Ripple update: Adopting XRP
Hey guys. Just wanted to hear your thoughts and have a discussion on the following. Now I’m not an economist or any professional of the sort. But I think that there needs to be regulation on coins and reduction of volatility. For example lets say XRP is more accepted and I’m paying for a Coca Cola drink. I won’t want to pay 10 xrp today and then 20 xrp tomorrow. There has to be some control of how the value of the currency behaves.
Now everyone seems to think that a private company controls XRP. Even though it does not, people have a problem with it. However for years, the Federal Reserve has been controlling the USD and other Central Banks have been doing the same with their currency. There are reasons why countries inflate or deflate their currency. Now since XRP is not being made the way the dollar is printed, based on the demand and supply, there has to be proper valuation of XRP.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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