Ripple’s XRP is very cheap now ($0.3688 as we write) and it’s quite valuable coin. A fundamental analysis published a couple of weeks ago estimated XRP’s real value to be of around $1.7 USD, which is five times its current price. it all about usefulness of the coin. For banks, remittance services and other financial institutions. Sooner or later, it will be adopted in massively.
Ripple’s goal is to create blockchain-based software and technologies that can eliminate all or most of the friction inherent in settling international payments. That’s been its mission for years, and its persuaded many among the largest banks in the world to jump in the wagon. In few words, you buy XRP using local currency, send it to the bank on the other side of the transfer. That bank then exchanges the XRP tokens for its local currency and thus the deal is done. The whole process takes less then five minutes and the fee is less the cent. With Ripple’s way of doing things, the banks don’t need to hold foreign currencies to transfer money across borders. That’s why services like Western Union/Moneygram have been so successful and Im pretty sure they will adopt and even testing it. And remember, fortunes have been made using low-cost coins. And its the matter of time, when Ripple coin will be adopted by Amazon, and many other famous financial institutions, online shops and so on.
Now XRP cheap yet, and its the coin to HODL, and its more likely to grow in its value when you never expect.
Ripple’s goal is to create blockchain-based software and technologies that can eliminate all or most of the friction inherent in settling international payments. That’s been its mission for years, and its persuaded many among the largest banks in the world to jump in the wagon. In few words, you buy XRP using local currency, send it to the bank on the other side of the transfer. That bank then exchanges the XRP tokens for its local currency and thus the deal is done. The whole process takes less then five minutes and the fee is less the cent. With Ripple’s way of doing things, the banks don’t need to hold foreign currencies to transfer money across borders. That’s why services like Western Union/Moneygram have been so successful and Im pretty sure they will adopt and even testing it. And remember, fortunes have been made using low-cost coins. And its the matter of time, when Ripple coin will be adopted by Amazon, and many other famous financial institutions, online shops and so on.
Now XRP cheap yet, and its the coin to HODL, and its more likely to grow in its value when you never expect.