RIPPLE THE $0.24 COIN THAT CAN HANDLE 1000 TRANSACTIONS PER SECOND SET TO EXPLODE.
Ripple, currently number 3 on coinmarketcap with a market cap of $9,169,523,760 is the cryptocurrency that is less popular with end users but making waves in the banking industry. Promising speeds exponentially higher than the bitcoin or ethereum networks can offer and being able to handle thousands of transactions per second ripple is poised to fill the gap of a currency that can handle the number of transactions companies like visa and mastercard are able to do currently. With bitcoin sitting at $40 billion it is easy to see a cryptocurrency adopted by banks and having the infrastructure of visa surpassing that easily, ripple (XRP) is going nowhere but up.
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From your mouth to gods ears :) I own quite a few :)
Why? What's the use for XRP on the market? Banks don't even have to use it.
Plus, when XRP will get scarce they will take millions out of escrow and dump them on the market...
Don't get me wrong, I want it to go up... but perhaps Ripple doesn't want it to happen?
https://steemit.com/blockchain/@valderrama/with-all-these-deals-and-real-life-use-cases-why-doesn-t-ripple-s-xrp-price-rise
Banks will turn large portions of their company into XRP they can then transfer huge sums of value wherever they wish for minimal to nonexistent fees. They have a max capacity so the market will never be over saturated but can still maintain its scarcity value at the same time.
Also their 24hr volume is still low. Once the banks figure this tech out their volume will skyrocket.
banks will make their own crypto and leave the xrp devs out to dry.
That's what ripple essentially is.
Banks can make their own crypto? A centralized institution will be allowed to make their crypto?