Review on XRP by LUIS RIVERO R
Bank cryptocurrency
So far it is one of the most successful projects in its implementation in terms of financial institutions, allowing to reduce costs, in addition to making snapshots of the transaction regardless of physical barriers allowing to take bank benefits at a low cost
It currently has considerable use cases but not in financial institutions as its value was established.
Its main value is the ease of use of payments worldwide,
In general on the web you can find multiple criticisms and mostly negative, related to centralization and how the blockchain project is sold to banks something that dislikes many, despite this continues to be one of the main projects both in volume and in capitalization in addition to having the support of large capitals that have so far allowed to be one of the main criticisms in general
Pros
- Price reduction in currency exchanges as well as speed in transactions.
- It has worldwide recognized partners.
- It is possible to avoid international restrictions for payments to suppliers.
Cons
- Problems related to its actual implementation.
- Many people criticize the current centralization of the project.
- In the network you can find many criticisms disqualifying XRP.
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Comments (2)
January 17, 2020
The problem is that its use is limited. I tell you from experience, some prefer to move bitcoin they have more confidence than XRP. For example, in my country most cryptocurrency transactions are made in Bitcoin, I can say that Ripple is null
January 17, 2020
The fintech ripple has not stopped in previous years to multiply acquisitions, to develop. Ripple is the fintech which offers efficient technology (speed of transaction, security, low cost, transparency of transactions) to the old SWIFT system (slow, less secure and expensive). Despite this, xrp is struggling to gain value.
For the direction ripple does not influence the price of xrp. In my opinion xrp will not experience a real push until ownership is given to it in the ripplenet network.
