Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: PRIBO247 on November 29, 2018, 10:50:48 PM
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Experts are beginning to doubt the value of Ripple XRP as a
cryptocurrency. Their argument is based on the fact that Ripple
xRapid shared ledger, enables banks to transfer funds in both
fiat and other cryptocurrencies.
Ripple XRP does not serve as a basic currency that supports
the use of xRapid , but stands alone just like any other crypto
or fiat. They believe that XRP was made to be the main
currency for Ripple’s decentralized tools but it does not
function that way. The digital currency is rather used by Ripple
and its owner as a money making tool.
Another reason why a lot of doubt has been generated about
the value of Ripple XRP is the rate at which the currency can
be transferred from a wallet account to another.
According to a tweet which tagged XRP a scam, about a billion
dollars was moved from one crypto wallet to another as shown
on Bithumb Exchange.
The aim of overloading the Ripple network is to hinder the
quick processing of the original transactions.
Another issue mentioned affecting the value of Ripple’s XRP is
how much XRP could be moved for a little amount of dollar.
The quantity of XRP purchased by banks does not add more
value to the currency.
XRP is also maintained and examined by a single company,
Ripple Inc. it is not only affected by market issues but also
internal issues that can arise between the company and its
shareholders.
Despite all the doubts and speculation on the value of XRP, it
still stands a good chance to survive and thrive among other
digital currencies.
Ripple’s decentralized financial tools are all available to be
utilized to power up Ripple network.
Source : https://zycrypto.com