Why You Should Invest More In Ripple (XRP) In The Current Market

Released in 2012, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. It is also known as Ripple Transaction Protocol (RTXP) or Ripple protocol. This coin is based on a shared and public database or ledger. This coin is widely used by many reputed companies such as Unicredit, UBS, and Santander and it is also adopted by banks and payment networks.  According to the cryptocurrency market experts, Ripple has a number of advantages over other important cryptocurrencies like bitcoin.

It is true that Ripple is one of the most popular coins in the realm of cryptocurrencies. It is a kind of cross-border payment system without any sort of drawbacks like longer transaction times and high rate of fees. However, the current market environment is valuing the price of the Ripple (XRP) way too cheap. Based on estimations made by crypto market experts, the future of Ripple is quite bright in the coming years. Some of the important reasons to buy Ripple are discussed below:

Reasons to Invest in Ripple:

Although the price of ripple is a bit low yet it is the ideal time of investing in Ripple. The reasons are discussed below:

1. The partnership of Ripple with Bithum-Korea Pay Service:

Bithum is considered as South Korea’s biggest cryptocurrency exchange and its recent partnership with the Korea Pay Service boosts the value of a Ripple in the near future. This recent news actually attracts more investors to spend on the crypto token in South Korea. The increased use of Bithum actually increases the volume of XRP trading. It is the South Korean traders who anticipated 100 % surge in Ripple price a few months earlier and there is a huge possibility that the same might happen again.

2. London Block Exchange and Uphold Prefer Ripple:

Uphold, a well-known crypto bank provides you the opportunity to buy and hold Ripple without any transaction fee and you can convert it to 23 fiat currencies and 7 other cryptocurrencies. You also have the opportunity of converting it in 4 precious metals. London Block Exchange, UK’s only crypto exchange also added Ripple. This results in price surge of Ripple and there is a great expectation that your investment in Ripple will surely pay you huge dividends.

3. Ripple, identified as a suitable solution by the Central Bank of Netherlands:

Ripple is used as a payment system by the two German and American banks and there are many well-known financial institutions that are experimenting with the Ripple and its network. Ripple is also identified by Netherland’s Central Bank as a suitable solution to have a more efficient payment system.

4. Ripple’s partnership with Western Union:

Ripple has entered the trillion dollar industry. In the month of January Ripple CEO, Brad Garlinghouse declared its partnership with top three money transfer companies. Western Union is one of them, and its partnership with Ripple helps both in creating a solution for users all over the world. Western Union app has made the system more user-friendly by allowing the users to send funds to more than 500,000 agent locations around the world. This 24X7 service also provides the users the opportunity to transfer funds in a quick and secure way. This app in fact goes on live in Jamaica also.

5. Holding of coins will further raise the price:

Ripple (XRP) is in the news for quite some time because of its frequent association with big entities from all over the world. The only reason why the prices are still low is that the three payment settlement software which is used by Ripple does not use XRP coins. However, according to the views of the cryptocurrency market experts, Ripple will see a great boom in near future.

Conclusion

Thus, Ripple has a bright future. The investors who have realized this are trying to buy and HODL on to their coins. This, it will drive the price of Ripple as the circulation will come down. On the other hand, a lot of promotions have been made by the Ripple investors. If the partner organizations start using Ripple coins then the price rate will become higher instantly.

These are some important reasons, why you should buy Ripple (XRP) right now as the price is quite affordable. An opportunity like this is really rare and you should grab this instantly. According to crypto market expert’s predictions, the coin will grow at a breathtaking pace.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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