xrp is already one of the largest cryptocurrencies and it could have serious untapped potential but why will it be hard to buy in the future will it become so big that it will make it challenging for investors to hold xrp is it worth investing in xrp if you want to learn all about it keep on watching this video to find out more so that you don't miss out on an excellent opportunity to win a giveaway of 25 xrp tokens at the end of this month hey guys welcome back to xrp daily the best spot for your daily dose of everything xrp and cryptocurrency in today's video we will talk about xrp and why it will be hard to buy xrp tokens so be sure to stay focused as you surely don't want to miss out on this if you are new to the channel be sure to subscribe to the channel and turn on post notifications by hitting the bell so you never miss any of our uploads and also enter our giveaway now with the intro out of the way let's get into our topic for today as most of us know edward snowden became known in 2013 when he leaked highly classified information uncovering numerous global surveillance programs and warned about the dangers of cbdc's the former cia and nsa subcontractor snowden recently published an opinion article concerning central bank digital currencies or the cbdc's continue to discuss the danger behind their adoption on twitter according to the famous privacy advocate cbdc's are the newest danger cresting the public horizon designed to usher the state's ultimate financial control while ironically commenting on dr eswar prasad's opinion piece published in the new york times in july 2021 the professor of trade policy at cornell university presented the so-called digital dollar in a positive light moreover snowden said that the fed could use cbdc's to annihilate every wage workers savings in the country if they don't spend them fast enough most of your money exists not as something folded in your wallet but as an entry in a bank's database faithfully requested and rendered beneath your phone if someone else gets to decide if and how you can spend it it is yours also snowden published a piece on the 9th of october where he pointed out that the adoption of the cbdc's proposes a direct threat to financial independence and freedom snowden who is known to be a fan of decentralized cryptocurrencies such as bitcoin warned that those should not be confused or compared to cbdc's which are and according to stoughton they are here to ransom our future snowden's revelations became an international issue that strained relations between the world's governments and as of today snowden is currently living in moscow russia under temporary asylum according to the report the nsa has been monitoring the internet activities of bitcoin users since 2013 through a program with the code name oak star yet the new leak suggests that with money rocket another sub program under oakstar the nsa may be moving closer to pinpoint users who initiate a cryptocurrency transaction snowden's twitter post comes after stories in recent days about the biden administration's six trillion dollar stimulus measures to bring back a better america six trillion dollars this is good for bitcoin said snowden with all that said ripples xrp is one of the most recognized yet most controversial cryptos in the market this is due to a combination of its use case in banking and ambiguity as to whether it is a secure platform or not the controversies around its relationship with ripple are so huge that it came under the radar of the u.s securities and exchange commission xrp is the seventh largest cryptocurrency by market capitalization xrp recorded a massive spike in trading volume in quarter 2 this year climbing to over 4.4 billion dollars comparatively its trading volume in quarter one was 2.2 billion dollars a 98 increase in the second quarter and you'll be surprised to know that xrp remains one of the largest cryptocurrencies by market cap even after going through all of the hurdles of the fcc lawsuit edward snowden has called the cbdc a crypto-fascist currency mainly designed to deny people direct ownership of their money in a tweet snowden said that the cbdc would put the state at the center of every transaction in disagreement with the founding principles and protocols of the virtual currency while cryptocurrency has made rapid gains this year some people are still doubtful due to an underlying asset or government backing so is xrp a good investment ripple is a good investment in 2021 the major event that xrp investors are following is the case with the sec the sec battle with ripple has intensified over the past months the xrp holders are expecting a positive outcome ripple has lined up several partnerships working on central bank digital currencies remittances and clean energy despite the case between ripple and the sec most asian partnerships have remained intact and actually grown the exploding on-chain activity coupled with broader market growth presents an opportunity for value appreciation according to crypto bull xrp is ready to move towards two dollars and we will see ten dollars and beyond this bull run according to oracle times xrp cryptocurrency is the only real option for financial institutions and banks to make cross-border payments instantly additionally it sees a 2 000 change in the price of xrp in the future this oracle times believes can lead ripple and the whole cryptocurrency space to a whole new level in the future ripple certainly has a lot of pros that many other cryptocurrencies do not have the fact that it is intended to be used by major financial players and is getting adopted as such means that there is a lot of room for growth in ripple and that usually translates well for the price of xrp making it a good coin to invest in investing in ripple and hodling over the long term has proved to be profitable for some traders if you buy ripple and hodl its price may increase in the long run which various experts expect cryptocurrency can surprise anyone and for a decade now it has been growing in popularity the crypto market can change overnight a single event can make a big difference for instance when the coronavirus pandemic emerged in march 2020 many cryptocurrencies dropped in price with more established financial institutions and startups partnering up with ripple to be able to use its sophisticated technology to enhance their products xrp will continue to soar in the years to come this is heavily backed by moody investors service which opened that ripple's price thrives on an increase in institutional interest just like what happened to bitcoin with such interest the digital assets price can surpass two dollars in the near future you can invest in xrp if you believe ripple has potential and that it's likely to reach a favorable outcome with its sec lawsuit keep in mind that it's a high risk investment even compared to other cryptocurrencies ripple could prove to be extremely useful international money transfers between banks can be slow expensive and difficult even to set up ripple solves those problems and it has already secured hundreds of partnerships including many with major financial institutions there's also a large company behind ripple that's focused on promoting it and moving it forward most investments are down to the factor of risk versus reward do the potential rewards outweigh the possible consequences of the risks ripple is currently dealing with the sec but popularity fans and trust among traditional financial institutions coupled with the unique product of on-demand liquidity which is a priority in 2021 makes ripple a good investment it would be best if investors considered adding it to your portfolio overall ripple is performing well unlike the other alt coins that do not possess the network or ripple net and use several money transfer services globally millions of customers are being serviced through ripples technology in over 55 countries worldwide ripple has a bright future ahead of it in 2021 with the ongoing developments within the xrp ecosystem and the overall crypto market we may see xrp reach new heights one of the key differences that makes ripple unique compared to other cryptocurrencies is that there is no mining on the network this makes xrp more attractive to some traders and may mean it can outlive cryptos that must be mined bullish xrp price prediction 2021 is 2.62 cents as said above it may even reach 10 if investors have decided that xrp is a good investment in 2021 along with mainstream cryptocurrencies like bitcoin and ethereum well guys that's all we have for you today what's your take on this do you think edward snowden is right get involved and let us know in the comments down below if you guys like this video then be sure to give this video a big thumbs up also if you don't want to miss out on any new future videos then be sure to click on the subscribe button and turn on the notification under this video so that you're notified the next time we upload a video on the latest xrp and cryptocurrency news until the next video comes out you can watch our other videos about xrp or other cryptocurrencies thank you for watching and we will see you again in the next video goodbye

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