Ripple is one of those non-decentralized cryptocurrencies that I don't usually talk about, but this article is interesting. While I bought a lot when it was $0.009, and made a lot when it went up to $0.40, I heard a lot of chatter about it having no real purpose. If you don't want to read the whole thing, here's the part I find most interesting (and most damning to the XRP token:)
"There have been a few proof-of-concept implementations and recently Thailand's Siam Commercial Bank announced they starting using Ripple software for Thailand-to-Japan remittance.
This is a big deal, but it needs context; first of all, SCB bank is an investor in Ripple company, making it fairly logical they would experiment and promote the blockchain technology they invested in. More importantly however, I see no mention of XRP in any of the press releases.
Is it being used? Or are they using Interledger Protocol (ILP)? ILP was also developed by Ripple, and appears to be a fairly impressive piece of technology to bridge between various blockchains and systems. It's open source, hosted by the Linux Foundation and could become a part of the Hyperledger framework.
But note that ILP itself has no native token; it doesn't depend on XRP and doesn't add value to it. Even if ILP finds wide adoption in the fintech industry, it will do precious little for XRP."
http://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/
XRP is also one cryptocurrency in my portfolio together with steem and xem.
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lets not!
It's not a support piece. It's an interesting read though.