Ripple XRP has been serving as a useful bridge currency, freeing up capital, which would otherwise be tied up in reserves to provide for international transfers. Definitely, a fast and efficient bridge between the remittance markets.
Steven Mnuchin, Secretary of the Treasury, acknowledges, having money three or four months from now does not do anybody any good. He also stated that their focus now was to deliver money quickly to the American public. Will they be doing it? We will get to know it in a week’s time. This is going to require a lot of work, effort, and resources, and it will as well cost money for remittances. We need to see how they are going to handle it.
Difficult thing to do without a novel technology, we need to see how the Fed is going to handle the situation.
Brad Garlinghouse tweeted: “Enough is enough — in a time of global crisis, when people are especially vulnerable — social platforms need to hold scammers (crypto and otherwise) accountable for stealing money from innocent victims with fake giveaways.” He further tweeted: My semi-annual PSA: Ripple and I have not, nor will we ever, conduct a giveaway like the scams that continuously pop up impersonating me on YouTube, Instagram, Twitter, etc. Action needs to be taken – more to come soon.”
Some investors opine that they have reported every scam they have come across, but the YouTube does not seem to have acted on it.
Randi Zuckerberg, American Business Woman, stated, “I think Ripple will be really taking off in the next 2 years. The world order will be reshuffled using blockchain technology. I think Asia will lead the pack.”
Sydney Ifergan, the crypto expert, tweeted: “The confidence in Ripple XRP gets strong when people like Randi Zuckerberg have a positive say. Let us see if XRP will be able to help make the world stable again.”
Brad Garlinghouse had previously stated that Ripple XRP will be the Amazon of Crypto. Some critics state that they are advertising unreal uses for XRP to sell their reserves. Regardless, now we already know from their already existing customer base that Ripple has momentum in terms of remittance services.
Those who hold XRP now are indeed lucky; however, trading them to make profits might not be lucky per some investors. HODL and storing them on the ledger helps may be.
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