XRP Is Missing 1 Big Thing Other Blockchains Have. Here's Why That's Good News
XRP (CRYPTO: XRP) isn't intended to be a platform for all manner of blockchain applications like many other leading cryptocurrencies are. Instead, it's a focused and highly efficient chain that doesn't try to cater to everyone.That means leaving a lot of potential capital by the wayside. But in at least one big case, that's a boon rather than a pitfall. Here's why.XRP is intended to be a financial technology product that banks and currency exchange businesses can use to execute international money transfers more rapidly and more cheaply than they could using other methods. In addition to that, its ledger, XRPL, aspires to become a hub for trading real-world assets on the blockchain, like U.S. Treasuries, real estate, and commodities, among many others.Continue reading
XRP (CRYPTO: XRP) isn't intended to be a platform for all manner of blockchain applications like many other leading cryptocurrencies are. Instead, it's a focused and highly efficient chain that doesn't try to cater to everyone.
That means leaving a lot of potential capital by the wayside. But in at least one big case, that's a boon rather than a pitfall. Here's why.
XRP is intended to be a financial technology product that banks and currency exchange businesses can use to execute international money transfers more rapidly and more cheaply than they could using other methods. In addition to that, its ledger, XRPL, aspires to become a hub for trading real-world assets on the blockchain, like U.S. Treasuries, real estate, and commodities, among many others.
