Rising Crypto Trend of 2018: Ripple

With ever growing IT industry our world is witnessing unique phenomena every day. One of them is the advent of crypto currency. In recent time several digital or virtual currencies have made waves. The top currencies among them are Bitcoin, Etherium and Ripple. Here we are going to discuss Ripple XRP as compared to other currencies.

Ripple XRP

Ripple XRP is a blockchain technology based digital currency. It has dual capacity as being a currency and open source protocol payment platform. The idea working behind this virtual currency is faster, secure and hassle free transactions. Ripple has attained one of the top ranks among all other currencies in just few months mainly because of its speedy transactions. Along with it the reliability, security, and scalability have been main features to provide it this status.

Secret behind Success

In December, 2017 Ripple crossed all previous records. The peak price achieved by this currency was $3.80 which turned ripple XRP into 2nd largest cryptocurrency with a market worth of over $140 billion. But the question is how? The reason behind it was collaboration and investment from a few large institutions. Some of these institutions include American Express, Santandar, and many large Japanese banks and credit card companies.
Moreover, MoneyGram has also announced to adopt Ripple’s payment protocol for transferring cross border payments. Hence a number of factors play significant role in increasing the net worth of Ripple XRP.

Unique Features of Ripple XRP:

Ripple has several distinctive feature which make it unique and different from other payment platforms and currencies. One of the most practical and appreciated feature in terms of market mechanism is its speed. It just takes 3 seconds to process a cross border transaction. Ripple team has provided many solutions. These are blockchain based. These include Cryptocurrency XRP, XCurrent application for banks, XRapid for payment processors, and XVia for businesses.
1-Transaction Speed

As mentioned earlier high speed cross border payment process is a trade mark of Ripple as it has overcome mining issue. .
2-Mining Process
As many cryptocurrencies are using mining process where the users are involved. The participants create blocks by solving computational puzzle and transaction compilations. Every participant then creates a block and this cycle goes on meanwhile getting rewards. Ripple has override this process and created 100 Billion XRP coins. It is said that 55 Billion have been saved as escrow payment to increase the reliability of this payment platform.
3-Decentralization
Another compelling feature of Ripple is its decentralized blockchain mechanism. Crashes of digital systems are the worst nightmare of any investor. Decentralization makes sure that the system remains safe secure, reliable and accessible for maximum time and from any where. Through this any data or information is saved at several systems and through several systems. Thus it guarantees the investor a reliable mechanism.
4-Transaction Fee

Further, Ripple has very low transaction fees and these fees are being decreased with the passage of time. If we compare these charges with rates of other currencies then Ripple rates are found to be lowest.
5-Information Tracking
Generally crypto currencies provide only inflow and outflow of coins. But Ripple offers inflow, outflow and even the account balance of the users. Thus providing all of the track record of any transaction and any relevant information.

How Ripple Works?

Let’s be clear that Ripple is not just a coin. It is a payment platform which functions like a bank. While adopting a mechanism of bank it transfers money from one place to the other. It picks some nodes for processing transactions using its own blockchain. So, its data cannot be leaked nor does it allow any 3rd party interference. These nodes are unique and thoroughly verified to ensure safe and secure transfer. Moreover, all of these transactions are available in form of an on line ledger.

Why to Buy Ripple?

Amazingly Ripple has showed an increase of about 35000% during 2017.Its initial point was $ 0.006 in January 2017 which turned to $2.80 in the end of December. Now as mentioned earlier, a number of banks and companies are collaborating and investing in this currency so, obviously more rising trend is expected. In 2018 Ripple seems to rise high not only its track record suggests so but the investment gurus are also positive about it. So, it seems high time to start buying and investing.

How to Buy?

You can buy Ripple very easily. A debit card/credit card can be used to invest along with some other ways. These methods include exchanging any coins with Ripple or through Bitsane. Bitsane allows you to create an account and use this exchange account to invest in Ripple.
So, what are you waiting for create your account or utilize your credit/debit card today to enjoy safe and profitable investment.