RIPPLE COIN:
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP(ripples). Released in 2012, Ripple purports to enable "secure, instant and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.The network is decentralized and can operate without Ripple (enterprise), it cannot be shut down.[ Among validators are companies, internet service providers, and the Massachusetts Institute of Technology.
Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that "from banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security. (source: wiki)
As we can see the current value of XRP is $0.226506 and it stands in 3rd position after bitcoin and ethereum with market cap of $8,685,110,250.
This clearly shows that people have huge trust in it. Since the ripple coins are designed for banking, It is not a decentralised currency.
WHY TO INVEST IN RIPPLE COIN?
HERE ARE TWO MAIN REASONS:
1) Designed for banks:
Since the market cap of banks is in trillion dollars, it will be insane to say that the bank will be down overnight.
This is good news for Ripple and a strong case for investing in it. Ripple has already been adopted by dozens of banks — 10 more just signed on in April:
- MUFG
- BBVA
- SEB
- Akbank
- Axis Bank
- YES Bank
- SBI Remit
- Cambridge Global Payments
- Star One Credit Union
- eZforex
This makes Ripple the first digital currency to be adopted by mainstream financial institutions. It’s only picking up momentum.
2)HUGE MARKET CAP:
The increase in market cap assures that, the business is gaining trust of investors. Since its market cap is 8 billion $ with less than dollar per ripple, it is easy to say that it will be very hard to say that it will downfall overnight.
IF YOU WANNA INVEST CHECK IT HERE
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