Note: “This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.“
Read Our New Guide : An Ultimate Guide to Start Investing in Ripple XRP (Buying Guide) in 2018
Read Our New Prediction For 2018 : Ripple Price Predictions XRP/USD 2018
Ripple has been garnering a lot of attention in the cryptocurrency world. Just like other cryptocurrencies, Ripple’s cryptocurrency, XRP also uses the blockchain technology. However, unlike other cryptocurrencies, it is regulated and facilitates fund transfer for banks.
Ripple has seen a surge of 4000% in the first half of 2017. Today, the market cap of Ripple is more than $100 billion. Ripple claims that there were more than $11 billion worth of transactions in the second quarter of 2017. Currently, it is listed on 30 exchanges.Why Is XRP Expected To Perform Great In 2018?
Read Also: 5 Reasons To Buy Ripple XRP Coin1- Operations :
Ripple is working with some of the biggest financial institutions around the world. Ripple aims to power the whole financial sector by making instant transactions possible at a fraction of the current costs. It provides a frictionless experience for global fund transfer using the blockchain technology. In future, it is expected to act as a liquidity solution for the cross-border transactions. Banks and Payment Providers can use XRP to settle multi-currency transactions to minimize the overheads.
Right now, SWIFT facilitates most of the international payment transfers. Whenever we make any cross-border transaction, we need to provide the SWIFT code of the branch of the bank. SWIFT has a monopoly over cross-border settlements. It has more than 11,000 financial institutions and 200 countries on its network. Ripple is associating with big financial institutions and working with many banks to incorporate its blockchain technology. It’s ...