Review on XRP by Jeff Shaw
Ripple promising project but not xrp
XRP, the coin of Ripple is a very controversial crypto asset. The supporters of XRP believe XRP will be the crypto asset that big banks accept as the base layer for the future of money transactions. The non believers in this project (including myself) believe the project has poor leadership, lack of transparency, and appears to be flooding the market with xrp to fund operations. This does not give me positive sentiment that the token economics are positive. Active address and transaction volume have not increased significantly while other stable coins like tether have gained major adoption in the crypto space.
Pros
- fast transactions
- low transaction fees
- wall street bank support
- regulators appear to like project
Cons
- management selling xrp to fund operations
- transparency
- not open source
