Cryptocurrency fever continues: Ripple is a new bitcoin

After Bitcoin, Litecoin and Ethereum, came the turn of the ripple. The value of digital currency in recent weeks is growing, but it is now the second most valuable cryptocurrency, reports CNN.

This relatively unknown cryptocurrency, also known as XRP, now worth about 3.66 US dollars, and market capitalization her exceeds 100 billion dollars. In early December ripple is worth only 25 cents.

Cryptocurrency which is supported by banks!

Bitcoin is still considerably more expensive. On Tuesday it could be purchased for about $15,000, while the market capitalization had more than 250 billion dollars.

Ripple, unlike Bitcoin, controlled by a single company, California Ripple. According to reports, the current and former head of Ripple overnight thanks to the success Ripple become billionaires.

Ripple is released into circulation in 2012 in order to facilitate global financial transactions. Unlike other kriptovaluta, Ripple is associated with legitimate banks. Ripple used Santander (SANPRO), Bank of America (BAC) and UBS.

Ripples technology in the last few weeks have adopted and financial services companies from Japan and South Korea, which has also gained in value.

The potential for INFLATION

According to investor Stephen Powaga the company Blockchain Momentum, ripple and related currencies are attractive to investors because of its low cost.

Unlike bitcoin, ripple is not user-generated "bathing", but full control over it has company.

At the beginning of the creation of 100 billion Ripple, and circulated them is now 38 billion. Prefectural Company may issue up to one billion banknotes per month, which, according to Powaga could glut the market.

If the company decides to go at this pace, the amount Ripple will double in the next four years, warns Powaga.

"Some of the newer market participants do not take full account of the potential for inflation," says Powaga.

There is some analysis. What do you think about Ripple? Do you hold some?