Review on XRP by ismail karasahin
The choice of big investors, but how about the long term?
Thanks to cheap and fast money transfer, it is a highly preferred crypto money for money transfer. However, the whole world is traded in almost all crypto money exchanges. Therefore, it is a preferred crypto currency in terms of reach, trading and money transfer in terms of people.
It is also preferred by many international banks and companies because it provides much cheaper and faster money transfer than traditional money transfer, and therefore it is a very valuable crypto money.
At the same time, the difference from other crypto money projects is that even if transactions are made on the blockchain, all controls can be controlled by the company with the aim of providing profit for a company, so it does not fit the definition of decentralized network, which is the reason people prefer cryptocurrencies, which is a big disadvantage for me.
I think the biggest problem for this crypto money is that most of it is locked in the account of the company that owns it, and it causes sharp declines with frequent sales at large rates, which puts the investor in a difficult situation in the short term.
As a result, this crypto currency can be a preferred crypto currency for money transfer for normal users and those who want to invest in small amounts of crypto money, but may pose a problem for long-term investment.
Big companies prefer it for fast money transfer, but I think it is not very beneficial for long-term savings by buying large amounts for investment purposes.
I also think that the future with the lawsuit filed by the SEC is troublesome, but if he successfully exits the case, this will really shine for the cryptocurrency investor and its users.
Pros
- Cheap and fast money transfer
- Preferred by big investors such as companies and banks
- Easy to reach, traded on all major exchanges
- There is a professional and active company behind it
Cons
- A cryptocurrency that doesn't meet the decentralized definition
- The locked part is constantly sold, which is reflected in its value.
- Facing large amount of lawsuits
New products
Comments (1)
January 09, 2021
Although I cannot fully solve the increase and decrease of its value these days, it is always preferred because it is very cheap and very fast in transfers, I hope it solves the problem with SEC as soon as possible and returns to its old days.
