Reading about Ripple over the internet i found information that i want to share with you.
First i must tell you that i have invested in this coin this year. And i belive in the potential of this coin.
So what is XRP
XRP is the native currency of the Ripple network that only exists within the Ripple system. Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk and it is the only native digital asset on the Ripple network. Any other digital asset (non-XRP) existing on the Ripple network is a debt instrument (a liability) and exists in the form of a balance which entails counterparty risk. Eliminating this risk is why XRP will be adopted over any other digital asset.
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A counterparty risk, also known as a default risk, is a risk that a counterparty will not pay as obligated. Financial institutions or other transaction counterparties may hedge, take out credit insurance or, require the posting of collateral. Offsetting counterparty risk is not always possible because of temporary liquidity issues. Counterparty risk increases due to positively correlated risk factors. Accounting for correlation between risk factors and counterparty default in risk management methodology is not trivial. XRP removes both the counterparty risk and the associated costs 100%.
The elimination of counterparty risk IS the reason why XRP will in fact be adopted by everyone who uses the Ripple network.
I think it has a future with disrupting the financial sector, especially if the smaller players come on board en mass. Hence I started buying XRP.
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Good post. Interesting to see I'm not the only one that is thinking about this. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? I was wondering if anyone of you uses: https://www.coincheckup.com This site gives you a complete in depth investment analysis on every crypto in the market.
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