XRP or ripple is currently the 3rd mist valuable cryptocurrency in the world according to some source. The main aim of Ripple is to transact and receive money through banks and receive money through any banks possibly near every corner of the world instantly at a very low cost, using XRP cryptocurrency.
In the mega world of virtual coins or so popularly called as cryptocurrency, Bitcoin is headed with the king’s crown due to it’s high price. But now, as you can competition is almost everywhere so , to compete many other cryptocurrencies have been made in the past few years which also includes Ripple.
Ripple on the trading platform is named as ‘XRP’ . Invest is both good or bad depending upon the product that you have to invest.
For me, it’s still a good investment but before reaching any conclusion you should began to search on this for the sake of your satisfaction.
It transfers money almost instantly whether it had to be reached cross border or internationally at almost low cost for e.g. you can send 1 lakh rupees to someone who is living in other country in just a nanosecond and it will cost you less than 1 cent unlike other banks which transfers money across other country in 1-2 days at high cost.
Ripple is safe because it has partnership with over 100 banks that includes Bank of America, JP Morgan, Standard Chartered, American Express etc.
The transaction led by XRP is binded peer- to- peer so there is no question of failure.
XRP is really a good investment and it can be proved by the following points:
- It is Valentine of several banks:
Several banks have also started to use ripple as a money transfer among other banks . They found Ripple very safe and secure way to transfer money. Here are the name of some banks that uses ripple method for money transferring like Axis bank, Credit Union , MUFG , Cambridge Global Payment etc.
- Centralized company own ripple:
Due to it’s centralization with Ripple Labs, it is safe method of investment unlike the bitcoin which are decentralized and has no connection with any bank.
Other cryptocurrency like Bitcoin is not controlled by any Central or governmental authority so it’s not safe to invest in them because if you are facing only losses then your condition will be really poor and miserable but in the case of Ripple, scenario is very different. As it has huge connection with it’s own Ripple Labs that atleast provide money security.
- Has it’s own PR department:
Unlike other cryptocurrencies, it has it’s own PR department that us always there for promotional strategy of your product. So, if you that your investment should made a good response then you can surely trust Ripple Marketing Strategy.
- Lower transaction fees:
Everybody in this world want to save every single penny as much as possible. When the matter comes of investment everyone pray to Almighty God that God! Please, atleast lower the transaction fees of investment so that I can add this extra money somewhere else to do some important work.
So, Almighty God has heard your innocent prayer and introduced his blessings in form of Ripple because it’s transaction fees is less than a penny and this feature makes it one of the toughest competitor among all the cryptocurrencies.
Ripple is one of highly praised cryptocurrency and is almost very safe to use because of it’s peer to peer technology.
I can actually see that future of Ripple is bright be it in investment or other things due to it’s tie up with many banks, less transaction fees, nanosecond transfer technology.
So, if you are planning to invest in XRP , you can easily buy it from BitPanda using cash if you are living in Europe or from CEX using cash from any corner of the world. Build a strong profile, nurture your marketing strategy, see the market behavior before in any company so that you are assured with your profit. The following are the some point that is being concluded:
- It is gaining popularity above other cryptocurrencies. 2. Ripple is popularly called as XRP on trading platform. 3. For investment, ripple is a good idea. 4. It has it’s tie up with many banks that are very eminent thereby providing
you security of money. 5. A centralized company will own Ripple, named as Ripple Labs. 6. It has very low transaction fees so you can easily save your money. 7. Unlike other cryptocurrencies, it is governed by many banks so you need
not to worry about your invested money. 8. But, for proper investment you should possess proper skills otherwise your
money will be surely wasted and you will always facing losses.