Review on XRP by Kamelia situ
XRP
XRP is built for banks and international money transfer. ripple is still a long way from Bitcoin or ethereum, but because of its low price, more people are interested in it.
XRP digital currency has been accepted by banks and other financial institutions, and these companies believe that the ripple system can offer better prices and more security than other digital currencies.
This currency allows its users to send, receive and store ripple currency in a decentralized manner by the ripple network. The company has a positive cash flow and has saved a large amount of XRP, which enters the market from time to time.
But the main advantage of ripple for banks is its liquidity.
The liquidity needed by banks today is provided by the cash flow that people bring to banks. But there is a belief that such a model is by no means efficient. You can use digital assets to increase liquidity, and ripple specifically has this position.
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Pros
- Possibility of liquidity in banks
Cons
- The network is controlled by Ripple and people do not manage it
