Ripple has been making headlines of
late as it emerges as one of the most bankable technologies of current
times. Ripple prices in 2017 depend on one single distinguishing feature
that makes Ripple unique and of tremendous value.
The best way to understand this is to
know that Ripple is not a currency. Ripple is a company running the
world’s only blockchain solution that can be used by enterprises for
global payments. And XRP is the digital asset owned by Ripple that is
used for these payments. The company provides financial settlement
solutions globally, which reduces the total cost of settlements by
enabling banks to transact directly and instantly, while ensuring
certainty. This is what sets Ripple apart from other players in the
crypto arena.
It is not hard to fathom the rising
interest in Ripple’s digital asset. XRP is being touted as the fastest
and most scalable digital asset that enables real-time payments anywhere
in the world. But as is the case with every new technology, there is
bound to be uncertainty surrounding the Ripple XRP price.
As the XRP ecosystem expands further,
it would attract more investors into the fold, which bodes well for the
XRP price. However, in the short term, it could witness volatility, as
seen by the recent developments in South Korea and China. Both countries
are planning to bring more regulation to digital currencies and have
initiated a crackdown on initial coin offerings (ICOs). Last month, XRP
prices shot up by almost 40% as trading in South Korea surged.
Ripple wants to exchange value the
way the Internet exchanges information. Investors who have been pouring
their money in the company are recognizing the huge potential of this
channel. The general expectation for the XRP price is that it will
breach the $1.00 wall soon.
As the world of digital currencies
gets hotter day by day, promising technologies like that of Ripple will
gain the most. This global settlement network will become faster and
more reliable in the years ahead.
If you have ever sent money anywhere
in the world, there is no doubt that you would want it done in the
cheapest and fastest way possible. As the number of global financial
transactions continues to increase, the technology that supports this
infrastructure remains outdated.
As Ripple says, the global payments
are still stuck in the “disco era.” Ripple connects banks, payment
providers, digital asset exchanges, and corporations to provide a single
frictionless experience to send money globally.
It is built on the most advanced
blockchain technology that is scalable, secure, and interoperates
different networks. The company’s global network is growing with more
than 90 customers.
Ripple’s business has picked up speed
of late, which helps explains, in part, the rally in XRP prices. Ripple
is trying to build the digital payments standard for the financial
sector and this is leading to a higher Ripple price prediction for the
future.
Based on Ripple’s estimate, a bank can reduce the cost of processing remittances by 33% using Ripple’s technology and by 60% if coupled with XRP. This is a strong factor in favor of this technology and XRP.
Ripple has been signing deals with
big banks and financial institutions and this has been impacting Ripple
prices in 2017. The following Ripple price chart shows how XRP has been
making significant gains.
For create your Ripple wallet visit: www.bitstamp.net
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