5 Reasons to Invest In Ripple
High transaction throughput
XRP can perform 1500 transfers / second compared to Ethereum 15 transfers / second and Bitcoin at 7 transfers per second. This makes Ripple the ideal digital currency for making purchases very quickly and almost instantaneously as compared to Bitcoin and Ethereum. Click the link below to see a live detailed page of XRP performance.
https://ripple.com/xrp/market-performance/
Low transaction fees
Bitcoin’s transaction fees are simply getting beyond reach every other day its value goes up. At the moment transaction fees are in excess of $11 making it simply impractical for everyday transactions. The current minimum transaction cost required by the network for a standard transaction is 0.00001 XRP(10 drops). It sometimes increases due to higher than usual load.
Low price entry (Sort of)
Currently ranked 3 on coin market cap and was on route to make run for #1 in December 2017. Ripple provides a nice entry to new investors who tend to be interested in purchasing whole lots of one coin vs fractional of bitcoin or Ethereum. Keep in mind that at the writing of this article XRP is currently being traded around $.85 which may seem cheap, but XRP has a huge max supply at 100,000,000,000 XRP which makes it quite expensive when you zoom out.
Backed by large institutions
Having large institutions back a coin contradicts the ideology of blockchain purist. This contradiction also helps ripple hold it owns when it comes to credibility and most importantly real worse use cases. Ripple’s blockchain network has been adopted by close to 100 major global banks for transfers. Many banks have been using Ripplenet with XRP are able to reduce their overall transfer cost. Also Ripple has signed deals with other large companies like Moneygram which signed on to run a pilot program testing XRP. Below are a few of the banks that have signed deals with Ripple.
- MUFG
- BBVA
- SEB
- Akbank
- Axis Bank
- YES Bank
- SBI Remit
- Cambridge Global Payments
- Star One Credit Union
- eZforex
The team / Financing
Ripple leadership has expanded to include huge names in marketing, international commerce and technology. Their team is expanding now into China, Singapore and India as they outgrow their start-up roots. In 2015 ripple raised over $55 million in funding. The names backing Ripple — Andreessen Horowitz, FF Angel IV, and Lightspeed Venture — have stood behind Coinbase. Ripple Labs is also sitting on a large sum of XRP which they can convert to cash if they need more funding.