Could Ripple Surpass Bitcoin In Price
Is it possible that Ripple XRP will be the new Bitcoin?
First let’s explain what Ripple XRP is and what separates it from Bitcoin (Big Coins):
When it comes to cryptocurrencies, Bitcoin, Litecoin, Ethereum, etc, which are all hard to understand, Ripple XRP is no different. But Ripple is slightly tougher to understand because where as the others are just digital currencies, Ripple is a payment network and a cryptocurrency.
Ripple is backed by some major banks, where as Big Coins is not..
Ripple was created in 2012 and has now attracted more than 75 bank institutions as their backing. Their payment system connects banks and other big institutions, which allows investors to transfer money and other assets through their network. And all transactions are recorded on the decentralized XRP Ledger, which gives applications authoritative information about the state of its contents. It’s quite interesting. SEE RIPPLE LEDGER BELOW
The ripple company creates the XRP ledger (XRP Chart) to be able to solve a significant point of friction in global payments which it would be the pre-funding of Nostro accounts.
Ripple is not just a cryptocurrency, but open payment network that allows currency to be transferred. It’s the fourth most abundant cryptocurrency (Market Cap, $85,106, 659, 426) in the world. XRP wants to create a global network of financial institutions and banks that can use the ripple software to make the cost of international payments lower. Doesn’t that sound lovely?
What differentiate Ripple from Big Coins?
Ripple Cryptocurrency is one of the first currencies that has been adopted by some banks and some others financial institutions because they believe that this currency’s system is more secure than other digital currencies like Bigcoin, Litecoin, Etherium, etc. The job of Ripple is to connect banks and others institutions to allow the transfer of money through their network.
All the transactions stay recorded on the decentralized Ripple XRP ledger. It also reduces the time and money associated with cross-border payments.
For example, Ripple Cryptocurrency transfers in only 4 seconds, while Big Coins take at least an hour to transfer. It’s quite amazing….
It wants to create a cashless society by eliminating credit cards usage, PayPal and other institutions. This is one of the most significant differences between Bitcoin (Big Coin) and Ripple XRP.
RIPPLE CAN’T BE BOUGHT ON COINBASE, SIGN PETITION TO GET RIPPLE XRP ON COINBASE
The goal of bitcoin is to turn in a new method of payment that can bypass financial institutions, while Ripple interact and work with the institutions, plus in return, help them speed up cross-border payments. As you can see, Ripple is the real deal.
Ripple Coin Prices are cheaper than Bitcoin, Litecoin and other cryptocurrencies, which makes it a little more affordable and attractive to Crypto Investors.
Yes everyone is talking about about investing in Bitcoins, BUT don’t sleep on Ripple XRP. There may be a new sheriff in town. It just shot up to an all time high of $2.22 for Ripple XRP price on Coin market Cap. So get in on this train right now and hold on to it. Don’t sell it. Do you think Ripple will surpass Big Coins? It’s not likely but it is worth the investment. You never know what could happen.
February 20, 2020