Why Ethereum Bitcoin Investors Should Look at Ripple

kykim (37)in #steemit • 7 years ago (edited)

Now, Ripple is undervalued and stuck on the bottom of the Bollinger band.
I would like to make you feel confident about Ripple and want to stick with it longer!
There are many reasons you have to go with Ripple, but I just pick only 5 great factors you have to think!

First, ripple is now considered as third largest cryptocurrency after bitcoin and ethereum.
Ripple protocol is used by companies like
UniCredit, UBS, and Santander, banks, and payment networks as settlement infrastructure technology.

Second, In 2016, Ripple obtained a virtual currency from NewYork state department of financial services as fourth company with a BitLicense. Ripple built the protocol developer friendly including API for its payment network. Ripple is now used as both payment system and forex system.

There are many private / public companies take Ripple as their weapon as below

Third, Post Trade Distributed Ledger (PTDL) Group aims to improve the post-trade space with the asocial member of nearly 40 financial institutions and prominent market
infrastructure players from all regions across the globe. In order to optimize their multi-asset/currency settlement and recordkeeping, they take Ripple Link for distributed financial technology with Barclays for smart contract templates.

Forth, Global Payments Steering Group (GPSG) is the distributed financial technology based interbank group to promote global payments composed of different banks including Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, CIBC, and Royal Bank of Canada. The group is expected to oversee the creation and maintenance of Ripple payment transaction rules, formalized standards for activity using Ripple, and other actions to promote implementation of Ripple payment capabilities among networks.

Fifth, Earthport is a UK based company providing cross-border payment services to banks and businesses. The group is expected to oversee the creation and maintenance of Ripple payment transaction rules, formalized standards for activity using Ripple, and other actions to promote implementation of Ripple payment capabilities among networks.