Former U.S. treasurer names XRP advantage over other cryptocurrencies
Former U.S. Treasurer Rosie Rios wrote on Twitter that the Ripple token is used in a cross-border payment system while other cryptocurrencies are created for speculation. In her opinion, this is an important advantage of XRP over other digital assets. Information from project CryptoDeFix. China’s ban on cryptocurrency transactions should confirm this.
Last week, the People's Bank of China announced that cryptocurrency transactions are now completely banned in China. The use of digital assets in China now equates to illegal financial activity.