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RE: The truth about RIPple XRP !!!

in #cryptocurrency7 years ago (edited)

There is also another thing about Ripple I think you should know. Ripple like you said is the bank's coin, it is solving transaction problems from around the world. As you know, it takes less for you to travel to another country to send money in person to someone rather than wiring the money that takes many days to go through. That's what Ripple's doing, making money transfer done in moments sending from one place to another. But at the same time, it's also a centralized cryptocurrencies which is making the banks stronger which can defeat the purpose of a decentralized network which is why cryptocurrency was created in the first place. No middle man to control the flow of money, nor being regulated by the governments. The people's currency you may say and free market. Thats another issue with Ripple.

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I very much agree with you and could not have said it better! Hope people will read this comment after the post!

Thanks for your support and yeah, we need to find more like minded people who will see these contents we do on Steemit.

True, but meanwhile you can ride their rise as long as you know when to get off. We're all participating in the banks game because we're using their fiat. Taking advantage of ripple's market is falls into the same category as playing with fiat currencies or the stock market. There's money to be made if you know how to play the players. And in case you wonder, I don't! lol

Yup! I plan to hold Ripple long term because it is likely to get a lot of exposure in the mainstream and solves the problems of the sloooow bank transfers they had in the past. Lets see what happens to ripple moving forward.