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Why Volatility Is Not A Problem For Ripple

Why Volatility Is Not A Problem For Ripple
Breaking News / Cryptocoins / Ripple
There is no doubt that Ripple is one of the most talked about cryptocurrencies in the market; however, a lot of talk has been surrounding the price at the moment, as this has been a little disappointing, and not reflective of its development. Statements that have been released by the XRP team, does show thought that they are very keen not to disappoint  those who have had faith in the coin, and are starting to concentrate more on real life uses for Ripple, as opposed to trying to raise the value of the coin. This is a positive move for Ripple, as it is showing Ripple and XRP as a digital asset that is getting all  of its value now from its technological value. During the recent Blockchain Week, one of the most anticipated events was Consensus 2018; however, the numbers were lower than expected. On notable absence was the co-founder of Ethereum, Vitalik Buterin. One of the reasons was the $2000-$3000 attendance fee, based on the reason that not many cryptocurrency enthusiasts will be able to afford that amount, saying; “And by the way, the conference cost $2-3k to attend. I refuse to personally contribute to that level of rent seeking.” Those who did attend the event on the other hand, would have seen the live demonstration of Ripple’s xRapid product, which showcased how the liquidity service can deliver a smooth experience thanks to the technology. It allows secure and speedy exchanges to take place. David Schwartz, the Chief Cryptographer at Ripple, touched on the subject of volatility, but explained that users of the product were not in any way obligated to purchase Ripple to use it – which in effect eliminates the risk of volatility for Ripple at least.

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