1 Level
95 Review
314.75 Karma
Review on XRP by Patejl Patejlson
XRP - great use case with downside
I am still a strong beleiver in XRP amid last development (SEC allegations as unregistred security) which dumped the price massively. For me XRP is not about coin but about its usability which is tremendeous. It has one of the best use cases. It could easily replace old SWIFT system as a efective payment solution. This is confirmed by raising number of banks and adopters. On the other hand I am quite bother with the centralized character of the project where majority of tokens is controlled by Ripple. I would like to see more decentralized character of XRP as a true decentralized means of payment. The worst thing for the project is their past CEO which is selling the XRP and dump the price as it seems he is not beleiving in it (always a bad sign).
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Pros
- great use case as a mean of payment
- fast transaction
- real usability
Cons
- centralized character
- Ripple holds the majority of XRP
- past CEO dumping price
- SEC allegations as unregistred security
