Ripple has been making enormous strides.
Ripple is a cryptocurrency that is attempting to establish itself as the world reserve crypto coin.
The Ripplenet network solves international account-to-account transactions in a few seconds. Currently, that takes hours or days. The XRP token being
the means of exchange across this network, providing instant liquidity to banks and customers.
Ripple is compliant with regulatory agencies around the world. Yesterday, when Asian cryptomarkets took a hit on SK's regulatory announcements, Ripple
was not affected, in fact, Ripple exploded across Asia.
It has scalability built-in, regulatory compliance, it is the second largest crypto coin by market cap, and it has the backing of many international
banks to include B of A, HSBC, Royal Bank of Canada, several banks and bank conglomerates in Asia, and it is expected to continue to be adopted.
It is definitely the cryptocurrency of centralization. But there is a lot of potential for value.
What this tells us is that Bitcoin is only the herald of a new age of finance. Bitcoin is a store of value digital asset no more valuable than the USD
in reality. What makes it valuable is its decentralization and built-in valuation.
Every crypto coin has a set supply and can be divided millions of times in order to make accurate transactions. However, in order to create a global
reserve currency, you need to start with a locked supply of currency and disburse in set increments over time as the network grows. This is what
ripple is doing. They are hoping every transaction in the world will eventually pass through their networks. And in order to provide instant
liquidity, any coin attempting to do this would need to start out with a large disbursement and then lower ones over time until there is enough in the
system to sustain global instant liquidity over a massive global network.
I say hold on to BTC for your private transactions. Otherwise, start buying ripple.
edit on 31 12 17 by projectvxn because: (no reason