5 Reasons to Invest in Ripple
Digital currencies have emerged as one of the profitable investments since last year. People all over the world want to make money expecting four-fold returns. While Ripple emerged to be the newest attraction starting from 2018.
With Bitcoin, still, the largest cryptocurrency by market cap, having a quiet start to the year, many investors have started looking for alternatives to invest their money. Ripple, still holding the second spot in market cap against many rivals, seems to be a better option for individuals to invest in. It is busy revolutionizing the way we transfer money and receive payments. Soon, it will change the way we bank and conduct business around the globe.
Reasons why Ripple is becoming the priority over others steadily:
1. Adoption of Ripple by Banks
Ripple’s blockchain network, RippleNet, has been adopted by close to 100 major global banks for transfers. However, with the advent of Bitcoin, it would be foolish to think that banking system will disappear overnight. Well to disappoint the fans of Bitcoin, the reality is different. We are more likely to see the incorporation of digital currency into our everyday financial lives through large players(major global banks) in the financial world.
Ripple has already been adopted by dozens of banks making it the first digital currency to be adopted by mainstream financial institutions. It seems to simplify the financial system. You will be able to send money to anyone, regardless of what bank they have, through the same simple channels secured from both sides.
2. Execution Speed
Here, the speed of execution actually means how long it takes to settle transactions of cryptocurrencies. Traditional money transfers used to take close to 5 days to go through. Bitcoin reduced this to almost 1 hour. If you will invest in Ripple, you will see your transactions will take time of mere 4 seconds approximately. By the time you will call your fellow about the status of your transaction, it would have been already done. Interesting, right?
Ripple, using the more recent third-generation technology, has the ability to carry out 1500 transactions per second. Its users are going to experience transactions at lightning speed.
The price of Ripple stands around $1.9 despite being the second-most valuable currency. This is one of the main reasons why individuals around the world are getting interested to invest in it. Ripple offers them the opportunity to join the cryptocurrency at a very affordable price.
Bitcoin nearly rose to 36,000 percent last year and to surpass Bitcoin, it would require a rise of 164 percent, provided the price of Bitcoin doesn’t rise high. Also, other currencies which are trading at high prices cannot rise by such a percentage.
4. The Expansion of Ripple
Ripple, which originated as a start-up, is famous for its high-proportion of technical experts, cryptographers, and developers. The team is outgrowing their startup roots to Asian countries. Exchange platforms have to offer the most popular currencies and Ripple is certainly one. Once the platforms offering Ripple increase, the users will increase greatly eventually creating a huge demand for the cryptocurrency.
5. Higher Return on Investment
This is another very good reason why you should invest in Ripple. XRP(currency of Ripple), despite remaining cheap, has made a significant progress in the digital world. The huge amount of coins released, 100 billion XRP coins, is believed to be the main reasons behind this. This had discouraged who were afraid that the market could suddenly be invaded by a large number of coins. This myth was shattered recently when Ripple announced that it would block 55 billion coins in the Escrow just to get rid of any fears.
The return on XRP investment is believed to be 300% going by the recent rise in the price of XRP.
Unlike Bitcoin, the stability assures users that it is not fully decentralized and the company is in control making Ripple the best currency to invest in.