The Ripple currency has recently shown significant growth. At the time of publication, the asset's capitalization exceeds $ 50 billion and it is on the second place in the world's crypto-currency list.
This fact attracts to this asset more and more crypto-currency investors, which begin to allocate in their investment portfolios a greater part for this asset. Crypto currency is becoming more expensive, investors' profits are growing and everything seems to be great if it were a small but ....
What is Ripple?
Ripple is an American company headquartered in San Francisco. What does this company do? On the official website, we can get acquainted with their activities. If you look at the official information in brief: "Ripple provides a trouble-free experience with money around the world, using Blockchain technology. Banks and payment providers can use the digital assets of XRP to further reduce their costs and access to new markets.
By joining the growing global financial institutions Ripple, they can instantly, reliably and economically process their customers anywhere in the world. "Now let's consider who is on the Ripple customer list? Today, according to information from the official website, the company's offices are located in New York, Sydney, Singapore and Luxembourg, Ripple has more than 100 customers around the world. Who are these customers? It's very simple, these are the big banks of North America, Europe and Australia.
This year the group was joined by the bank Tokyo-Mitsubishi UFJ (BTMU), the largest bank in Japan, which is going to unite about 90 banks around the world in the international payment network Ripple. Ripple takes an active part in the program "Digital India", where large banks also participate. Ripple actively cooperates with the official banking structures of China.
The large payment services American Express connect to the Ripple network, most recently announced the cooperation with major players of the market like JCB, Sumitomo Mitsui Card, Credit Saison and others.
So friends, as we see Ripple is a company promoting Blockchain technology in the banking sector (often at the state level).
What is the Ripple (XRP) crypto currency?
Ripple's main difference is that it can not be mined. There are no pools or miners. The system is completely centralized. Ripple is essentially printed as a printing press. The issue is unlimited and, if necessary, can be released in any quantity.
The main use of Ripple is the implementation of interbank transactions. Summarize. The system is centralized, the issue is unlimited, the printing press is in the same hands, the main participants and investors are the banking system.
Does not it look like anything?
Ripple is guarding traditions.
Let's analyze and see what the fundamental differences between Bitcoin and Ripple are. Why did Bitcoin become popular and won so many fans? Because Bitcoin offered an alternative to the existing financial system. In order not to say Bitcoin has returned people independence in making financial decisions outside the state and banking systems, without controlling your every move.
Even today, despite the increased commission, it allows cross-border payments at its own discretion. The Bitcoin system is decentralized, it essentially has no master. Yes, large players are able to make manipulations, but do not own the system. In the same way, most crypto-currencies as major pluses tend to decentralize and, most importantly, anonymity, what is most valued. Ripple does not have this and in fact returns us to the sphere of banking interests, to the system from which Bitcoin freed us.
Think about why Ripple is not associated with the name of any famous crypto-enthaziast and guru? Because, as if the same Roger Ver and the Bitcoin Core team did not belong to each other, they do not belong to the banking system. Substitution of concepts and acquisition of the crypto-currency market.
So friends, in my opinion today there are very significant events in the crypto-currency world. Comrades bankers who vied with each other about the bitterness of Bitcoin and the soap bubble, in fact, perfectly understand the whole point of what is happening and the threat that Bitcoin carries to the traditional financial system.
I think in the banking sphere, not fools understand the uselessness of a protracted direct encounter with Bitcoin. Faced directly, Bitcoin will become a martyr and a symbol of the struggle for freedom, which will make him immortal. Therefore, the plan "B" was put into effect. Ripple is released to the arena. At the same time, no one began to reinvent the wheel. Everything is going according to the old, verified plan. Ripple was integrated into the crypto currency market disguised as all attributes of the crypto currency.
The process was gradually causing addiction in people's consciousness. And the essence remains similar to the dollar. Why are the leading state banks so eagerly united? That's right, it's easier to resist together. The calculation is correct. What does the user need? Fast and cheap transactions? Get it. Need to raise the rate? Please, a lot of news in a positive way.
We must raise!
you folks dont understand something very importantly
this current evaluation in US dollar is a fraud and it will cese to exist and cese to continue to exist, then people that receive a ripple as offering for payment, will not think in US dollar, they will think about the banksters, and directly decide weather they like them or not like them and accept that ripple or throw it away,
with money people will follow their political affiliation too,
thats going to be the future and not coinmarket caps stupid and meaningless multiplication and calculation and even more stupid "ranking"
the market isnt capable to understand that new reality yet.
