If someone tells you to invest in this awesome coin that its about to blow up and about to surpass bitcoin, he is most likely lying or want to pump his coin to then dump it on your face.
Well, if he was talking about $XRP or Ripple, he might be right.
First we need to understand what is Ripple:
"RippleNet offers one experience to send money globally, using blockchain technology"
This is waht https://ripple.com/solutions/ says about their coin
Really similar to Bitcoin right?
Well, no.
What's different about ripple is its supply is largely controlled by just one company, San Francisco-based Ripple its a centralized coin with connection with actual real world banks like Santander (SANPRA), Bank of America (BAC) and UBS (UBS).
A few weeks ago several banks on japan were testing Ripple network, its said that Ripple will replace SWIFT in the banks.
Unless many coins, Ripple has a true value and its being used in the real world by huge companys.
Yes, its a centralized coin with government contracts and it can be traced, that goes against every principle of Cryptocurrency. THIS is what gives Ripple value.
Lets take a look back at Ripple price 1 week ago, december 20th
It was trading for 75 cents
Actual price right now:
3.05$ USD
Thats 300% of increase in just 1 week
Ripple is said to be the next true way to send money globally, once banks start using Ripple Network we could be able to send money from one country to another with 0% of commission and in less than 3 minutes.
So, you missed the Bitcoin train?
Invest in ripple while its cheap, we might be seeing the true next Bitcoin.
Very good