XRP — Issue #13

Welcome to Issue #13 of the crypto world builders newsletter. Today we will talk about XRP and I’ll be short and sweet :)

But before we do that, if you haven't done so already, join my free cryptocurrency community on Discord. There are a lot of people on there that are willing to talk about cryptocurrency 24 seven. We have a good group of people and I encourage you to join as you will gain value from the experiences of others: https://discord.gg/XDg6Z4F5Ns

What Is XRP?

XRP is a digital currency that is widely traded on all major exchanges. Most notably, it’s the native cryptocurrency of the XRPL. The XRPL is important because notable company, Ripple, is using the XRPL to help banks facilitate cross border payments. There is a vibrant developer community on the XRPL as well. The ecosystem is growing each and every day!

Why Is XRP Important?

In a nutshell, XRP is important because transactions take less than 3 seconds to settle, it’s completely decentralized, and has ALOT of money and developers building on the ledger. Check out the XRPL foundation to keep up with their developments.

Is XRP ISO20022 compliant?

Technically, no. However, the Ripplenet is the technology that is compliant. Ripple net is a system that was created by Ripple for central banks to access a wide variety of cryptocurrencies including XRP.

I think XRP is a very good bet mainly because of Ripple. This is the most well connected cryptocurrency payments company in the world, and they’ve chosen the XRP ledger. Need I say more?

Thank you for reading and happy investing :)

Benjamin Saint

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