Review on XRP by James Dotson

Name: XRP
Item: XRP
Rating: 5

March 23, 2021

They will put a dent in t he world or they will fade away

XRP is a digital currency that runs on the XRP ledger. There are 100 Billion XRP in existence. There will never be any more created. About half of the XRP created are locked up in escrow until a future date when certain requirements are met. XRP is owned by Ripple, a company that looks to innovate the future of payments and reduce friction and costs associated with cross border payments to begin with and other use cases once they solve the initial problem of cross border remittances. As they move toward their goal of mass adoption there have been several obstacles in their way. Among them the U.S. Securities and Exchange Commission currently has a lawsuit filed against them for selling unregistered securities in the U.S. However that is highly debatable as 90% of XRP users reside outside of the United States. Also the status can change over time eg: in 2016 XRP may have been a security, but in 2020 XRP is a currency. Compared with two of the larger cryptocurrencies Bitcoin and Ether many feel they are being treated very unfairly as neither have come under any scrutiny by the S.E.C. On the flipside this may turn out to be very beneficial for XRP as regulation clarity will likely be made regarding cryptocurrency as a whole depending on what happens with XRP. Which will give them notoriety and global recognition. In the long term there is a very bright future for XRP which is considered much safer for the environment, unbelievably faster than Bitcoin, and Ethereum, and far less expensive. I firmly believe in a relatively short time XRP will be the crypto leader by market cap by a large margin. Looking at the problem they are trying to solve, and their technical superiority it seems highly unlikely anybody or any crypto will be able to stop Ripple from achieving its goal. Even there name is liquid so that should suggest the likeliness of their success. 
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Pros

Cross border remittances very fast & exponentially cheaper than current options. Integration with Flare finance for smart contract adoption

Cons

Difficulty with regulation & mass adoption taking much longer than anticipated. FUD with SEC lawsuit devaluing asset. Waiting for regulation clarity. half a trillion locked up in escrow, and question as to who will own all that value.