Revealed - The Real Bitcoin Ace ?
It was trading at just 25 cents in early December. Yesterday it was trading at $2.47. That’s a gain of 880% in less than a month. That alone would be enough to justify further investigation. Why the big move? What’s going on? Why has Ripple surged into second place behind bitcoin to become the second largest cryptocurrency by market cap?
But that’s not even the full story of what’s at stake.
A year ago, when few people knew how blockchain technology could facilitate international money transfers (that’s what Ripple does, apparently), the coins were selling for .0065.
That is not an error.
That means Ripple has risen 37,900% in the last 12 months. That’s a big bang. That’s the birth of something. Either a revolution or the end of the financial world as we know it.
And This Is a the Comment a Steemit Member made to my - Is This The Bitcoin Ace? post
izolith (25)
· 2 days ago
Pretty sure Ripple is up for this task. It's centralized as i heard, but with the help of Ripple transactions will take a few seconds instead of a few hours (or days).
If banks want to stay in the game they'll have to adopt Ripple (or another cryptocurrency if a better one arises)
Ripple solves a different problem. Nice and useful but there is no point in comparing it to Bitcoin as competitor.
I agree. Ripple is not a competitor ! That is the point of my post.
Ripple specialises in facilitating International Money Transactions, which is the one arena where a universal international Cryptocurrency, has an unquestionable distinct advantage over the existing lengthy and expensive process.
Hence Ripple's tremendous price rise in the last month.