Just the other day, the OMC (World Trade Organization) has named Ripple as a company capable of revolutionizing international trade, and current developments seem to be in line with that important assessment. Some people even get excited like Microsoft from cryptos. When xRapid went live, it created some ripples in the market, but it is XPring that could also bring the situation.
Is XRP really decentralized?
In recent times, there have been some arguments from some circles within the crypto community that XRP is not entirely decentralized because of its ties to Ripple, the company, and its efforts. in creating roads in the banking sector. Currently, leading banks and corporate institutions around the world use RippleNet from Ripple, a blockchain-based network that allows banks to send money across borders faster and more securely using XRP as their base currency. This use of a cryptocurrency by traditional banks is one of the reasons why critics argue that XRP is not purely decentralized.
However, society has taken enormous steps to dispel these reserves and paint the crypt in a better light. For beginners, Ripple made it clear that XRP (the cryptocurrency) and Ripple (the company) are two completely different entities and that Ripple has no control over XRP. This statement fits well with Ripple's argument that XRP is an entirely decentralized cryptocurrency just like others like Bitcoin. After all, this is what Satoshi Nakamoto envisioned when he created the first cryptographic network (Bitcoin).
Presentation of XPring
The launch of XPring in May could support XRP as a decentralized cryptocurrency and root its mass adoption. Basically, XPring is a project that supports innovative blockchain-based initiatives that determine the XRP in various use cases. Although the introduction of xRapid and xCurrent has enhanced the adoption of XRP by banks and other financial institutions, XPring is set to load the playing field by actively promoting mass adoption of encrypted ones.
XPring is already doing waves, with various products already on the market. These include Coil, Bot Punta XRP, Projects SB, Omni and Capital Blockchain. These products are intended to help people in various economic sectors to monetize their hustle and bustle. For example, Coil allows Internet users to donate XRP to support content creators of their choice. SB Projects helps artists monetize their contents. XRP Tip Bot also allows people to suggest videos and content creators on social media. To better guide the narrative that XRP is a decentralized cryptography, Ripple has tried to make most of these services work by itself.
With almost 100 innovative products being processed, it is quite clear that the XPring project could be the boost that RXP needed to make the next leap. In fact, this project could feed the mass adoption of XRP in ways never imagined before. This would translate into an increase in XRP popularity and a solid market position. Could an XRP race be in progress?