Ripple is part of the best known cryptocurrencies, it is among the 5 most useful cryptocurrencies in the world, it is also known under its acronym XRP, this was created by the company Ripple Labs, because this is not a fully decentralized currency, since it is under the control of its creators, however the state of the company does not affect Ripple.
What does Ripple offer?
The cryptocurrency, being designed to improve banking transactions, also has functions that allow making payments, and / or cross-border monetary movements in a safe, instantaneous and economic manner, because this is considered a necessary tool for banking institutions, which is why organizations of this type are alert to new economic strategies, so they have come to invest large sums in Ripplemillionaire .
Companies like Google and Santander, have invested more than 150 million dollars in this cryptocurrency and in helping to develop its technology, therefore, it is a cryptocurrency that in a way, is supported by some of the largest companies in the world .
Ripple aims to completely eliminate all faults and problems that the other known cryptocurrencies have. This is why the group that leads said cryptocurrency has been in charge of designing an innovative and pioneering system, which has served as the basis for other cryptocurrencies that they are currently being developed, but they are not as profitable, and they do not have the financial support of stable and multi-million dollar companies like Ripple.
What are its uses today?
Currently Ripple is used with a variety of purposes, unlike Bitcoin, it is more useful when making purchases on the Internet and this is due to its low transaction costs, which are much more profitable than those of the Bitcoin.
This is one of the reasons why many investors and acquaintances of the subject, have decided to switch to the XRP system. Clearly Bitcoin still has more transactions today, but this is because the number of investors that Bitcoin owns, far exceeds those that Ripple has , however, in statistical terms, Ripple has more transactions than Bitcoin itself.
More than 50 entities are using the Ripple platform, in order to improve the service to their users, among these organizations are:
- Google Ventures
- Cambridge Global Payments.
- YES BANK
- Bank of the Axis.
- Star One Credit Union.
- Crédit Agricole.
What is the profitability of Ripple?
One of the main reasons why this cryptocurrency has great profitability, is because its transaction costs are very low unlike the rival cryptocurrencies, therefore, many people prefer to use it when making transactions on the Internet, for Save costs in movements. Thanks to this, the cryptocurrency has a utility beyond just saving it and, therefore, becomes more desired in the market.
Like all cryptocurrencies, it will have its ups and downs, however, the profitability of Ripple is considerable or at least this is assured by the experts, who say that it is one of the investors’ favorite cryptocurrencies.
Experts also say that the Ripple forecast for 2018 is positive, because everything points to this cryptocurrency doubling its value for that year.
Advantages of using Ripple
When using the monetary system of XRP, the dependence of the institutions that control the monetary movements is diminished, however Ripple does not reject the participants that correspond to the regulated institutions, that is why there is a series of banking entities that use Ripple.
Ripple is designed with the ability to connect all payment systems in your network, which is why it is considered one of the most useful systems, it is also predicted that it can be an exceptional complement to the first cryptocurrency worldwide; the Bitcoin.
Is the Ripple system safe?
Unlike the other cryptocurrencies; Ripple has greater acceptance in the legal field, due to the large number of financial entities that have joined the use of the XRP system, therefore the cryptocurrency platform obtains greater stability, which is why the investors of the system contribute constantly to obtain the continuous improvement of the Ripple.
How to get Ripple?
This cryptocurrency can not be obtained under any free means, it does not have the option of mining as Bitcoin, therefore if you want to invest in Ripple it is necessary to make a change or purchase of this cryptocurrency, through the exchange centers, to carry out this type of transactions is necessary to have security regarding the medium of exchange, among the most reliable centers are: