⛔️Today's myth: There is no decentralized exchange for XRP.
✅The reality: The XRP Leger was the first blockchain in the world to have its own native decentralized exchange that runs right on the ledger.
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⛔️Today's myth: The only use case for XRP is cross-border payments
✅The reality: XRP is used for all sorts of transfers of value, NFTs, DeFi trading, etc., and soon smart contracts on federated sidechains.
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📢XRP Myth Buster NFT airdrop #4
✅First 500 Global ID verified to fill in this form will be eligible: https://t.co/GEfW9hj6Oj
Complete rules are at the top of the form.
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⛔️Today's myth: Payment companies will never use XRP.
✅The reality: Some of the payment companies using XRP are Tranglo, Lemonway, Xbaht, FINCI, iRemit, Modulr, Pyypl, FlashFX, Novatti, Mercury FX and Azimo.
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⛔️Today's myth: Ripple can create new XRP.
✅The reality: The XRPL code includes a protection against creating new XRP tokens. Since it is decentralized, no single entity can take over the XRPL and create new tokens.
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⛔️Today's myth: Banks will never use XRP.
✅The reality: A lot of information is not public in this area, but we know for example that the Travelex Bank is using XRP for payments.
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👉3⃣ XRP Myth Buster NFT airdrops are history, at least 1⃣4⃣ more to go!
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👉#XRP Myth Buster airdrop #3 announcement 📢
👉First 500 to fill in this form correctly will be eligible for the airdrop:
https://t.co/zAGo5J8he7
👉Don't forget to set the XMB trust line (link in the form).
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📢This week there will be another airdrop of 500 XRP Myth Buster NFTs!🥳 Random time.
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⛔️Today's myth: XRP is useless
✅The reality: XRP is used by many companies and people in the world for payments, moving value, or for example NFTs. Use cases keep growing.
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⛔️Myth: Stable coins are better for cross-border payments than XRP
✅Reality: Stable coins have a counterparty risk or an algorithm that can fail (e. g. UST). XRP is counterparty risk free and volatility is not an issue.
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⛔️Today's myth: The XRP Ledger is bad for the environment
✅The reality: The XRP Ledger consumes only 0.0079 kWh per transaction and it has been carbon-neutral since 2020, the first major blockchain to achieve this status
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⛔️Today's myth: The XRP Ledger is not scalable
✅The reality: The XRP Ledger can do about 1500 TPS. This number can go up with payment channels. And horizontal scaling is available with federated sidechains.
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Still getting tons of spam promo offers saying they will help me to sell out my collection 🤣
Pro tip: If you spam me with your offer, at least check out what I am doing, you will see that I am not selling anything.
2 XRP Myth Buster NFT airdrops are history, at least 15 more to go! 1 airdrop per week.
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We are all about bringing real world utility to the XRPL. We look forward to insurance not being needed but until then Insur will be there.
Thanks for your thoughts @Born2BWildin
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The fact that crypto is surviving in pretty good shape despite all the bankruptcies, scams, regulatory uncertainty, FUD and bearish price action, is a proof that blockchain technology is here to stay.