The hardcore crypto purists dislike Ripple because they do business with the big banks and because Ripple is not too different from what we already have today. Ripple xCurrent system is a product used for bank to bank transfers, its an IOU where Ripple is the middleman and it is centralized.
The main aspect of crypto movement is taking out the middle man, the 3rd parties. XRP is trying to replace the middle man. It’s heavily centralized, and the token, in many solutions and systems created and run by Ripple Labs, has no purpose.
Will XRP token get adopted and be used widely by banks and other institutions? No one knows.
After all, most of crypto investors are gambling that their token/coin is the winner.
However, we do know that there is a clear mission to a real world problem – making payment faster, cheaper and traceable. There is a good, well educated and smart team behind it which, with XPring and Coil, are pushing the Use Case of the XRP Token even further.
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