Review on XRP by Jesmin Akter
XRP is the earliest cryptocurrency ever to be found.
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.
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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.
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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.
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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.
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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.
- Transfer of money quickly and cheaply.
- Large investors like businesses and banks preferred.
- Traded in all major markets, easy to access.
- There is behind it an active and professional business.
- A huge number of proceedings are faced.
