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RIPPLE (XRP)

XRP is the native cryptocurrency of the Ripple network. Its primary purpose is to act as a bridge currency in transactional exchanges where one currency must be traded with another. The major banks as investors were quick to catch Ripple's eye. Today, this coin is used by over 300 financial firms worldwide. Pace and costs of purchases are the key benefits of XRP.

Brief History of Ripple (XRP)

Ripplepay was created in 2004 by Canadian programmers,Ryan Fugger and Jed McCaleb, on the basis of a trustworthy Peer-to-Peer financial network.

The team was joined in 2012 by the renowned programmer Chris Larsen, The ripple (XRP) was founded the same year by the development team.

Should you invest in Ripple (XRP)?

As far as "should you?" I want you to note that Ripple is usually considered a strong predictor because of the potential value of XRP in the major financial institutions. But you can first thoroughly look for it and shape your own mind, before you invest in any crypocurrency, to see if it will probably be an advantage in the future. As we all know that the value of all cryptocurrencies is very unpredictable and can decrease as fast as it goes up. At the same time, I can say that XRP will have a bright future. It will be wise not to invest what you can't afford to lose.

How to invest in XRP

XRP is exchanged on exchanges such as Binance and Poloniex for cryptocurrencies. Normally you can't purchase it in the current fiat currencies – firstly buy Bitcoin or Ethereum, then pass it to an exchange to swap it for XRP.

Advantages of Ripple's XRP

Cryptocurrencies are designed to fulfil or address a particular trade solution for a particular market. In comparison to competitors in the same liga, RippleXRp crypto provides special advantages to consumers and to the industry. Here are reasons why the currency is now a favourite of other currencies on the market.

• Widely accepted:
  Though more than 1,500 altcoins are in circulation, more than 100 firms worldwide have embraced Ripple and have helped it move capital. This adoption is part of what is adding to the value and prestige of ripples XRP.

• Steady growth:
  It has seen steady growth since its founding in 2012, offering investors outstanding performance. It has drawn agencies and companies to make use of the coin over others.

• Speed:
  Transactions that are delayed open the door to fraudulent act and a loss of confidence in the system. However, transaction speed should not be sacrificed at the cost of accuracy. You can complete a transaction in three seconds with Ripple XRP. The exchange is completed in less than two minutes, faster than the closest cryptocurrency.

The cons of Ripple's XRP

Investing in Ripple is risky, much like any other investment. So, here's what you need to hear about Ripple's threats.

• Highest percentage of the coin is controlled by the board members:
  Chris Larsen, the chairman of Ripple, controls about a third of all XRP. Ripple CEO Brad Garlinghouse, as well as other senior board members, own a large amount of the business. There's a risk the price of XRP is overinflated and too much of it is concentrated in only a few hands.

• The coin is not decentralized unlike many other cryptocurrencies that can be mined and traded between users, Ripple's XRP is targeted at financial institutions.

In conclusion

As a cryptocurrency, Ripple provides the security and trust that companies need when conducting transactions. Its long history of use has provided value to investors and businesses, as well as transactional reliability.

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