Is The Future Bright For Ripple?

Ripple was a lot of times the center of attention last year for its features and acceptance from banks around the world which led the price of Ripple to go up, despite the fact that it later decreased and is now trading at $0.45.

Ripple is working with a new technology which is trying to replace the SWIFT system, thus more banks are trying to join the party. As far as banks are joining more we will see a rise in the price. Also, we heard the rumors that Coinbase is going to add Ripple to its list somewhere in the middle of this year which is a good enough factor for the value of this coin to increase because many investors will want to adopt the coin.

Furthermore, if Ripple stays true to its promises on scalability, low transaction costs and speed we can sure expect the price to rise. I don’t believe that extreme, a sudden jump in price will be healthy for this cryptocurrency but keeping a steady course and slowly development will bring the desired results.
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It sits in the top three at the third position and is currently implementing its technology in many banks and financial institutions. Speaking of, Ripple’s enterprise software is currently being processed in about 60 banks around the world with some of them being Royal Bank of Canada and Bank of England. This contributes to the company’s drive to become a better and bigger cryptocurrency on the market.

Surprisingly there are still many people that know little about Ripple XRP which is pretty much a big deal in the industry and all financial institutions. Ripple has grown from Ripple labs as a venture startup that develops solutions for global payments for financial institutions. It connects payment providers, banks using RippleNet. This helps all these institutions to drastically reduce costs on payments.