It’s always exciting to see big companies officially integrating a cryptocurrency into their business.
However, it’s Ironic that Banks and other financial services experts are seeing the benefits and cost savings in the Blockchain technology to transfer money.
A few days ago the giant financial services company, MoneyGram announced that it will be integrating Ripple into its daily operations. Big companies and International banks like UBS, Accenture, Santander, Sea Gate and many more have started to use XRP as a means of transferring money. The only difference between XRP(Ripple) and other Cryptocurrencies is that it is centralized because it operates in the centralized world of banks and financial institutions.
Being a cryptocurrency that functions in a way that is against the very nature and reason of its creation (decentralization), it has been in a negative light for many people. Might Ripple be a way to create a change in perspective in the minds of the financial institutions that are against cryptocurrencies?
How do you think XRP (Ripple) will affect the view and value of other cryptocurrencies?
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