Review on XRP by Joseph Bello
XRP has plans to makes impacts on financial firms services
Today I will be talking about one of the top Crypto currency called XRP. It is a decentralized project which doesn't run a blockchain technology systems but rather it uses a distributed census ledger. XRP was created to make a lasting impact on two major aspect of crypto trading which are transaction fees and speed.
Investing in XRP isn't a bad idea for any investor or traders, as you get to avoid all the excessive and frivolous fees charged by most exchange with fast transaction speed ,this is the main reason why I'm investing in this project at the moment. XRP is changing the perception of central authorities such as the banks on their belief about cryptos by hastening transaction with a little and extremely small fee for flat conversions and payments which can take place in less than 6 seconds.
With the recent surge and adoption of XRP by financial firms two things are definitely prone to happen, there will be a demand for the coin & the supply of the coin will be limited and by so doing the coin will witness a good price action on its current price of $0.6 which I strongly believe would rise up to about $6, so I'm about considering making XRP a long term investment with the recent news about more banks trying to adpt the project to facilitate their payment transactions within seconds. I'm very sure I will be keeping XRP for a very long time to make huge profits/rewards on it
Pros
- Its is a good short term and long term investment for traders
- The transaction fee is low
- The project's transaction speed is fast and excellent
- The coins price will soon record a remarkable increase in value
Cons
- Being an open source project it is exposed to hackers
