Maybe you wait until after August 1 to see what happens with the market and Bitcoin situation or you jump back in now.........Now is the time. Guys- RIPPLE IS CHEAP, 50% below its high, it's under .20 cents! A $2000 investment will yield you 10,000 XRP. If you HODL over the next 2-3 years, you will be looking at a MINIMUM 1000 bagger. A millionaire under these circumstances. There is so much upside from here.
Ripples sole purpose is becoming the worlds largest payment platform for banks. Banks are flocking to Ripple, as it solves three problems to cross-border transactions that plague SWIFT's nearly 11,000 member banks. If you don't know about SWIFT, it is the Society for Worldwide Interbank Financial Telecommunication. SWIFT facilitates $5 TRILLION per day in cross-border payments among these nearly 11,000 member banks. And 43 years ago, SWIFT provided a valuable global service. But in todays' cost-conscious, speed-obsessed world, SWIFT no longer works. It's slow, it's opaque and it ties up a lot of money..........That's why the worlds banks are flocking to Ripple, which already is entrenched in disrupting the entire SWIFT model.
Ripple is not green, the idea for Ripple started back in 2004. they are already a leader, with a solid foothold established in blockchain banking. At least 15 of the worlds TOP 50 banks have agreed to use Ripple, as have 56 banks in Japan
Ripple is faster. Banks can send to any other bank on the Ripple network within 5-10 seconds compared to SWIFT's 3-5 days. Seriously!
Ripple is cheaper to utilize. Recent reports have claimed Ripple is 42% cheaper than SWIFT. According to Ripple, it estimates that as more users adopt their platform , those cost savings will climb to 62% over time.
Ripple is more transparent, as it was built on the blockchain, as exact cost and exchange rates are visible , unlike SWIFT that can take days to track down a payment.
Ripple does away with with the need for 'nostro' accounts (SWIFT's required collateralized costs of at least 33% for each and EVERY established banking relationship). This alone, is huge!
Ripple has created a set of protocols that govern how money is sent around the world. Like Ethereums' network, banks can build branded payment apps on top of Ripples protocol. Rather than spend millions on building their own private payment networks, Ripple has made it cheap and easy for member banks to build payment apps over their global network. Santander has already easily done this.
Ripple can operate real-time payment spanning several different payment networks in fiat and digital currencies within seconds. Since June 1, 2017, Ripple debuted its game-changing (ILP) Interledger Protocol. Ripple has no problem with scaling, it can now match the same transaction volume of VISA!
Ripples foundation has about 16 billion worth in available financing via its token holdings. This is to spend on development, marketing and promotion. Despite their already strong position now, this gives them the money needed to catapult it to the global payments leader its destined to be.
Guys, I just want to pass on the research I've learned about this crypto. Hope you learned something valuable here.
Don't wait............participate
Informative post
Now, don't get me wrong... I'm a huge proponent of XRP. I believe 100% in what they're doing and think they'll do amazing things in the future. But I am curious where you're pulling a $200/XRP value from, in only 3 years.
At the current supply rate, XRP alone would have to make up $7.3Trillion in market cap. That's going to be incredibly difficult to accomplish seeing how the current Total market cap of all crypto currencies is under $100Billion.
And that doesn't take into consideration the amount of XRP sitting in Escrow waiting to be released. Once we're at 50Billion XRP circulating in supply, the market cap would need to reach $10Trillion in order to maintain a $200/XRP valuation.
Solid blog. Thanks for bringing this to my attention. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. I was wondering if anyone of you uses: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. Go to: https://www.coincheckup.com/coins/Ripple#analysis To watch Ripple Analysis.