Is XRP Still a Buy Despite These 2 Emerging Risks?
XRP (CRYPTO: XRP) is a favorite investment of many cryptocurrency enthusiasts, and for good reason. Its usage as a medium of exchange for international money transfers means that banks and perhaps even governments will continue to find a reason to buy and retain the coin, even in the face of other fintechs offering similar services, and despite the presence of deeply entrenched competition in international transfers.But this investment might not be bulletproof, especially not in the face of two emerging risks as a result of new trade policies. Let's map out what could go wrong and how it might affect the coin's value so you'll be better equipped to make your investment decisions.As you've probably heard, U.S. trade policies are currently in flux. With the new administration's affection for imposing tariffs on all manner of goods and services, there's now the possibility that XRP's bread and butter, gathering fees from quickly and cheaply processing money transfers across borders, will start to slow. That could be caused by two related but distinct threat vectors.Continue reading
XRP (CRYPTO: XRP) is a favorite investment of many cryptocurrency enthusiasts, and for good reason. Its usage as a medium of exchange for international money transfers means that banks and perhaps even governments will continue to find a reason to buy and retain the coin, even in the face of other fintechs offering similar services, and despite the presence of deeply entrenched competition in international transfers.
But this investment might not be bulletproof, especially not in the face of two emerging risks as a result of new trade policies. Let's map out what could go wrong and how it might affect the coin's value so you'll be better equipped to make your investment decisions.
As you've probably heard, U.S. trade policies are currently in flux. With the new administration's affection for imposing tariffs on all manner of goods and services, there's now the possibility that XRP's bread and butter, gathering fees from quickly and cheaply processing money transfers across borders, will start to slow. That could be caused by two related but distinct threat vectors.
