Ripple update: My Thoughts On XRP.
Although XRP is the digital asset of RippleNet used to move money, I don’t see a day that Ripple nor XRP will fall. There is talk about XRP being considered a security and it is currently being under review by the SEC. Logically a company would not advertise their technology aggressively and continue expansion knowing their digital asset is a risk of a different ruling. The fact that there is silence on the end of the SEC and increased activity on Ripple’s end to promote their technology and company, eludes to the possibility a decision has been rendered. Furthermore, Ryan Zagone leading the Federal Reserve Faster Payments Task Force. Ripple had a goal which was to change the system from the inside out. They have put this into motion. For the U.S. to rule otherwise would be crippling especially with huge banks around the world already adopting their technology. Behaviorly, making other countries dependent on this technology, it becomes an inelastic good (i.e. gas because you need it to get to work, go anywhere, etc.) It would not make sense to disregard the impact Ripple has made and is going to make in the financial world. I think this quiet is just the eye of the storm. All the officials in higher places are staking their claim before mass adoption happens and prices skyrocket. I could be wrong but it makes so much sense to me. Please share your thoughts! I would like to hear what you guys think.
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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