I am holding XRP since 1 year or more i think. It has fallen since then as we all know. It is now around 0.30$ per xrp.
I have seen people saying over here that it is kind of ponzi scheme. But i have seen in India as well, they have gone under contract with Axis bank. Even they are hiring many well known leaders. It has office as well here in India. Some say it can replace SWIFT technology.
Still can anyone here shed more light on it. Shall i hold my coins? Is the company legitimate enough to hold money there? I dont mind hold it for years long.
It is a pump&dump shitcoin. Dump it as soon as possible.
I don't say you won't be making any money if you hold it. You very well may get some fat stacks by holding it. Even bitconnect made x300.
Ask yourself this:
Why would they wanna replace SWIFT in the first place? I mean what SWIFT can't do but Ripple can? Both of them are centralized projects and whatever you think ripple does, SWIFT does it already.
A lot you need to understand what technology i am talking about. Read here and get educated
https://www.forbes.com/sites/michaeldelcastillo/2019/02/04/top-crypto-blockchain-fintech-companies/#136303886a9cUnderstand what exactly?
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP.
Is this your argument? I mean, really? Not a word from the FED? Nothing from Washington? A shitty article about crypto and 2 sentences for ripple?
Ok, Let's see what we got here:
The article says Ripple aims to replace SWIFT. A centralized project aims to replace another one. So delusional people like you expect the US to dump SWIFT and replace it with Ripple, a product of a private company.
There isn't a single a hint for that happening from the FED, ever, never.
And even if that happens what'll it change exactly?
Do you think the FED will let you to transfer your USD freely as you like?
You must be delusional to think that.
Only decentralized coins like Bitcoin (litecoin, monero etc) can bypass the FED, not ripple.
Your trust rating tells me everything I need to know about you btw.