BENEFITS OF XRP (RIPPLE)
As is common knowledge, Web3 cryptocurrencies are the newest generation of digital assets based on the decentralized Web3 philosophy. These Web3 technologies leverage smart contracts and blockchain technology to give users control over their data and enable transactions without the use of intermediaries. At the CFOC global summit, Ripple's Sendi Young discussed the implications of cryptocurrency and Web3 for the financial elite.
According to me, Web3 is simply the more advanced and enlarged stage when we increasingly juggle our physical and virtual realities using a variety of technologies, not just blockchain. Basically, what we are seeing are triples from institutions. If we think back three to four years, it would have been quite challenging to discuss the advantages of include a digital asset in your payment with banks and payment service providers. Due to all of its advantages, it is currently becoming more accepted in a wide range of industries.
Similar to the native coin of the XRP ledger, XRP, it is excellent for all forms of payment. Not payment providers, but everyone gains a lot from XRP. Today, Ripple tweeted that 90 central banks, up from 80 last year, are contemplating CBDC. This expansion has the potential to improve the financial sector.
A recent investigation reveals SEC officials are using off-channel communication platforms to do official business and are not abiding by federal record-keeping laws, according to a tweet from the house of justice. Regulator hypocrisy and inconsistency have been rampant under Gensler's leadership as chairman of the SEC. Regrettably, Gary Gensler does not hold himself to the same level of openness that he demands of the business world.
Thank you for sharing
I love the idea of XRP but the law suit is restricting it growth. Despite the lawsuit, Ripple is still standing firm.
XRP offers a lot of benefits and you have stated them well.