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XRP, born from an idea of Ripple and one of the most famous cryptocurrencies on the market. As an investment opportunity, XRP did not really present itself as a lucrative investment for many, although during the 2017-2018 cryptocurrency boom, XRP managed to bring healthy returns to a number of investors. Even so, for Ripple, this is not about being all and ending up all their currency; instead, XRP is less of an investment and more of an asset that has been designed to facilitate Ripple's growing technologies. The XRP is a token for cross-border payments and the transfer of money, if nothing else, its use as a resource for investment is only a secondary research.
Because of the way Ripple actually owns a large portion of XRP, Ripple's integrity has been questioned when people have started to suggest that the token should be classified as security. This is a saga still underway and currently under investigation by the United States Security and Trade Commission. Overall, it is unlikely that XRP will be registered as protection at the end, even if the threat is still there for Ripple, I guess.
A piece of opinion has been published in ZyCrypto of & # 39; Mr Oak & # 39; that discusses how XRP could be seen as a deceptive cryptocurrency:
"The recent buzz of Ripple around [XRP] has thrown its investors into another state of uncertainty, asking the question that, is the sudden rise of the digital currency, another adventure that will eventually prove hopeless as they have seen in the past. The digital currency entered the market with a bang, and the currency in a short period has accumulated a fair number of investors. His fluidity at the summit further confirmed his notion of subsequent Bitcoin. "
Why doubt XRP?
As mentioned earlier, many are losing confidence in XRP because they see this resource only from an investment point of view and, let's face it, XRP has not proved to be a big investment in 2018, apart from a few peaks of the token value:
"Many investors have doubted any currency that does not have the same traits and qualities of Bitcoin, since it is considered the father of all cryptocurrencies.XRP does not have the standard features of standard cryptocurrency and focuses a lot on making its blockchain as strong as it could Ripple is not extracted like Bitcoin and many other cryptocurrencies, which is a big problem for many crypto-investors. "
What is our take?
You should look at the piece of "Mr Oak" because it raises some interesting points. Even so, we do not believe that XRP is deceptive and frankly, Ripple has not lied to investors because there is nothing to lie about. Ripple wastes no time in telling people to buy XRP or investing money in it, but Ripple's goal is to promote its technologies between banks and the financial sector. Yes, Ripple benefits when people invest in XRP, but overall, as I said, this is secondary research and is a small part of something much bigger. A money transfer revolution that promises to be driven by Ripple and their revolutionary technologies.
