Ripple (XRP)

Connecting banks across the world.

Now I was not a Ripple fan when I first heard about it over a year ago, and that was mainly because it was known to be "centralized" unlike most cryptocurrencies that are "de-centralized" which basically means there is not a central office or controlling power.

However I have become more open minded to ALL blockchain projects of both types, and this is mainly due to the fact that most governments are centralized, and most countries might be more willing to use something like Ripple, because they may see it as more trustworthy.

On their website they state:

Ripple enables banks to open new revenue opportunities, lower processing costs and deliver better overall customer experiences. Integrate once to access the full potential of Ripple’s growing network of financial institutions and liquidity providers.

Infrastructure technology banks can adopt to power new payment services.

• Low Value Retail
• Corporate Payments
• Instant Payments
• Encrypted Transactions

Banks use Ripple for cross border payments to:

• Afford Banks Access to Transact Directly
• Speed Transaction Settlement to Real-Time
• Trace Funds End-to-End With Certainty of Delivery
• Minimize the Total Cost of Every Transaction

With Ripple banks around the world are already developing new payment products and services for real time cross border transactions.

15/50 of the Top Banks currently work with Ripple, and that includes 9 countries!

Banks are building Ripple right into their own platforms giving customers the ease of just signing into their bank accounts and choosing an option to send money (with Ripple working behind the scenes to send instant payments that protect the users information).

The one thing you may notice though is the fact that there is A LOT more supply of Ripple vs Bitcoin (2,345 times more than the current supply to be exact) which if divided mathematically (1756 / 2345 = 74.88) puts Ripple at about .75 cents with equal value to Bitcoin, but one thing to keep in mind about Ripple is the fact that they have "printed" more currency in the past, which is unlike Bitcoin in the fact that it has a set max supply (21 million) and that will not change.

So all in all I think there is use for Ripple (even if it does not dominate) and I think millions if not billions of people may possibly even use Ripple in the future.. whether they realize it or not!

Supply: 38,305,873,865
Ripple Website: https://ripple.com/
https://coinmarketcap.com/currencies/ripple/

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Remember all of my opinions are only opinions, and is not investment advice. Please do your own research before investing in anything.

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