Ripple, the company behind XRP, has faced ongoing litigation with the U.S. Securities and Exchange Commission (SEC) regarding the status of XRP as a security. The outcome of these proceedings holds significant implications for XRP's future, and potential investors should be keenly aware of this.
Additionally, Ripple's operational model has raised decentralization concerns. The company holds a large portion of the total XRP, leading to criticism from proponents of decentralization.
While XRP demonstrates strong potential to revolutionize international remittances with its speed and low fees, it's yet to be seen how it navigates through its legal challenges and centralization concerns. Show Less
