3/...)

That's when the (consumer + XRPL) chicken/egg problem is potentially solved: people can pay, and people can be paid using the XRPL. That doesn't have any effect on the price at first (except if it's speculation, which is bad imo). (4/...)

Then, bit by bit, if everything goes the right way: slowly growing amount of users, payments, DEX exchanges, liquidity, ... and THEN it may just have an effect. But it will be almost impossible to trace it back to XUMM: it's simply more usage, more liquidity, more demand. (5/...)

So. I guess the keywords are: patience & keep on building! @threadreaderapp unroll