What is Ripple?
Ripple is known as the “Banks Bitcoin.” The currency ripple (XRP) can serve as a so-called “bridge currency” in trading with other currencies. The founders of Ripple generated 100 billion XRP and transferred 80 billion XRP to Ripple Labs. Ripple Labs planned to distribute 55 billion XRP to the users of the Ripple network and to keep 25 billion. A total of 7.2 billion Ripple (XRP) has been distributed to various projects. Further generation of ripples such as for example by mining is not provided.
Ripple is the latest, as of June 2017, the third-largest cryptic diet after market capitalization. Behind ripple, however, is much more, as international financial transactions are to be simplified and acceleratedwith the aid of blockchain technology .
Why is there Ripple?
Ripple was developed mainly for the optimization of the payment traffic using the blockchain technology. This is particularly interesting for banks, which also explains why already some large companies in the financial sector in India and Japan want to use or use Ripple.
Riple is currently the best friend of the banks when it comes to the subject of cryptic diseases and blockchain. That our banking system will disappear overnight is very unlikely. It is repeated over and over again the cryptures such as Bitcoin the normal money and can be replaced, but currently one is still just on the "old money dependent".
However, Ripple offers banks the best opportunities to streamline internal transaction processes and thus actually save time through the blockchain technology.
Invest in Ripple
An investment in Ripple is tempting because of the low price of currently € 0.20. Nevertheless, one should not forget that currently the majority of the Ripple Coins are still owned by the company, which actually contradicts the approach of decentralization. Furthermore, Ripple with 100 billion coins as opposed to 21 million bitcoins (until 2030) is, of course, a wide mass product. An increase to the current Bitcoin courses is very unlikely.
In 2015, Ripple has attracted 55 million venture capital and some major major investors, including Google. The possibility to process payment transactions simply, quickly and safely seems to be of some interest to the Big Payer. Ripple does not have a very good reputation within the cryptoscene, since the focus is not on decentralization and the company Ripple holds the majority of the coins themselves.
Advantages of Ripple
- The ripple protocol is an open standard that can connect existing payment networks
- Ripple provides fast transactions (usually within seconds).
- Ripple is counterfeit proof.
- Ripple can work as a translator between other currencies in its final version
Buying Ripple or investing in Ripple is, therefore, to be answered with a clear no as well as with a clear yes. In Swabian, the word “Jein” comes into being. There are some factors that speak to buy ripple and turn other factors that speak for ripple.