How XRP is seriously underestimated at this time and some SEC shortcomings



The months of July and August of this year could go into the brief history of the crypto, being one of the most insecure periods due to announcements from the ETF and other regulatory deadlines around the world. As a result of all the FUD, the entire cryptography market is a shell of its past during the high season of December and January, when total capitalization was $ 827 billion compared to the current $ 210 billion. At the time, XRP was reaching the stars and had gathered for $ 3.82 waiting for Coinbase to add it to the trading platform.

SEC Scrutiny and his flaws [13659003] of the XRP But this would not happen mainly because of what many believe is SEC control if XRP is a title or not. This last authority has chosen to keep Mum on XRP although the XRP community has an interesting theory that the SEC has never questioned that Bitcoin (BTC) and Ethereum (ETH) are not titles. The officials of the authority simply expressed their opinion. Therefore, they do not yet have rules to regulate cryptocurrencies and in this sense, XRP completely clear from any error.

An XRP member sent an e-mail to the SEC and obtained the following statement as part of the response, further demonstrating the above theory:

It seems that you could refer to recent public statements made by some SEC employees about issues related to cryptocurrency …

As you may know, the observations of Director Hineman [about Ethereum] included a disclaimer: The Securities and Exchange Commission declines any responsibility for any publication or private declaration of any employee or commissioner of the SEC.

Serious underestimation

Looking at Ripple's recent partnership and the three exchanges of Bittrex, Bitso and Coins.ph to facilitate xRapid operations in the United States, Mexico and the Philippines, we understand the utility of XRP. This means that once xRapid is 100% functional, traditional remittance transactions that lasted 2 to 3 days will now be adjusted in 2 minutes thanks to the digital asset that will be used to generate instant liquidity. Bittrex even went ahead and listed the XRP / USD pairs.

There are also recent comments from Weiss Ratings that XRP is the fastest digital resource for transferring funds between exchanges. This realization led the XRP community to petition Binance, via twitter, to list XRP as the base currency on the exchange.

SBI Holdings and VCTRADE

Crossing the Pacific Ocean in Japan, we find out that the SBI Holdings Company has been a Ripple partner for over 2 years. The same company has recently launched the VCTRADE exchange which is focused on XRP.

SBI has taken a further step forward and invested in North American companies in Canada and the United States.

In the United States, the company has invested in the Clear Company of markets based in North Carolina and plans to create a derivatives trading that allows to link institutional investment products at the price of Bitcoin and most likely our favorite XRP digital asset. In Canada, SBI has invested in Lancium Technologies, which supplies wind energy to monetary cryptocurrency activities.

In conclusion the events, developments and technological advances that make XRP great are more than we can discuss in an article like this. But with the few data above, we can understand that digital activity is seriously underestimated at current levels of $ 0.32. Perhaps when the aftermath of the ETF drunks will stabilize and regulatory uncertainty around the world, XRP will reach its full potential in the crypto markets.

Disclaimer: this article does not intend to provide financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.


Source link