Ripple, a cross between a digital fiat currency and a cryptocurrency currency? Here is an authoritative opinion on a highly debated topic ...
The debate over whether Ripple (XRP) whether or not a security does not seem to want to be mitigated. And it is no coincidence: Ripple is in fact in a sort of "regulatory limbo", and most investors are not sure whether or not to invest in it, since the legal fate of the digital currency has not yet been decided.
Ripple is not a cryptocurrency
Looking forward to news from international authorities recently Anatoly Castella, CEO of Elpis Investment, said that XRP is not a cryptocurrency, but a real digital currency. Castella also claimed that XRP does not follow the "purest interpretation of one criptovaluta”, To then specify that it is a FinTech platform that combines the best elements of the fiat currency and those of the blockchain cryptocurrency. It's a digital fiat currency, not a cryptocurrency - he concluded.
But because more and more analysts seem convinced of the particularity of Ripple? A cryptocurrency is a digital currency which exists only digitally and which usually does not have a central regulatory authority. Alternatively, use a decentralized system to record transactions and manage the insurance of new units and rely on encryption to prevent counterfeiting and fraudulent transactions.
Now, we know that Ripple is a digital currency and that it does not have a central regulatory authority. The same summit, Brad Garlinghouse, made it clear that Ripple does not own XRP and cannot create XRP, but only issues XRP that it has. In other words, if Ripple stops its operations and decides to stop with the activities, this will in no way affect the currency. In other words, XRP can work without Ripple because both are separate entities.
