It will be very important to follow whether XRP is going to be acknowledged as a security or not. The cryptocurrency world is waiting since a very long time about this decision.
But there is a very interesting situation going on here. Ripple is trying to make the current financial system more fair and efficient.
At the moment there are over $294 trillion dollars in financial assets. This also involves money that goes on a day-to-day basis.
These transactions can be processed with Ripple’s technology. The International Monetary Fund (IMF) has shown its support for virtual currencies in different occasions.
And indeed, Christine Lagarde, CEO of the IMF, said that virtual currencies do not carry substantial threats to fiat currencies. Lagarde commented on the matter: “Why would citizens hold onto virtual currencies rather than those physical dollars, physical euros or physical sterling’s. Read more from bitcoinexchangeguide.com…
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