Ripple (XRP) – The Digital Asset for Payments
Promoted via the Ripple website here , Ripple (XRP) is a cryptocurrency that describes itself as a Digital Asset for Payments. Whilst the core use of Ripple is aimed towards banks and payment providers, namely for the facilitation of rapid, real-time global payments, the cryptocurrency is also available in token form. Via the use of various online cryptocurrency exchanges, private individuals and expert, speculative investors have the option to buy and sell with the hope of making a tidy profit!
All Time High Prices
When it comes to cryptocurrencies, Ripple (XRP) has been making headlines recently with its All Time High price shooting well above 3 USD, just last week. Furthermore, for those early adopters who invested in Ripple in its early days, some bought in at prices well below 1 USD, so it’s ‘happy days’ for those lucky / clever few!
Some proponents of Ripple claim that whilst in the short term, the price of Ripple will likely go down (aka the current price for Ripple has gone down to around 2 USD per token and falling), many claim that in the long term, the future looks bright for the cryptocurrency.
Critics on the other hand warn that there are far too many Ripple tokens currently in circulation and others have offered some other interesting constructive criticism about the popular cryptocurrency.
But all hype aside, we would like to re-iterate, when it comes to crypto currencies *never invest more than you can afford to lose!*
What Exactly is Ripple?
Ripple describes itself as a digital asset for payments. Designed for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments.
Ripple claims that payments settle in just 4 seconds and the cryptocurrency consistently handles 1,500 transactions per second, 24×7, and can ‘scale to handle the same throughput as Visa.’
Significantly, Ripple is also an open-source technology, with a five-year record of stable technology and governance, making it ready for institutional and enterprise use.
Where To Buy
If you wish to purchase Ripple (XRP), the cryptocurrency is currently being offered on various cryptocurrency exchanges such as Bitso, Bitstamp, Coinone, Kraken, Gatehub, Coincheck, Poloniex and many others.
Some fans of Ripple (XRP) claim that in the short term the cryptocurrency will likely hover or go down to a lower price but in the long term, as long as you hold onto your tokens, it may potentially go up in value significantly. At the end of the day, however, price predictions are all speculation, so only time will tell!
*Editors Note* – When investing in cryptocurrency, please bear in mind that there are risks involved. The value of your investment may experience volatile price swings and it has been known in the past for some online exchanges to be hacked / and or go out of business, thereby your monetary investment could be lost completely. As a result, please learn about cryptocurrencies and the risks involved before investing!