Ripple pushes for utility by giving XRP

Ripple, based in San Francisco, has become one of the most successful startups of the last decade, which has been full of overnight successes in the fintech space. Since he's launched his XRP token in 2013, he has made his way into the five cryptocurrencies with Bitcoin and Ethereum. The growth of the crypto market in 2017 has left the company buzzing. The only problem they seem to have is that no one is using XRP for the good reasons

Ripple Donner XRP

XRP was created to bridge the gap between banking and decentralized technology, c & # 39; is like a way to move money. faster and cheaper. The problem is very few people use it this way, according to a New York Times article. As utility becomes the crux of the success of crypto-currencies in the future, Ripple has put a lot of XRP in the world for free.

When talk show host Stephen Colbert generously announced an XRP donation of US $ 29 million. the teachers did not come from his personal account. Similarly, when Ashton Kushner presented the equivalent of $ 4 million worth of digital pieces to The Ellen DeGeneres Wildlife Fund, this came from his pocket. Ripple has put all this XRP as an initiative to get more of their cryptocurrency into the world of work.

The company can be so easy with its XRP coins because, unlike Bitcoin which limits the number of its coins entering the world with a transactional formula (more transactions = more mining = more bitcoins), the whole XRP that will ever be created was created in 2013.

Prime the pump to increase the utility

Ripple created 100 billion XRP, reserving 55 billion in escrow which led to claims that the company may and manipulated the price of the token. It also allows them to use their estimated $ 30 billion assets to set up programs like Xpring, which allows developers to build XRP-centric software. Asheesh Birla, the product manager at Ripple, was quoted by the Times as saying: "" It's still really, very early, but we're seeing the vision come to life. ensure that it's in the hands of the right people. "

Ripple has recently been the subject of a bad press while being the subject of a class action in the United States in securities regulation.As the company seeks to clarify the situation with the SEC and to convince the public that the use of its products to circulate the money is a safe and reliable alternative to international banking systems, advertising by donations and free concerts of Snoop Dogg crowded crypto space.

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