íàçâàíèå

Coin Of The Year 2018 – Ripple [XRP] could be a strong candidate

Coin Of The Year 2018 – Ripple [XRP] could be a strong candidate

Having a fast money transfer network and cryptocurrency, Ripple (XRP) has been embraced by many banks for being a legal way to transfer money rapidly and most importantly with fewer fees. Since the beginning of the company’s career on 2012, Ripple’s intention was to acquire an important place on global settlement networks that are created to give permission to anyone to transfer money in any currency within seconds; in this case slowly but effectively replacing slower and expensive international transactions or payments systems, for instance Western Union.

Having to go through a lot of procedures with traditional payment systems, being way more limited, and also having it difficult to do exchange fees for transactions between various currencies – something better is required. Luckily, the ‘Top Cryptocurrency to Be’ – Ripple, uses its XRP currency as a common denomination currency making it possible to do easy money transfers between many existing currencies

A huge number of global banks and financial institutions including American Express, have already accepted Ripple as one of the best ways to transfer money, acknowledging the advantages of using it, being fast and effective.

Considering that the good news spread around about the Ripple Company and the XRP cryptocurrency has brought some legitimacy from a costumer’s point of view, the reputation in the cryptocurrency is at skyrocket. Apart from the support of many large banks and financial institutions, the value of Ripple XRP has experienced a dip recently. During 2017, the price of Ripple’s XRP experienced much unbalance, jumping more than 7,000%.

Throughout January 2018, the XRP was trading at a high of $3.41 US. Nonetheless, halfway through March 2018, the value of the cryptocurrency fell again to exactly $0.68 US.

A great number of cryptocurrencies have the probability for an upward pricing route when marketed accurately. Yet, when prices decrease most investors start panicking and sell off nearly all their holdings.

When prices slump, there is always a few number of investors willing to take a risk, acknowledging the advantage of the opportunity to purchase more cryptocurrency while values are cheaper. Some investors tend to investigate crypto opportunities with more firm financial backing, in this case Ripple’s XRP; while others direction goes directly at the cryptocurrencies making headlines in the news.

Before investing on the cryptocurrency industry, remember you should first analyze and take time to research any opportunities given – knowledge is the essential asset. Examine the company behind the crypto projects, and make sure you understand their strategy as well as its position within the market.


19.03.2018 / 10:54 24
Ripple’s [XRP] xRapid Solution Provides High Liquidity for Cross-Border Payments Ripple’s [XRP] xRapid Solution Provides
The team behind Ripple have published a new blog providing old and new investors with all the details regarding its liquidity solution through
Ripple xRapid Platform for Cross-border Payments Finding use by Cambridge Ripple xRapid Platform for Cross-border
Ripple’s xRapid tech service is appearing to be very attractive for the Cambrige Global Payments as it offers very speedy transactions to be
Ripples New Global Head of Banking Talks About RippleNet, PSD2 and the Future of Payment Ripples New Global Head of Banking
Cointelegraph spoke with Marjan Delatinne, global head of banking at Ripple, about her experience, banking, and the future of global payment. Since
61 Japanese Banks Tap Ripple Blockchain Consumer Payments App 61 Japanese Banks Tap Ripple Blockchain
A consortium of 61 Japanese banks, comprising over 80% of the country’s banking assets, are gearing toward the launch of a retail consumer payments
Ripple-Powered Mobile App to Provide On-Demand Payments in Japan Ripple-Powered Mobile App to Provide
The Japan Consortium is set to launch a revolutionary smartphone app called “MoneyTap,” which will allow customers to settle transactions
Ripple Enthusiast Might Have to Get Ready for Wallstreet Ripple Enthusiast Might Have to Get
Following the many news, partnerships and company developments this could be the best time for a Ripple IPO. All the events open gates for the firm
Comments (0)
Add a comment
Comment on