Review on XRP by Jesmin Akter

XRP is a highly popular crypto for money transfers, thanks to inexpensive and quick money transactions. Almost every crypto exchange, however, trades the whole planet. It is therefore a favorite cryptocurrency in terms of access, trading and transfer of money for individuals.



Many global banks and corporations also favor it since it allows money transfer much cheaper and faster than conventional money transfers and it is therefore a highly valuable crypto money.



At the same time, the distinction is that although transactions occur on a blockchain the corporation may manage all the controls to provide a business' benefit, so it doesn't match the concept of a decentralized network, which is why people prefer cryptocurrencies, which is a huge drawback for me.



I believe that XRP has the bigger problem: most of it is contained in the account of its owners and lead to rapid decreases with frequent high rate sales, putting the investor in a tough short-term scenario. Those who wish to invest in modest quantities of cryptocurrency, but who could be a problem for long term investments can thus become a preferred cryptocurrency for cash flow.



Big enterprises desire quick money transfers, but I do not think long-term savings benefit from purchasing huge sums for investment objectives. I think also that the future of the SEC litigation is difficult, but it will truly make a splash for the investment in cryptocurrencies and its customers if he successfully leaves the case.