Review on XRP by Farhad Muradov
XRP is the future in cross-boarding transcations
The XRP is one of the fundamental projects in crypto industry. It has it's own blockchain and team works on it. However it has some problems with the SEC, which I think will be solved soon. If not, Ripple can leave America, and there are some countries such as Japan, Singapore and etc. where XRP's office could be located. I hope XRP will win and it will impact on all digital currency industry. The next step would be the new regulations added to the country law's, and the only strong projects will stay alive, the XRP is one of them. The main sector for XRP is cross-boarding transactions and it has many deals with whale companies and banks. The cheap fees and fast transactions helps them to be the first in the sector. Just imagine that it takes some second to millions of dollars to be transfered even for long distances, with just 0.30$ fee, there is no any bank offers you that.
Soon XRP will add smartcontract on it's blockchain. Which will impact on the XRP's price as it was with, Ethereum and Binance Coin. After adding smartcontract price will raise for 5-10 may be 20 times.
After a big dump, XRP had a lot of haters, but now new investors believe in this project and if you check XRP scan, you will see the HODLers wallets. The main part of max supply of XRP in owners portfolio, and it can make you be afraid, but the last interview by the CEO was about the burning of the half of the max supply. If it happens the only 500 billions of XRP will be in circulating. Want to add that after each transcation on XRP blockchain there is burning of it's coin too, that means that the as much transactions we make, as less coins will be left.
Do not miss your chance to be reach, HODL XRP. Not Financial Advice!!!
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Pros
- Fast Transactions
- Low fees
Cons
- The SEC regulations
