Many investors with initial attention directing the buy side of Ripple (XRP), which is currently the 3rd largest cryptocurrency capitalization in the world. Ripple is one of the first cryptocurrencies in the world. Work on it began in 2004 and the first transactions were carried out in 2012. Due to its situation, Ripple will draw the attention of international institutions around the world. Currently buying Ripple available cryptocurrency exchange – BitBay. Just click the button.
The Ripple payment protocol (also called the Ripple Transaction Protocol (RTXP for short)) is not a typical blockchain solution but works very similarly. Why does Ripple itself arouse such interest and a growing desire to buy from investors? Probably because it is many times faster (transaction processing takes a few seconds) and cheaper than other cryptocurrencies. Secondly, because it is already used by many known and respected financial institutions (Santander, UniCredit or the National Bank of Abu Dhabi). In addition, banks in Japan also plan to implement it.
RippleNet is currently used by e.g. American Express to transfer transactions without using cards. In a sense, this is competition for the current SWIFT system. In addition, Ripple authorities have ambitious plans to expand partnerships and cooperating entities (mainly in the banking and financial industry) e.g. with MUFG (Japan), BBVA (Spain), SEB (Sweden), Akbank (India), YES Bank (India), Axis Bank (India). Ripple has very good opinions among these institutions.
Ripple cryptocurrency (XRP) could be bought for 0.55 to 0.9 dollar. The total capitalization of this digital currency on exchanges exceeds $ 23 billion.
The analysts at Ripple agree. This is one of the digital currencies. which will take root in our payment systems for a long time, therefore it is definitely worth considering buying it today, because it may increase in value over time. Given that the Ripple project already has specific commercial applications, it currently puts it at the forefront of the most interesting and best cryptocurrencies in the world. If it continues to grow at such a pace, investors will in the future be satisfied with buying Ripple today.