Second-largest cryptocurrency ripple may have run ahead of itself

in cryptocurrency •  7 years ago 

Definitely the ripple ecosystem is definitely going to have to get a lot bigger to justify where XRP is right now," said Michael Graham, an analyst at Canaccord Genuity who has covered internet stocks since the late 1990s.
When asked which firms are using XRP, a Ripple spokesperson pointed only to an October announcement that said a bank called Cuallix is the first financial institution to use XRP, in this case for U.S.-Mexico transactions. No other firms were named.
However, Ripple said in a tweet Thursday that 3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018.

Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality.
However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about.
"The reason ripple is surging so much is it's a bubble," said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for bitcoin as a way to separate money and the state. "Testing crypto with banks doesn't make sense. The whole idea of crypto is you don't need banks..

Ripple founder now one of america richest

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You're so funny... Soo i cant get news from the internet??

You've been flagging all my posts

Of course you an get news from the internet, and read it like a normal person. When you post it as though it were your own content, without attribution or adding any of your own thoughts, that is called plagiarism.

It is the responsibility of every honest Steemian to flag plagiarism when they see it.

Attribution in what sense

Attribution means you identify where it came from.

I also dont mind if you could tell me how to get more upvotes

You get upvotes from creating original content (something you wrote yourself) that people think is good.

After this sprint of plagiarism (and the resulting low reputation), your best bet is to read other people's post and engage in meaningful conversation about the content.

Even with limited interests and education, you should be able to find something that you actually like, and have something worthwhile to say about it.

Ok.
I.dont know.
I'm sorry.
Enough of the flagging