🚀 #CRYPTOFACIL

$XRP at the moment, an impressive 50% capitalization above the strong $BNB. I follow this currency and the entire complicated process at the SEC. Sharing some of the information that I seek to analyze for decision-making:

1. Main Objective of XRP (Ripple):

• Focused on facilitating international payments for financial institutions and banks.

• Seeks to replace traditional systems, such as SWIFT, by offering fast and low-cost transactions.

2. Organization

• Developed by Ripple Labs, a private company with strong control over the XRP ecosystem.

• Ripple works with financial institutions, which gives XRP a more corporate focus.

3. Target Audience

• Banks and large financial institutions that want to improve the efficiency of international transfers.

4. Distribution

• Most of the tokens were created and initially maintained by Ripple Labs. The company gradually releases the tokens to the market.

5. Speed ​​and Cost

• Fast and cheap transactions, but:

• Process transactions in about 3-5 seconds.

6. Architecture

• Utilizes a consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA), which relies on validators selected by Ripple.

7. Use Cases

• Settlement of payments between banks.

• Liquidity in international transactions.

8. Relationship to Regulations

• Under increased regulatory scrutiny due to Ripple's control and the controversy over whether it is a security.

Bottom line:

• XRP is enterprise-grade, focused on banks and fast, efficient international transfers.

#Ripple

$XRP