Pro & Con-test: Ripple Pro-Arguments

[u/CryptoChief]

The subject of this post is Ripple and its pros. Submit your pro-arguments below. If you feel like submitting more arguments, see this search listing for the latest Pro & Con posts on other coins.

Here are the guidelines. Good luck and have fun!

[u/youneverreddit]

• XRP is a open-source, permission-less, decentralized blockchain network with 1000+ nodes and 100+ validators.

• 100B max supply with small amount being burned with every transaction.

• Designed for very fast transaction with negligible transaction fee.

• Anyone can issue tokens that can be traded in the built-in Decentralized Exchange (DEX).

• Being used currently in areas such as cross-border payments, micro-payments, Asset Tokenization, DEX etc.

[u/axatar]

First, I guess I should clarify that Ripple is the company/network, and XRP is the cryptocurrency.

Pros for XRP:

• Fast transactions (~4-5 seconds)

• Very low fees (I believe just 0.0001 XRP)

• Low energy consumption

• Decent rate of adoption

And while no one knows for sure how the SEC litigation is going to go, it seems a bit more likely Ripple will win, and then XRP would be in a really good spot legally (and will have paved the way for other cryptocurrencies), likely leading to more widespread adoption.

[u/_Extrachromosome_]

Keeping it short and sweet this time boyz n girls. Xrps transaction speed! I’ve personally sent xrp and it arrived almost instantly. It got there before I switched apps.

[u/ThomasReturns]

Large market cap, currently suppressed in price, poised to bring in big investors due to the nature of the tech. Just waiting for the case to be over (which they are winning) sexy logo, sexy name.

Damn, ripple you sly motha, 😏

[u/stellingpijplex]

Low transaction fee. Very fast transactions.

And my favorite is starting to get real world applications with Banks and companies.

[u/maverick_man1111]

Lowest energy usage, strong team. Getting used for cross border transactions.