Review on XRP by Olugbenga Ajayi
XRP is bankers friend
XRP is a very good project, widely adopted and highly rated. It is ranked third in market capitalization after bitcoin and ethereum.
It is known for creating solution for financial institutions. Such financial solution include payment settlement, asset exchange and remmitance system.
Some features about XRP are:
1. It makes use of distributed consensus mechanism and it enables very fast and immediate confirmation.
2. It uses less energy in operation
3.All it's coin are premined
The primary use of XRP is to facilitate the transfer of assets through a growing number of merchants also accept it for payment. It is an open payment system which allow people to break free from paying unnecessary fees and other banking issues inherent to traditional financial institution.
Pros
- Users enjoy faster service
- No delay in transaction confirmation
- Low transaction fees
Cons
- It figure on its trading platform is questionable
New products
Comments (1)
June 05, 2020
XRP is a platform that provide solution to financial institution. The solution include Assets Exchange, payment and receiving settlement. It also facilitate Assets transfer through a growing number of Marchant that accept it for payment.
