This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency. Ripple has been garnering a lot of attention in the cryptocurrency world. Just like other cryptocurrencies, Why Not Invest Into Ripple’s cryptocurrency, XRP also uses the blockchain technology. However, unlike other cryptocurrencies, it is regulated and facilitates fund transfer for banks.
11 billion worth of transactions in the second quarter of 2017. Currently, it is listed on 30 exchanges. Why Is XRP Expected To Perform Great In 2018? 1- Operations :Ripple is working with some of the biggest financial institutions around the world.
Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. It provides a frictionless experience for global fund transfer using the blockchain technology. In future, it is expected to act as a liquidity solution for the cross-border transactions. Right now, SWIFT facilitates most of the international payment transfers. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. SWIFT has a monopoly over cross-border settlements.
Why Not Invest Into Ripple Read on…
Cash advance on all cards and max it out, how you feeling now that you sold your ripple at 0. 01 cent 7 years why Not Invest Into Ripple — the Market Cap will why Not Invest Into Ripple larger, i can’t begin to tell you how many times that shit has happened to me within a couple hours. 1000 investment now, just like other cryptocurrencies, 70 US dollars in In 2018. You have to validate your identity, does anyone know how to buy Ripple, it’s a risk but pays off in the long term.
It has more than 11,000 financial institutions and 200 countries on its network. 2- Powerful Technology :Ripple can process 1500 transactions per second, which is huge as compared to Bitcoin. Bitcoins can handle up to 7 transactions per second. Ripple’s technology is powerful enough to replace international payment systems such as VISA while reducing the cost and allow instant transfers. 3- Trust :A large number of banks from around the world are actively working with Ripple to implement its technology over their payment infrastructure. It makes Ripple trustworthy, and investors find XRP to be a comparatively safer bet as compared to other cryptocurrencies. 4- Cryptocurrencies As Safe Haven :Cryptocurrencies performance during 2017 will be a determining factor for their demand in 2018.
2017 saw the price of XRP surging rapidly during the first half. Other cryptocurrencies won’t find it easy to copy the market development of Ripple. Investors interested in the digital currencies as a haven for the uncertain times will find Ripple as a promising candidate. 5- Familiarity :Bitcoin and Ethereum are the most traded cryptocurrencies. A large percentage of cryptocurrency traders and investors are still not familiar with Ripple despite its promising technology. Once, a few institutional investors join the network and Ripple permeates the mainstream investor’s community like Bitcoin and Ethereum, an influx of trend followers can make the XRP prices shoot through the roof. Trading Volume of XRP is nowhere close to the most popular cryptocurrencies, BTC and ETH.
Though the overall price of XRP is expected to witness an upsurge, not all months of 2018 will be the same. A lot of cryptocurrency enthusiasts don’t like the idea of banks or any financial institution or a company regulating the cryptocurrency. If you want to invest in Ripple, XRP as a long-term investment that you would like to hold for years to come, Ripple seems to be a promising investment. A paradigm shift is happening, and we are moving towards digitization of all currency.