Review on XRP by RODRIGO REIS
Finally, buy or not? This depends on your philosophy and market. The union ofβ¦
Finally, buy or not? This depends on your philosophy and market. The union of banks and financial services companies such as American Express with the XRP currency will be the foundation of the future.
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Updated 5 years ago
Rating has not been changed
Among Ripple's great novelties,
the plan to start operations in Brazil, as part of a strategy to have more presence in the Latin American market.
RippleNet already has a contract with several financial institutions based in Brazil.
South America presents a great growth opportunity for Ripple, primarily for RippleNet and exRapid, tools that make it easier for financial institutions and payment providers to make international transfers.
Another positive point was that the Ripple - XRP cryptomoeda has received support from Falcon Private Bank, a major Swiss financial institution. The Falcon Private Bank blockchain is a secure, convenient, and bank - safe banking solution for blockchain assets. And the XRP currency was introduced for trading and custody. Now,Customers can buy XRP via the bank, transfer it directly to their segregated Falcon portfolios and convert it into fiduciary currency
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Despite good news, XRP continues to perform poorly among the top 10 crypto-coins. The currency can not recover the value
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Pros
- XRP known as Ripple, is a product of Ripple Labs in 2012. Ripple has always been focused on solutions for businesses and banks. The xRapid solution allows you to settle the XRP / USD, XRP / JPY and other national currencies quickly. The ledger that runs XRP is extremely efficient, if we compare with bitcoin we see a huge difference in capacity. There are several portfolios that support the XRP token.
Cons
- The worrying point is the centralization of both the tokens and the system itself, although Ripple Labs has created some solutions yet is not enough for the system to be minimally autonomous of the company.
