Ripple. Some hate it, some love it. Whether you support it or not due to its involvement with government it is no doubt an outstanding long term investment. Currently they are being commercially developed with 75 customers, 60 of them are banks and the other 15 are other large financial institutions. The Ripple Consensus Ledger can handle 1000 transactions per second compared to Bitcoin's 3-6 transactions per second and Ethereum's 15 transactions per second. Furthermore, Ripple's ledger can send and confirm payments in 4 seconds, yeah you read that right 4 seconds. The deal with banks is that if multiple banks start using a system that saves them money, which ripple can save banks 60% on processing costs, other banks will fall under the use of ripple because they all flock together under one wing. When the SWIFT system came out all the banks suddenly started to implement the system because it was a faster way of sending money across borders. The funny thing is SWIFT takes 5-7 business days to send money across borders compared to Ripple's mere 4 seconds. The CEO of SWIFT even left to go join the Ripple team which proves many officials already know how much of an impact ripple will have on banks. Miguel Vias, the founder of Ripple buys as much Ripple as he can, this means that he knows some crucial information that the average Joe doesn't which gives me a sense of security. His wife gets mad at him because he buys so much! Ripple Consensus Ledger might be used one day as the bridge between all transactions which would revolutionize the cryptocurrency market in itself which would mean you could send any cryptocurrency to someone
in 4 seconds. XRP is only trading at 28 cents as of right now. If you want a real logical chance of being a millionaire this is the way. Imagine all of the banks in the world using the ripple consensus ledger to transfer money, literally trillions of dollars would be flowing through the currency. My friends, Ripple will revolutionize the payment industry, it is time that payments catch up with the current blockchain technology.
I personally wouldn't invest in ripple but I can see the potential in the early profits but I see it as more of a risky altcoin. Cus if the banks fall with the well over due collapse, guess what ripple will go for broke for all holding it. Which According to the web bot is going to happen to all invested in it.
i dont see all of the banks "falling" soon, its going to take another generation
In my opinion, XRP will only be used as a send/receive coin. If 1000 XRP are bought by bank A, then 1000 XRP will be sold by bank B, it's just a transfer coin, i don't see why banks would want to stock on them, i don't see big rise coming for that reason but i would love your opinion about this :-)
well why wouldnt banks want to save 60% on processing fees and send payments faster
Really nice post,
Followed and upvoted,
Will you plz do the same.
Best of luck to you. I hope it does go up.
thanks!
Do I hate Ripple? Yes
Do I own Ripple? Yes
Will I continue to buy Ripple? Yes
love ripple.. 20% of my port... here is 30% of my port
https://steemit.com/lomocoin/@earlyinvestor/lomocoin-fomo-or-a-real-opportunity
Good points in this article. Good to see I'm not the only one who thinks like this. 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 found this great website: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. For example: https://www.coincheckup.com/coins/Ripple#analysis To watch Ripple Report.