If XRP is declared a security, Ripple Labs would be ordered to pay a fine for selling unregistered securities. They would also have to give each XRP investor a share in the company. The price of XRP would most likely fall significantly right after due to panic sell-off but it would recover stronger afterwards.
How long does it take for XRP to settle?
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.
Is there an ETF for XRP?
Like any currency, there is a high degree of risk involved if you're considering investing in Ripple. If you don't like the idea of a digital wallet and/or all of these steps, there are no ETFs that track Ripple yet.
Will banks start using XRP?
Ripple said on Nov. 9 it is launching a new product for U.S. banks and fintech firms that lets their customers invest in and trade cryptocurrencies. Financial institutions and fintechs will be able to offer customers the ability to trade bitcoin, ethereum, Litecoin, XRP, with more being added later.Nov 9, 2021
Does XRP have a use case?
The primary use case for XRP is intended to be for transfer of other currencies (or indeed commodities such as gold or oil) over the Ripple network.” Each time a money (or asset) transferring organisation such as a bank uses the network to conduct a transfer and settlement, the cost is deducted in a small amount of XRP