Despite the overall market volatility of cryptocurrencies, XRP from Ripple remains a very promising token for many investors. And there are many reasons why XRP is so promising as cryptocurrency, and how he could become the first token, escaped under the influence of bitcoin in the near future. Let’s look at some reasons why XRP has good prospects in the future.
The first of these is a big field of use. What separates XRP from other cryptocurrencies, it is clear and understandable. XRP is considered to be a cryptocurrency for the banking industry and was created to facilitate Bank transfers. Banks have proven that they are happy to use the Ripple blockchain, through which transactions with XRP are more transparent. But the fact that much XRP is centralized, also makes it less interesting for speculators, which is very convenient given the scope of its use. And although it may be a problem for traders with fluctuations, stability XRP makes it more reliable to store savings.
However, the scope of use extends not only outside of banks. Since the purpose of XRP is to facilitate remittances companies such as Western Union and Visa, which are also daily to process cross-border transactions, XRP and learn how they can integrate them into their operations. And some of them already use the products of Ripple, and XRP.
The second reason is the technology used by the XRP. The technology behind XRP is why XRP is one of the few cryptocurrencies that actually receive recognition from financial institutions and analysts. XRP really has a chance to turn the game in the banking sector and to overthrow from the top of the SWIFT system. Gear by XRP can be done in just four seconds, and without any commissions or fees. SWIFT transfers are more expensive, and the duration can take up to five days.
The third reason is a sound strategy. Ripple is also very different from the giants of cryptocurrency, like Bitcoin and Ethereum, that the company actually operates as a business. More than 100 banks are already testing products Ripple, and the company intends to sign partnerships with over 200 banks, while continuing to actively recruit new partners. This means that the demand for XRP will eventually increase as more and more banks and financial institutions or decide to use their blockchain or their token.
The fourth reason is to support the Ripple from the leading tech giants. Ripple benefits from the fact that he associated with giants such as Google, which by the way was one of the first supporters of the cryptocurrency. Both Apple and Google said that they see a future in using the blockchain as a payment method on existing credit cards. Google saw a Ripple in the ability to make international payments easier and more secure.
Ripple XRP is definitely one of the most promising cryptocurrencies on the market. It has a reliable sphere to use, is already gaining recognition from major institutions and is developed with one of the most successful teams and technologies.
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