2022-05-01 23:54:56
TIP-021 - $500,000 investment from treasury into XRP ($XRP)
We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible.
XRP is the native cryptocurrency of products developed by Ripple Labs Inc, a cryptocurrency payment system. XRP is its "digital asset built for global payments.” XRP would allow users to send money at a very low cost, attracting the potential interest of retail customers and banks alike. A key value proposition of Ripple is its minuscule transaction costs while offering transaction finality of under five seconds.
Ripple proposes a cheaper and more efficient alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system to process international transactions. This is supposed to happen via the Internet of Value, which is the umbrella term for several of Ripple's products: RippleNet, the XRP Ledger, the XRP coin and RippleX.
Ripple has a naturally attractive value proposition for cross-border payments, which to this day has not been adequately solved by other protocols. Ripple can become a legitimate alternative to the SWIFT system with its increased speed and efficiency, according to the company.
After TIP-021 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).
Vote below:
https://vote.hectordao.com/#/proposal/0xea4e96911c5aeea1e29b0bf85b249c99b498b5750f5570443d6e04741bed59d9
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