Any talk about XRP, easily leads to a futuristic vision where Ripple will replace the banking system.  Businesses small big and giant corporates are taking advantage of the cost effective transactions facilitated across borders by making use of the remittance systems provided by Ripple.

Ripple are already working in collaboration with major service providers like Santander Bank, Money Gram and others.

David Schwartz recently expressed that Maximalism does not help crypto move forward.  In the Charlie Shrem show Joel Katz spoke about building one of the most controversial and the most used cryptocurrencies $XRP.  They have covered spectrum of decentralization, money, control and bitcoin, censorship resistance, XRP and Banks.

It is important to acknowledge David’s deep knowledge and his communication skills are unmatched.  Also, it is not a good feeling when several Ethereum and Bitcoin developers overlook the XRP capabilities. Many call it an open minded conversation.

Someone stated that the4 28:00-33:30 is worth watching few hundred times. And that every single word is golden.

David also pointed to how Banks, unless they are payment banks or payment specialists don’t like payments.  They don’t make a lot of money on it.  Their customers complain a lot about it. Where is my payment, my payment did not go through, the fees are super high. And of course, the bankers got to keep those fees as they are paying those fees to larger banks. So, what banks did as their customers are upset about the payments being expensive decided to be just okay with payments.

Sydney Ifergan, the crypto expert tweeted:  “Agree with Ripple XRP Joel Katz stating, the problem is if the banks sucks up payments why would I keep my money there.”

Ripple XRP Scams and Liquidity

Ripple recently unlocked 1 billion XRP valued at $269 million from an Escrow Account.  This transaction has been reported by Whale Alert, which is an advanced crypto tracker.  The transaction reportedly has occurred in two different 500 million XRP transactions during real time.  Thus, there is more liquidity added to the network.

Meanwhile Brad Garlinghouse posted a warning tweet which read: “Another day, another platform hosting scams.  @LinkedIn is the latest, with imposter profiles created by bad actors. PSA: stay vigilant and skeptical of suspicious requests/messages. If it looks like a scam, it probably is!

The trending spams require that investor forever be vigilant about those who claim too big to be good deal.  Scams are here to stay and investors are to exert vigilance.