Positive XRP opinions

XRP
4 of 5

2 opinions

Summary:

So far,2 of opinions have been recorded for XRP. These opinions are not investment recommendations but the community's perspective on XRP. Please do not make a purchase decision based on these XRP opinions.

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XRP opinion #1

Positive opinion by Anonymous on 25.11.2020 5 of 5

Ripple is a coin I use mainly for the fast and reliable transfer of small sums. Due to its relative centralization and low transfer fees, XRP is perfect for payments. However, you should keep an eye on the exchange rates. Since it sometimes drops over quite long periods, I don't think Ripple is really suitable as a store of value.

The crypto community has always been divided on the subject of Ripple. For some, it is an evil bankster-coin, for others it is a useful transfer currency for sending international payments. Both arguments have their merits, but the discussions about Ripple have become somewhat ridiculous. Those who do not like Ripple dont have to use it.

If Ripple manages to be used by even more banks and financial service providers, I see it as an important link between the traditional financial market and the crypto-scene.

As a exchange for Ripple I can recommend Bitfinex and Bitpanda, as a wallet I find BRD-Wallet and the Hardware-Wallet Ledger most convenient.