Altcoins News
By Julie Binoche
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Ripple XRP is not Centralized
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During difficult times like we are going through now, digitizing payments and getting away from handling cash is the best way to help people remit money abroad.
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Right now we are facing lot of difficulties. Having these systems in place in 2 to 3 years from now would not make sense. XRP should be able to help.
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Marcus Treacher, Head of Customer Success @ Ripple tweeted: “In a world under pressure, we're still driving hard and building our network.
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Sydney Ifergan, the crypto expert, tweeted: "Ripple XRP has picked up an attitude of ignoring critics and moving forward.
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Marcus Treacher feels that 2020 is not the best year. The coronavirus, the economic crisis, and the entire global financial system has been in Jeopardy.
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This ranking is considered important for a frontier technology company like Ripple, which deals in blockchain.
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A major focus of Ripple has been to not lose track of solving specific problems related to cross border payments in the global remittance market.
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Treacher clarified, stating that "Ripple is the only blockchain company that has got customers to use their products for commercially for making cross border payments."
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The inefficiencies in the global remittance market has been addressed effectively using digital assets technology, thus making it possible for customers to see huge benefits.
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XRP for this reason has been called to be too centralized. Also, Ripple has been accused for holding a major share of XRP and for controlling it.
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Treacher clarified that Ripple is just a stakeholder of XRP and that "It’s a decentralized, open-source digital asset, and the XRP Ledger is based on an inherently decentralized,…
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When talking about the one billion XRP released to Ripple each month, Treacher pointed out that the XRP held by Ripple is locked in cryptographically locked escrow accounts and…
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