XRP, the cryptocurrency developed by Ripple, has been one of the most talked-about cryptos out there. Its users believe it to be the next big thing in the market. But is this really the case? In this article, we will reveal the cold truth about XRP and its potential.
– XRP is not decentralized: Unlike Bitcoin and Ethereum, which run on decentralized networks, XRP is centralized. A majority of XRP is held by Ripple, the company that created it. This puts XRP at risk of manipulation and control by a centralized authority.
– XRP’s use cases are limited: Ripple marketed XRP as a means to improve cross-border payments. However, XRP’s current use cases are limited to a handful of banks and financial institutions. This limits the currency’s growth potential and could hinder its long-term success.
– XRP faces regulatory uncertainty: Ripple is currently facing a lawsuit from the Securities and Exchange Commission (SEC) over allegations that XRP is a security. This regulatory uncertainty could lead to volatility in XRP’s price and could ultimately harm the currency’s value.
Is the cold truth about xrp first off Ripple and xrp are not the same Ripple is the company developing global payment technology which has hundreds of financial institutions as clients however these clients don’t have to hold xrp they can also use other currencies because the xrp is only one of the
Currencies used to settle global payment xrp Ledger or xrpo is a public blockchain separate from Ripple and xrp is the native coin on this blockchain Ripple clients also don’t have to use this the bad about xrp is centralization Ripple owns 55 billion SRT or 55 of the
Supply it’s held in an escrow and one percent gets released every month since 2018. to their credit Ripple has been re-locking most of the xrp released instead of one percent only 0.2 percent gets out monthly the ugly part is the xrp army they are crazy and will attack
Anyone who doesn’t praise xrp as the one true coin let’s face it xrp will not hit a hundred dollars and where will it become the world Reserve currency realistic Target is maybe a 10x in the next Bull Run Stop spreading misinformation but also give xrp the credit it is