I think that of all the crypto currencies Ripple is one of those coins in which you definitely need to invest.
This is a working product that banks use. That is, in fact, this is currently the only currency accepted by many banks (about 50) for mutual settlements between them.
These banks have already used the Ripple system in interbank transactions.
In addition, Ripple has an
excellent development team that understands the needs of the modern banking system. Therefore, their product best meets the needs of banks. This is what guarantees the success of the ripple in the near future.
When did a currency become an investment?
Yes its so good the lead dev lost (indendioally) beginning of database.
Total garbage, Banks have a working agreement with Ripple Inc, no bank has or ever will touch scam XRP tokens and Ripple them-self only extreme rarely.
XRP is pure slaves money, i can refuse to establish a connection.
No doubt everyone has the right to their point of view. I respect your point of view. But, in my opinion, the ripple is one of those coins that will be massively accepted as one of the first.
This currency, like everyone else, has its strengths and weaknesses. Therefore, society accepts all currencies as they are and simply chooses from what is presented on the market. At the same time, development teams eliminate the weaknesses of the projects, trying to attract more investors. Ripple is trying to meet the requirements of the modern banking system, they have made a bid to become convenient for banks. It is for this reason that this is the first project that has achieved such success. I don’t know how it will develop in the future, but at the moment I am sure that the ripple is a currency with great potential.
XRP can be considered a backup asset of the Ripple platform. Token allows users to exchange almost any currency for it and transfer funds to any country via the Internet. Then the user changes the tokens for the currency at their discretion. After each XRP exchange, the demand for it rises, which leads to an increase in prices.
Learn more about the strengths and weaknesses of XRP:
Benefits:
1. Transaction speed. Ripple shows bandwidth that is not available to any of the best cryptocurrencies.
2. Transaction cost. Mandatory fee for transferring funds is only 0.00001 XRP.
3. Positive impact on the banking system. This project can be a big step from the traditional banking system to the decentralization of the economy.
Disadvantages:
1. Excessive centralization. The network is not as well distributed as classical cryptocurrencies.
2. The possibility of blocking funds by the company. This can lead to a loss of confidence in the project.
3. The number of tokens held by the company. Ripple holds more than half of the XRP.
This project occupies a completely unique place in the market, because it is not a classic cryptocurrency on the blockchain, despite its decentralization. Namely, the fact that his team actively cooperates with various banks and financial enterprises qualitatively distinguishes it from all the others.