Review on XRP by Amit Singh
A real-time gross settlement system.
I feel that Ripple is a bit of a big business manipulator for crypto currency control. They have Ripple, you have Bitcoin. They want bitcoin to make money and control the market. However, they do not want to pay the market price of Bitcoin. So how perfect. You trade your bitcoins for XRP to them, and in the end XRP is spread at a low price and serious. They now have all the bitcoins and you have a ripple that is not too expensive.
I have some XRPs but I am not the same as everyone else. Just be careful about what’s happening in crypto and the financial suite of the world.
Pros
- It is afordable and will tend to be a more stable value wise coin, since there are so many available and the owners have banked a way more than 50% of the total amount of coins.
- Due to the expected stability, XRP will be used more and more as a medium of transactions, with large companies like Amazon considering the use of XRP as a medium of purchase.
- Transaction faster than other coins, then resumed when Bitcoin traded faster. So time will tell if this will be true.
Cons
- XRP is heavily supported by large businesses and banks. So the price is low enough to afford it but not high enough to make a ton of money unless you already make a big investment.
