Growth on Ripple is continuing and the capitalization of cryptocurrencies currently reaches almost USD 100 billion, thus giving it the second place in the cryptocurrency ranking in terms of capitalization. It is true that Bitcoin (from the market cap $ 229 billion) is still far away, but Ripple has something that Bitcoin lacks and that can give him a big advantage - the Ripple system is used in practice by global financial institutions.
The Ripple project has been appreciated by banks thanks to the fact that it provides almost instant and free of charge international payments. Unlike Bitcoin, whose fees have recently exceeded the value of the prize for the block.
Most of the Ripple (XRP) is still in the hands of Ripple Labs, thanks to which the company can influence the price of cryptocurrencies and stabilize its fluctuations, which is an invaluable advantage for the banking sector.
Fallow and upvote @trzynasty1388
Ripple is more hype than substance. I would avoid. If you like what Ripple is capable of, Stellar is the better run coin.
And why is it that stellar is better? I have little knowledge about these crypto
Ripple made its move about 2 weeks ago when it went over 100 billion in market cap. But it was just a scheme by the bankers to pump the coin. XRP is a centralized banker coin. We should stay away from it as much as possible.
Do you think that it will be crypto managed by banks?
No.
Why?
Ripple is super centralized and has zero use cases that couldn't be done without a blockchain. It goes against the whole spirit of crypto currencies