Are you looking for reasons to invest in Ripple? Here you can find them. Ripple is one of the most ambitious projects of our time, which is supposed to be more than just a simple payment protocol. The ripple platform is an open-source, blockchain-based protocol that enables fast and low-cost transactions and hopes to one day revolutionize international transactions worldwide as well as a large part of the financial sector. Ripple was founded primarily for banks and the largest financial institutions in the world and has been making headlines thanks to its interesting developments in recent months. It managed to attract so much attention within the industry that more and more investors are turning their eyes to Ripple.
Is XRP a good Investment? | 7 Reasons for Invest in Ripple
If you still need to be convinced for invest in Ripple, here are the best reasons why you should:
Invest in Ripple | The transaction protocol is unique
The main part of Ripple is the progressive Transaction protocol of the platform. The protocol was developed to remove all the hassle of international money transfer and allows users to transfer digital currencies, paper currencies, and even information quickly and effortlessly. Both participants in the exchange process have access to a very secure channel, which makes Ripple very useful for both massive banking institutions and individuals.
Thanks to the massive partnerships already mentioned that Ripple has entered into, you can expect the protocol to offer even more in the future.
Invest in Ripple | It is characterized by excellent transaction speeds
Ripple currently has a total capacity of 50,000 TPS (transactions per second), which is impressive at all levels. For reference, Visa (one of the world’s largest digital payment processors) has a limit of 24,000 transactions per second. This speed in conjunction with the
The reliability of the platform should help ensure that it is even more accepted in the following months.
Invest in Ripple | Supported by a brilliant team
Ripple has some very big names behind it. The San Francisco-based fintech company was founded in 2012, although the roots of the project go back to 2004. It was developed by Jed McCaleb and Chris Larsen, two very brilliant minds. Today, the team also includes CEO Brad Garlinghouse, CTO Stefan Thomas and chief cryptographer David Schwartz.
Invest in Ripple | Technology giants invest in Ripple
Smart decisions, a lot of work and the right connections have made Ripple the crypto giant it is today. Ripple is currently supported by major investors such as Cambridge Global Payments, Star One Credit Union, BBVA, SEB, SBI Remit, eZforex and technology giants such as Google, Apple, Airbnb, Asana, BuzzFeed, Coinbase, Facebook, Twitter, and Snap.
Invest in Ripple | Ripple’s XRP is still cheap
This may be surprising, especially when you consider that it is in second place in terms of market capitalization. However, the truth is that Ripple’s XRP is one of the few top cryptocurrencies that can be bought for well under $ 1, which makes it suitable for low budget investors as well.
Invest in Ripple | It doesn’t really have competition
Although Stellar is considered Ripple’s main competitor (since both projects were co-founded by Jed McCaleb), there are a number of differences that will prove this point well. Perhaps the biggest difference between Stellar and Ripple is a philosophical one. While Ripple has been designed from the ground up to appeal to banks and large corporations, Stellar’s goal is to provide affordable financial services to the unbanked, the people of the world’s developing countries.
Invest in Ripple | Low Transaction Fees
The article mentioned earlier how Ripple has extremely quick transaction times in comparison to traditional banking SWIFT transfer systems. An added benefit to this quick transaction times is the fact that Ripple has very low transaction fees and hence positions itself as the most price-competitive money transferring system out there.
Is XRP a Safe Investment
It’s safe to say that the hype behind Ripple is pretty much legitimate, as the platform has had some notable successes. Ripple is able to process every transaction within 4 seconds (much faster than most cryptocurrencies), the fees are very low, it enables international financial transactions with worldwide accessible payments. Further evidence of Ripple’s true success is its successful partnerships with more than 100 banks worldwide, including some of the biggest names in the industry. XRP is a token that represents the transfer of values across the entire ripple network. The main purpose of the XRP is to act as an intermediary for others – both cryptocurrency and fiat exchange. The best way to describe XRP would be to say that it is a “wild card”. Not the creepy Batman enemy, but the card that can be any other card. If you want to exchange dollars for euros, you can exchange dollars for dollars and euros for euros to minimize the fee. As described above, the ripple transaction cost is $ 0.00001. It is interesting to note that after the transaction, the amount of $ 0.00001 “disappears” from the platform and cannot be restored. So with every transaction, the world gets poorer by $ 0.00001. This is to prevent attacks by spammers.
It is important to understand that all investments in cryptocurrency involve certain risks. However, given the factors mentioned above, the low entry barrier, the low token price and the fact that Ripple is so popular and has such strong partnerships, Ripple is undoubtedly a very good investment opportunity for anyone who would like to make some money in the years to come. Leave your foreign currency and digital currency payments to expay24. contact us. Get advice from our team of professionals and ask us your questions.