Review on XRP by Jee Ahex
Xrp leading payment network of cryptocurrencies
Ripple is known as a cryptocurrency that builds a payment and transaction system based on a database developed by the ripple company. Ripple's main goal is to connect banks, payment providers and digital asset exchanges, enabling faster global payments and cost savings.
Ripple has built its own networks including Xrp ledger, Ripple net, Xrapid, Xcurrent.
ο»Ώ
ο»Ώ
Pros
- Build own network to support payments for banks
- Good transaction speed and security mechanism suitable for international payment
- Trade on the largest exchanges
Cons
- practical applicability is not high although many banks have adopted the Ripple network, it needs more time to be able to compete with traditional rivals.
New products
Comments (1)
January 22, 2020
most of its coin supply is in constant circulation due to the payment system that banks give
