Ripple XRP cryptocurrency has been in the news for most of the current year. It’s been a mix of fact and rumors but it just keeps the industry’s attention. That is not a coincidence. The whole point of XRP is to provide a cryptocurrency for institutional transfers that are safe (as opposed to retail transactions for end users), and the fact is, it’s worked so far. Banks and other financial institutions are buying it and maybe you should as well. Let me tell you why.
The banking industry is going for it
According to Ripple’s plans for XRP, they will be partnering with half of the world’s bankers so they adopt the XRP crypto coin. This is not random. As stated before, XRP has always been meant to be a transfer tool between institutions instead of a coin for end users. That’s what Ripple meant, and that is exactly what is happening.
Ripple is just as safe as bitcoin or any other alt-currency but it’s much faster, and transactions are cheaper. The sheer speed and convenience it offers can change the game itself, keep an eye open for it.
Ripple’s processor platform is popular!
It’s handled more than a billion bucks over the last week! We are not exaggerating, everybody want’s a piece of Ripple’s processing platform. If you want credibility and stability just think a billion dollars! This achievement has come through Ripple’s partnership with Tencent Holding Limited (that happened earlier this month) but it’s real.
These transactions are both domestic and international. But the volume is huge and it just confirms how reliable XRP has become. And you should probably become part of it.
A Bank a week strategy of Ripple
More than a hundred banks are currently testing Ripple’s rapid software. It will make them liquid in no time at all. Ripple wants to have about two hundred banks in total, which means they get a new bank every week giving XRP a go. And they’re getting them. So, if Ripple will have its way, a local bank near you will be in the coin’s ecosystem before this year ends.
The xRapid system is very versatile and easy to implement so it fits into any local bank’s system quickly. Some critics say that this kind of integration into the system will make the coin lose value, but the market has disagreed so far. In the end, more transactions and increased demand can only mean this crypto coin will be more valuable. You decide on your own.
Unparalleled transaction speed
You probably know already that doing transactions through the mostly used cryptocurrencies takes time. But did you know that XRP’s transaction speed is faster than even VISA?
Speed combined with reliability is making XRP a trusted currency the world needs and more banks are going for it every week.
Remittances: XRP, not Paypal
Remittances are a huge piece of the market and the preferred way to do them over the last few years has been Paypal. That is changing. As banks realize how quick, cheap, and reliable XRP is – they’re just going for it for their international transactions.
In fact, Ripple has been so successful at this that they are now being sued (by PayPal, yes, when you are sued by a competitor that means that are afraid of your ideas) and investors are just paying attention to find out how it plays out. You should do as well, of course. The fact remains: XRP is useful, efficient, and it’s done nothing wrong. It’s just outperforming traditional financial transactions and the establishment has nothing to answer with but lawsuits.
If you are a Paypal user, you already know what financial tech and blockchain tech can do for you. Well, XRP is just like that. It’s just bigger and more convenient and it won’t be long before you feel the benefits.
Ripple wants you (the users) to hold XRP
Financial and money markets are notoriously unstable. That’s where every economic crisis has started. Ripple wants you to avoid that kind of pitfall by owning some XRP currency. It’s already becoming a world standard so you can’t fail, and as it grows, its value will surge.
Banks are being cautious and observing what happens. But they are also demanding more XRP so scarcity will bring increased value along, and you could benefit from it. By Q2 direct conversion from XRP to fiat will be available, and then you will have plenty of reasons to celebrate. Join in now.
Digital currency marketplace and Ripple’s XRP
Blockchain technology is on your side. It makes transactions so much cheaper, which users are just starting to realize now. It’s so dramatic that banks and smartphone financials could just change bigtime soon.
Just think about this: Starbucks, MoneyGram, Western Union are already in Ripple’s pocket. That means they could be in your pocket. Do you want to be in or to be left out?
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Jim Makos via Flickr
What Changes May the Crypto Space Experience in 2019
After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.
However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.
Bitcoin ETF approval
The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.
Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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