Recently, Ripple's technology was questioned in the British Parliament.
According to xrp news, the first question is that Ripple's technology cannot solve the problem of inefficiency in the financial industry, and xrp did not realize the value described by Ripple;The second question is that xrp is a huge risk, because in the past two months, the ripple crypto really did not make much explanation. In order to connect the two currencies, Ripple really wants to use xrp in international transactions and play the role of the dollar.
The main challenge is the relationship between XRP and Ripple Labs, and The answer of the person in charge of Ripple is: Ripple has no direct connection with XRP. In other words, <a href=""https://citicoins.com/ripple/">xrp will only be sold to institutions, not retail consumers. Similarly, ripple is just using XRP, but it is not directly related to it. Some Members believe that we should not make mistakes repeatedly because of innovation, especially financial products.The recent price and transaction volume of Xrp also fell rapidly.
It is unknown whether it has been affected by new projects.