Review on XRP by toan van
Ripple is payment support platform for banks and Bitcoin
Ripple is the leading cryptocurrency by market capitalization after Btc and ETH. It has a total supply of 99 billion and circulation of more than 43 billion, it has been listed and traded on all major exchanges.
Riple was built by open coin company consisting of experienced leaders in the market as well as know how Bitcoin works. The goal of the riple is to support Bitcoin coins or currencies to be transferred seamlessly
Riple is also involved by many large organizations and banks and invests in its network
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Pros
- fast transaction processing speed with low fees
- The platform is supported and used by many major banks
- Supported by exchanges
Cons
- As a payment support platform for banks, xrp needs to seek the approval of banks otherwise it will not be possible.
- xrp's decentralization is also a question mark when it is linked to centralized organizations such as banks
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Comments (2)
January 21, 2020
In the case of using a digital asset, a whitepaper is longer than the potential for a new network. The ecosystem of XRP applications, businesses, tools and developers is widespread and growing and banks and remittance processors have begun to use it more and more.
January 21, 2020
You could say that a large part of the volume that is generated comes from the movements generated by the banks, in addition to considering the stable price that little fluctuates
