Panos Mekras Positive Stance on XRP
Panos Mekras, a blockchain consultant, shared his optimism about XRP.
Panos Mekras’ Extensive Financial Background
Mekras has a background in finance and extensive experience in the financial and crypto markets.
XRP’s Essential Aspects
Mekras provided a multifaceted rationale for his positive stance, focusing on several key aspects of XRP and its underlying technology.
XRP Ledger’s Innovative Concepts
Mekras praised the XRP Ledger (XRPL) for its long-standing track record and pioneering concepts.
Legal Clarity for XRP in the US
Mekras highlighted the legal clarity that XRP has received in the United States, with a ruling that declared it not a security
XRP Market Cap Discrepancy
Mekras pointed out the disparity between XRP’s current market capitalization and its perceived potential.
XRPL’s Evolution and Innovation
Mekras was particularly enthusiastic about the evolution and innovation within the XRPL ecosystem.
Growth of Projects Building on XRPL
The rapid growth of projects building on the XRPL was also a key point in Mekras’ analysis.
XRPL Fees and Revenue Clarification
Mekras clarified that the XRPL doesn’t generate fees or revenue in the conventional sense, as all transaction fees are burned.
Ripple’s Role in the XRP Ecosystem
Mekras also downplayed the significance of Ripple’s role in the XRP ecosystem.
Hot Take: Panos Mekras’ XRP Optimism
Panos Mekras shares his optimism about XRP and highlights the legal clarity it has received in the United States, paves the way for increased usage and development of the XRPL. He points out the disparity between XRP’s market capitalization and potential, and highlights the ecosystem’s evolution and growth.
By
By
By
By