The world of Crypto Currency and alt coins were oblivious to me until about a month ago when I stumbled upon Ethereum on eToro.
Since then I have been on a rollercoaster ride with buying and selling Eth and Bitcoin. I never realised how far Crypto Currencies and alternative coins had come in the last few years.
After all this messing around, I came across Ripple also known as XRP in the alt coins trading industry. I reviewed their website and was astonished to learn that it is a digital currency that is already being used by some major banks throughout the world.
To name a few:
UniCred
Standard Chartered
Bank of America
ATB Finacial
NBAD
CIBC
At only around $0.29 per unit, people would be mad to give this a miss as the future of Ripple seems really bright. As the days go on, there are more and more banks jumping on board. One of the biggest banks in the world has jumped onboard.
So what is Ripple?
It is a crypto currency that makes sending and receiving money through banks anywhere on the globe near instant at minimal cost. This is great for banks because everyone wants to save money. This also means that more transactions can take place. The potential is great for this digital currency in the long term.
Below is an image that show an example of how interactions between banks take place.
Are you interested in Ripple? If you're interested in making some financial gains from this digital currency in the long term, then what are you waiting for?
You can buy the currency on exchanges such as Bittrex, GDax, BitStamp and hopefully soon on CoinBase.
Do you have a crypto currency that you have invested in and looking for profit in the long term? Please share!
G Ahmed.
Ripple does seem to suffer from some wild price fluctuations and for that reason I am hesitant to put a large position within it. I fully understand that it may be the future of banking but I am still initially hesitant to invest too much into it. That said though, I do hope that it achieves it's desire however and proves me wrong as the goal of the system shows great promise and provides a well needed bridge between banks.
There is too many coins! I would rather something a bit more sparse
You're right. I have a portfolio of only 5 different coins. These are useful and not just any junk.
I wish people d stop refering to a coin's price to argue whether or not it is cheap. That is a totally wrong view. If you want to compare coins, you should look at their market cap. From that perspective, XRP is actually rather expensive...
Isn't market cap deceptive for cryptocurrency because not all the potential coins have been mined yet, and only a fraction are actually in circulation?
Good article. I was about to post a similair post. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? I really advice people to take a look at: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. On: https://www.coincheckup.com/coins/Ripple#analysis For a complete Ripple Detailed report