Token Insight, a financial rating agency, revealed its final verdict on the status of Ripple and his chips by mentioning their centralized characters. Moreover, the analysis of the agency was not indulgent on the services of the platform with a very severe result concluded by a financial rating BBB.
Ripple would be centralized according to Token Insight
The findings of the rating agency have hit more than one, because being a platform in full growth, Ripple has always been able to attract crypto-users through a policy of satisfactory neutrality. However, Token Insight's conclusions are quite relevant in that Ripple tacitly influences the market via his network.
The evaluation reports:
"Ripple is a growing global network, and financial institutions can process payments from their customers around the world in a reliable and cost effective manner. Banks and payment service providers can use the XRP to further reduce costs and access new markets. This directly insinuates the hand on tokens to influence the market in a unilateral way. "
Ripple's answer
Of course, Ripple prepared in advance the right strategy to dissuade users from this negative thinking . Its Operations Manager, David Schwartz said that "this centralization maneuver was intended to provide additional predictability to the provision of XRP, taking into account a likely injection of 55 billion chips in 55 months. "In addition, Ripple is committed to providing a real decentralization of its platform in 2012 in two phases. The first is to aggregate validators while the second would look at adding third-party validation nodes to the list of unique nodes.
In any case, these earlier promises did not influence Token Insight's decision based on Binance's information . The paradox is even more surprising when the rating agency of the crypto-stock market awarded a rating of A to Tron ( TRX) while Token Insight castigates the platform with a BBB!
What do you think of this notation? React and give your opinion in the comments section.
Posted from our website : https://infos.link/ripple-would-be-centralized-according-to-a-financial-rating-agency/