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7 reasons why you must invest in Ripple (XRP) now

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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

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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