Ripple is an organization from the United States of America, whose head office is located in the city of San Francisco. According to the data posted on the company's official portal, it provides a permanent experience of working with financial resources in all countries of the world thanks to the use of distributed registry technology. Banking institutions, as well as payment providers, are given the opportunity to use XRP coins in order to subsequently lower their own costs and gain access to new markets. By joining Ripple, many financial institutions are able to economically and safely serve customers in any state.
The main difference between the virtual currency XRP, the creator of which is the company Ripple, is that this digital currency can not be produced. There are currently no pools or miners for XRP mining. Coins of this crypto currency are produced, in fact, as banknotes on a printing press. The release of these tokens is not limited to anything, as a result of which there can be infinitely many of them.
The main function of XRP coins is to perform interbank operations to transfer funds. Serves those who created a modern financial system!
Based on this, it can be concluded that XRP is a centralized virtual currency with unlimited emissions used by the banking system.
There is practically no difference with the Central Bank of any country. Crypto-currency is valuable in that it proposed an alternative version of the current financial system. Ripple is the operating system.
Bitcoin was able to return to consumers of financial services the ability to independently make financial decisions, regardless of the decisions of banking systems, while excluding the possibility of control from a third party.
As of today, Bitcoin, despite the increase in the size of the commission, gives users the opportunity to independently manage their financial resources. The Bitcoin network is decentralized, that is, it is operated by the users themselves, and not by one particular person. Naturally, large players can perform operations that will somehow affect the network, but they are not able to control it. Among other things, this crypto currency has gained popularity due to the anonymity of the transaction.
At the same time, Ripple returns its customers to the banking sector, from which they were released by using the Bitcoin digital currency.
Can you show us where it says they can print more? No you cant because u r full of BS
He wanted to say that currently there are 38 billion XRP in circulating, but the maximum is 100 billion XRP, you are buying an inflationary coin, do not feel bad after that can happen in sequence, because it's a centralized coin, you are small players are in the hands of big players.