Well currently Ripple is the third most valuable cryptocurrency, having surpassed both Bitcoin Cash and Litecoin.
There are many reasons why Ripple could be very big in the future and I have addressed many of those (including partnering with JP Morgan, sub-penny transaction fees and 4 second transaction times) in this post: Is Ripple a good investment? Why should I invest in Ripple (XRP)?
Firstly, banks will not be selling Ripple, in fact they will be buying and using it themselves to transact with one another almost instantly and on a global scale since that is Ripples original goal.
Secondly for Ripple to be more readily available it will need to be accepted by more fiat based exchanges (this is explained in greater detail further down).
One advantage of Ripple that hasn’t been mentioned is the high coin supply which makes it very suitable to be used as a currency.
Even though Bitcoin itself is divisble like a dollar or pound (Bitcoin can be divided into “satoshis”), Ripples ultra-low fees make it currently more suitable for transactions ranging from micro-level to larger more substantial remittances.
On top of this Ripple itself is divisble up to 6 decimal places and these units are called “drops”.
Pounds have “pence”
Dollars have “cents”
Bitcoin has “satoshis”
Ripple has “drops”
Now here is something interesting, as noted earlier, Ripple has partnered with JP Morgan who have been critical of Bitcoin (despite apparently buying Bitcoin themselves when the price dropped in September), that makes you think, doesn’t it?
Another thing to note is that Ripple has grown over 35,000% last year without even being able to be bought with cash like Bitcoin, Litecoin and Ethereum can be, this is important to take into account since Ripple was recently added to the European cryptourrency exchange BitPanda which means that people who live anywhere in Europe can now buy Ripple using cash.
There has also been rumours about Coinbase adding Ripple to thier platform, even though these rumours were later denied, that does not mean that Ripple won't be added in the future.
I can see this happening since they already added Bitcoin Cash which then doubled in price shortly after, on top of that, below is supposedly leaked footage showing Ripple being tested on the Coinbase platform:
This is another factor that could make Ripple readily available to the public and possibly increase its value by a lot.
Final thoughts:
At the end of the day Ripple and Bitcoin were intended to serve different causes by their creators:
Bitcoin was intended as a digital, global, uncontrolled, peer-to-peer currency.
Ripple is intended as an ultra fast and cheap way to transfer value across the globe, especially for banks.
They have both seen massive growth and are even being used for many more purposes than originally intended.
Will Ripple be as big as Bitcoin one day? Only time will tell but one thing I can say with confidence is that Ripple is here to stay.
If you plan to invest in Ripple (XRP) you can buy it using cash from BitPanda if you live in Europe or buy it from Binance using Ethereum or Bitcoin from anywhere in the world.
You can also check out this guide here: How to buy Cardano, TRON, Stellar Lumens, Ripple, Nano/RaiBlocks and hundreds of other cryptocurrencies
I hope you found this post helpful, feel free to check out these useful resources below:
Keep your cryptocurrencies safe and secure with a Ledger hardware wallet.
Buy Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash from BitPanda if you live anywhere in Europe.
Buy Bitcoin and Ethereum from anywhere in the world using CEX or Coinmama.
Get your favourite cryptocurrencies/altcoins from Binance cryptocurrency exchange. (Note: You need BTC or ETH to buy altcoins).
I feel XRP will have another big jump, i think the banks will use the system they have made but not the token. XRP could be BIG or could fizz out. only time will tell, and yes i hold about 40% of my investment inn XRP. Big risk can go 2 ways..........up or down
I agree, I feel Ripple is one the cryptocurrencies that will still be around in the next 5 - 10 years.
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I love Ripple. Many people don't and that's okay. As a financial analyst, fundamental analysis is key and Ripple had it from the beginning! I bought it when it was less than 10 cents. The company have what it takes to become very large!! Also, please share the source of Ripple partnering with JP Morgan. Cheers!!
Yes, Ripple is definitely a game changer, I can't wait to see where Ripple will be in the next few years, by the way this website has a list of Ripple's partners, if you scroll down you will see JP Morgan:
http://gtgox.com/partners-of-ripple/
Ripple is not partnering with JP Morgan. The bank is participating in a study lead by the Singaporean Central Bank. This website is resourceful!