Ripple (XRP) 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 friction less 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. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads.
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. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s hard to say how soon or whether Ripple will be able to take SWIFT down or not. However, it can indeed break the monopoly of SWIFT over the international fund transfer.
With a promising financial technology for future and growing network of banks, Ripple’s cryptocurrency looks like a promising long-term investment. With more investors becoming aware of XRP and a growing awareness towards its technology, XRP’s prices are expected to rise in 2018. In the first half of 2017, XRP’s price surged up to 4000%. As the trading volume of this cryptocurrency is nowhere near the most popular cryptocurrencies, BTC and ETH, it is expected to witness at least one-fourth or half the spike as seen in 2017. Therefore, it is predicted to rise above $2-$5 in 2018. This may be the Coin of the Year 2018.
Scamcoin pump from a newbie account. GTFO you fucking clown, trying to persuade and manipulate people here in thinking XRP is anything legit. The damage is already done, and it's severe.
I'll say this again, XRP Ripple is the biggest scam/shit coin ever made in the history of crypto. The founders have actively fucked hundreds/thousands of investors, by creating a manipulated, self-controlled currency. At any moment and time, billions of new coins can enter circulation without any repercussions to anyone but the little guys.
If you made profit or are going to, then kudos to you, but know you are actively trading in the highest-risk crypto ever made, not only influenced by market swings, but by a centralized, un-trusted authority that has control over every single coin you own.
Not even the coins that scammed 100's of btc from investors are as bad as ripple, because knowledge and lessons that were learned from the scamicos, helped new investors become smarter and more aware. Essentially, scamICO's helped the greater good. I've rarely seen scams in the past months, because they are so much more less infrequent due to the growing knowledge of everyone here.