Ripple Gaining Media Attention. Buy While It's Cheap!
What is suprising to me is that one of the biggest business magazines in the world, Business Insider, has written an article on Ripple. They recognized the fact that in the first half of 2017 it rose over 3,000% and reached an all time high of 8,000%, and it's not just Business Insider its also CNBC, Futurism, Coin telegraph and Finextra and many more.
Right now Ripple is just partnering with banks for future use and trying to merge the Ripple Interledger Protocol on top of the bank's current system, so that they can execute cross border payments at a much cheaper and faster rate. (Saves banks 60% on processing fees due to the elimination of the nostro accounts, and completes transactions in under 8 seconds)
In Japan, 61 banks are in a consortium with the Ripple system, which is 80% of all of japanese banks. Not only do they want to use it for cross border transactions, but they also want to use it to complete domestic payments. So we can assume that Ripple will be used by masses of banks in Japan. Not to mention that one of the biggest banks in the United States,Bank of America,is working with Ripple.
Ripple would provide faster and cheaper payments and increase customer satisfaction. If you are want to buy a property in another country it wouldn't take 5-6 business days, would take a mere 8 seconds.
I know a lot of investors and traders in the cryptocurrency community don't like Ripple because they are working with banks and banks will continue to screw us over until they are dead because we would become our own central bank using cryptocurrency. I don't really like that Ripple is helping banks, but whether we like it or not most of the world will continue to use banks because it is convenient for the average person. When many banks start announcing that they are officially using Ripple that price will go to the moon, forget the moon, it's going to mars baby.
Only 20 cents? I think that is a steal and it is highly undervalued.
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Great article Trevon. Learned from this one. By the way I started an investment in bitconnect with your link today. I'm glad you are getting money. You deserve it. I have learned a lot from your youtube videos.
lol im not @trevonjb
My bad wrong post... lol sorry dude.
I don't like banks either, but I don't think we will be able to live completely without them in the near future. They provide us with a really secure way to store value, and IMHO cryptos fall short of that yet.
I swear, there are too many cryptocurrencies for people to keep track of.
i bought it when the market cap was 11 billion so currently going in loss...but i m holding on..
you haven't lost anything! you only lose if you pull out. Just hold for a couple years, and you will get a good roi, this coin wants to solve a real world problem
i believe in it too ...everything can't be solved from decentralisation ...u need somethings which should be centralised
Bought Thousands of coins. Now waiting for it to grow :p @cryptotraderx
Ripple looks promising, but it needs third party partners for it to really take off. Also there are a few other altcoins looking to do the same thing as Ripple, but being newer, they get more buzz.
yea i agree
Ripple is ground breaking with it's cross platform payment, as well (https://gist.github.com/emschwartz/fd66ecb66d761ebaf545ea600c9e26a7). The big question is, will the majority of banks embrace a centralized company that holds such a high percentage of the tokens.
i think so. if a lot of bank use it they are going to need a lot of tokens
It's a good way to stabilize the XRP.
https://www.tradingview.com/chart/XRPBTC/Pr40PS2e-XRP-LAUNCH-SEQUENCE-INITIATED/
I have been watching XRP closely for a while. It's at a tipping point right now and with all the big news, the real world use cases, and all the banks that are already signed on to start using XRP - I think the most logical direction is up.
your chart is wrong, it will not go to the moon. its going to mars XD lol. jokes aside you are right, solves a real world problem, slow and expensive cross border transactions.
congrats, @davedesigns. you have been chosen for the .15 SBD post giveaway. Since your new you have as well earned my follow since you are an xrp guy like me :)
Hey thank you very much @cryptotraderx! lol I am also hoping for XRP to go to Mars eventually. If we could just shake this downtrend for now that would be nice!
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