1 Level
53 Review
-31.5 Karma
Review on XRP by Ana A
Centralized and controversial cryptocurrency.
It is a payment system born out of the need for a centralized currency, within that decentralized world of crypto, it is presumed. It is a digital currency whose purpose is to pay for goods and services, that is, a payment system, for the exchange of currencies. It is characterized by providing payment facilities, speed and reliability in your transactions. Ripplenet offers a larger and more advanced chain technology whose main stakeholders are financial institutions. They have the projection of being the fast option when it comes to making transactions, and mining and trading to venture into this world.
Pros
- They can be transacted all over the world and it promotes a quick and easy way to move money.
- Trustworthy, since there is a need to opt for more than one verification, which will allow greater confidence among its users.
- It is the fastest solution in relation to its competitors.
- Its large investors promote this currency and its value is low and you do not need a large amount of money to buy ripple, which has given it great stability.
Cons
- There is little use in the world, that is, it is a little used currency.
- Centralized system, there is controversy
- Owners are presumed to manage the price of the currency to control its value.
