The fidget spinner of virtual currency. It gets it nick name from the logo closely resembling a fidget spinner. Also just like a fidget spinner Ripple can out of no where and took the world by surprise. Ripple is the name for both the digital currency, XRP, and an open payment within that currency is transferred. Ripple is still in early stages of it life, also known as beta. Ripple is seeking to break people free of the "walled gardens". What that means is the credit card companies, banks, PayPal all often charge fees for their services. Ripple is looking to remove fees completely while also reducing processing time of those transaction. OpenCoin is the company behind Ripple that is seeking to make it a big success. They mention that the goal of Ripple is to build on the decentralized digital currency approach set by bitcoin and do many other advancements to it.
Like many other things, Ripple is peer-to-peer. There is no need for a third party coming into the picture and make people pay fees. Chris Larsen is the CEO and has many plan for the future to make Ripple standout even more. Currently it is the 3rd highest rank coin in the market trading for about 90 cents. This is extremely low for the coin because at the start of the new year it reached its highest point at about $3.20. Moving forward, Ripple is no doubt in a very strong position, but hurdles still remain. For example, banks could adopt any number of competing cryptos for their purposes. In fact, once implemented, the Lightning Network will make Bitcoin as fast and efficient, if not more so, than Ripple. It is also possible that governments will seek to regulate how banks conduct blockchain transactions, which could easily interfere with Ripple’s goal of becoming the standard platform. Along with Ripple many other coins would also be heavily affected. In fact, the very crypto revolution is a potential challenge to Ripple’s business plan, as fiat could very well be replaced at some point. No matter what happens you can always check the current price of XRP here.
I don't usually encourage or tell people to invest their money into crypto unless they know a lot about it, but this coin is a safe bet. It has a great teaming backing it with a good open-source so that people can mine it. The market cap is under constant watch with only a 100 million going to be mined and the company itself holding half of that. The publicity on the coin is already huge, but still has huge room for improvement. Investing in this coin would be a safe place to increase your money. It is very safe to consider that Ripple is at turning point in virtual currency. It has huge potential to surpass Etheruem as the second highest rated. Ripple will change they way people look at virtual currency in years to come.
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