Ripple: Cryto Currency or Crypto Asset?

in ripple •  7 years ago 

I first came across Ripple last year as it was being spoken about in the media in what it tries to offer and which companies it has partnered with. It came across as very interesting and although i declined to buy any of their coins, I kept reading the articles and read on forums about how Ripple is on the up and what it means to the banking industry.

Some argue it's not a true currency but if it's not, then should it be renamed as asset?

What rules do we place around Alt coins to say it's truly a coin or just some other asset which is being traded back and forth? or is it both?

The other question I ask myself is, does Ripple keep with the Satoshi spirit of what he/them are trying to achieve?

Who knows?!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @ukcrypto! You received a personal award!

1 Year on Steemit

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @ukcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!