1. To start, let's break down the goal of XRP — to become a mediator for fast, cheap, and efficient cross-border payments, providing liquidity between different currencies and facilitating interactions between banks and financial institutions. In other words, it was created to improve the already EXISTING BANKING SYSTEM, it does not bring anything new.
2. Transparency: The XRP Ledger is public, meaning all transactions are visible for analysis. While this does not automatically identify individuals, regulators can use KYC data to link transactions to real people.
3. Control: Ripple collaborates with regulators, which could potentially turn XRP into a “regulated” cryptocurrency.
4. The total supply of XRP is 100 billion tokens. About 53 billion XRP are in circulation, while the remaining part is controlled by Ripple Labs. The company holds around 5.5 billion XRP, and another 41.9 billion are in escrow and released to the market in parts (up to 1 billion per month) to control liquidity. This raises questions about the centralization of the token.
What do you think? Is XRP a cryptocurrency, or is it still a bankers' project?