It's sad that a big part of the #XRPCommunity still believes that XRP was created for banks or to help institutions. It was literally created to destroy the banks' monopoly and disintermediate them.
XRP was created as a better BTC for P2P transactions. For people, not banks. 1/7
And with features like the DEX, Ripple's initial vision was to "enable people to break free of the “walled gardens” of financial networks like credit cards, banks, PayPal and other institutions that restrict access with fees, charges for currency exchanges and processing delays."
This is what Ripple mentioned on their website in 2013. Ripple (Initially OpenCoin) started with a vision to build an open payments system & P2P credit network for people - not banks - on top of XRPL and by utilizing its DEX and other features.
spectrum.ieee.org/ripple-credit-…
Even though Ripple later decided to focus on the banking system and cross-border payments, they didn't do that to help banks and financial institutions, they did it to create a level playing field for the small banks and destroy the SWIFT cartel owned by the big ones.
Either way, Ripple's business model doesn't matter much as it's just one project out of the hundrends using XRP and building on XRPL, but some members of the XRP community should know what they hold and stick to the facts instead of believing false narratives.
And these false narratives were created by Bitcoin maxis at first and have continued by "XRP influencers" and youtubers who promote this for their own interests, spreading misinformation and delusional theories around XRP.
$XRP is for everyone - especially the people who are sick of banks and centralized entities that charge a lot of fees, have big delays and can censor you. This is the reason XRP Ledger was built. To free the people from such institutions and give the power back to individuals.
The whole point of the thread is that XRP is for everyone, it's an open, decentralized system with many features and anyone can use it, people, businesses, banks for whatever they want. Why is it so difficult for some people to understand?
The legend and XRPL co-creator has spoken. End of discussion for people who still disagree.
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