Because the XRP Ledger’s technology is universally available to anyone, the digital asset (XRP) can also be used as a form of currency. Being able to utilize XRP as a currency opens the door to more innovative ideas.
To put it into perspective, if a cryptocurrency like Bitcoin is used at a point of sale, it would create long lines as people wait for hours for their transactions to go through. With XRP, one can transact within seconds, and as engineers contribute to making the software and network more efficient, we can expect transactions to settle even faster.
Combine this with the XRP Ledger’s internal currency exchange, and you can use XRP anywhere in the world and it can be converted automatically to the local currency. This of course was the main inspiration for my next idea, the XRP Symbol.
There is a community movement for a unique #XRP symbol. We agree!
XRP is independent of Ripple. Submit your idea now. Read more from forbes.com…
thumbnail courtesy of forbes.com