In a recent tweet, Attorney John Deaton disclosed that XRP’s utility and efficiency for cross-border transactions informed his decision to buy it in 2016. Also, the attorney revealed that Coinbase recommended the cryptocurrency to its customers in 2019 for the same purpose.
XRP’s Unique Value Proposition
According to John Deaton, his first purchase occurred in 2016 due to the attributes of the coin. However, the attorney revealed that he also bought more XRP coins in 2019, following its listing on the popular San Francisco exchange Coinbase. Notably, the crypto exchange touted the coin as one of the best cryptos for cross-border transactions.
One of the benefits of transacting with the digital asset is the lower cost it offers. The coin facilitates seamless cross-border transactions and settlements at low cost.
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In his Tweet,…
