Ripple – many of you heard about Ripples. Actually, Xrp is another cryptocurrency used in the payment system. It is not the competitor against Bitcoin or Litecoin. The idea of this cryptocurrency is to send money using the power of blockchain. Also, it can be the revolution payment system.
Which are particular things?
Comparing to Bitcoin the Ripple creators Not refused at all an idea to create coins through mining system. They just are giving access to mine their coins only to the limited group of people that they trust. Immediately they generated 100 billion of coins. Until now there were distributed around 39 billion of XRP. 7 billion is held by ripple. Other 51 billion Ripple Labs blocked access to coins with smart contracts. From time to time they can receive small portions of the amount for the development of the project. The main question: is it true?
In order to allow banks to buy XRP with low price, they can set a huge volume of XRP on the stock exchange in a manner to create a decrease in the price.
Why can Ripple Labs not sell directly their XRP to the banks?
The Ripple Labs introduced their own rule to sell their coins only through Stock exchange! On the other side when they sign the new contracts with the banks maybe they can give their own coins.
Every coin can be divided into 1 million of pieces. For every transaction, there is a fee of 0,00001 XRP. After this operation the fee of 0,00001 Xrp destroys. As a result, from one point of view we have less number of coins, but from another, the price should every time increase. Basing on the official website the investors are Google, Unicredit, Western Union etc.
Where can you buy Ripple?
You can buy ripple on different stock exchanges like Bitstamp, Kraken, KuCoin etc.
Where can you hold Ripple?
To save the XRP, you can use a different wallet. The popularity of the coin contributed to the fact that many developers of multicurrency wallets paid attention to it. Of course, they added it to their clients. On the other side, there are special wallets designed for Ripple. Actually, we know that to open Ripple account we need to have 20 Ripples only for security purpose. In case, if the price will be 10$ pro ripple, it will cost 200$ which make it to expensive for normal people. There is a solution! Big companies can open the expense account and provide the payment system using their wallet, in return receiving a certain amount of fee.
Forecast for next year
Ripple is a very special cryptocurrency, which has a powerful technical part. As we know the banking sector actively introduce their system. Nowadays, big investors pay attention to it, such as Google, which clearly speaks about good prospects. Very important is the fact that the creators consider coin, not as a speculative instrument. At the same time, it can not be denied that the decentralization of Ripple. The community cannot do anything with it until the developers themselves decide to take appropriate measures.
In 2018, but also in the future, we should expect the growth rate of the ripple, because the number of coins every day reduces, and the demand is growing. Therefore, now, when the rate of the Cryptocurrency is low, it is worth buying at least a small amount of XRP, which in the future can easily climb in its price. Just take in consideration 1 year of its life. Well, we will not look into the distant future. We think that Xrp will justify the forecasts and not surpass the bitcoin, but can become the exclusive property of the banking sector!
In any case, the coin and the protocol will have time to make a loud statement about them.