Can ripples survive without XRP?

As of this writing, you can’t buy XRP directly from Coinbase . Coinbase suspended XRP trading on January 19 after the SEC accused Ripple Labs of unlawfully raking in more than $1.3 billion in profits by offering digital-asset securities that were not registered with the SEC.

Is It Worth It To Invest In Ripple? It is also very much worth investing in XRP because not only is it a smart choice in the cryptocurrency space for its differences, it is also a coin that is on the lower side at the moment. This means that there is room for it to reach higher and cross back over the $1 mark.

The Ripple Consensus Protocol cannot exist without XRP , although it could still endure should Ripple, the company, fail. The RCL supports transactions of fiat currency, cryptocurrency, commodities or any other unit of value such as frequent flier miles or mobile minutes.

No XRP is not a Ponzi scheme although cryptocurrency analysts have identified $400 million worth of illicit Ripple XRP (XRP) transactions — mainly Ponzi schemes.

Originally Answered: Is Ripple (XRP) really a scam? No, Ripple is not a scam . Ripple Labs is solving a very real problem financial institutions are having in trading across borders and between organizations.

In 2019, it announced that more than 300 financial institutions in more than 45 countries were using its RippleNet payment network. If you’re debating whether this cryptocurrency is a good investment, Ripple’s success so far is one point in its favor.