Can XRP (Ripple) make you a millionaire? Volatility may just be the missing part of your portfolio. Before investing in Ripple, you must understand what you need to learn. Ripple is not only another currency like Litecoin or Bitcoin, but also a A new type of payment agreement designed to simplify international and cross-border payments around the world. Ripple is not your average cryptocurrency. On the contrary, it provides something completely different from all other types of digital currencies. Although this provides a reliable investment opportunity, you must understand Ripple What it is, what it does, and any red flags that might become speculators. Welcome to the "luxury side". Click the "Subscribe" button and turn on the notification, so you won't miss more videos on that side. If you are a newcomer, we like to broadcast daily about luxury lifestyle, cryptocurrency and money on our channel The topic of the video.
Today, we will share the opportunity to get good returns by investing in XRP. What is Ripple Ripple is a cryptocurrency that acts as (XRP) and the financial transaction technology of the digital payment network. It was created by computer programmers Chris Larsen and Jed McCaleb, and Released in 2012 through Ripple Labs Inc., a company headquartered in the United States . The systems that process financial payments are often too complex and fragmented.
This means that payments can be expensive, time-consuming and unreliable. Ripple provides another platform that can facilitate cross-border payments. This kind of payment It is 100% safe, instant and almost free. In addition, Ripple can facilitate payments in various types of currencies (including cryptocurrencies). Just one year after the release of XRP, Ripple Labs was recognized by researchers at MIT University Rated as one of the 50 smartest new companies, the university is considered the best private company in the world One of the research universities. Then in 2013, banks and other financial organizations began to use Ripple’s payment system Show interest. Five years later, more than 100 financial institutions have adopted some of Ripple’s technology. Today, the RippleNet advanced blockchain is used by more than 300 in 40 countries on six continents Used by the provider’s evolving network. The biggest adopters of Ripple include American Express, Santander and American MoneyGram / money transfer company.
There are also rumors that VISA and Western Union Is seriously considering switching to the Ripple platform in the near future . For many crypto and financial analysts, Ripple has the potential to replace SWIFT and become The first network of safe, standardized and reliable global payments. In fact, this is exactly the goal of the founder of Ripple. Chris Larsen, the co-founder of Ripple, said in an interview earlier this year: "XRP can Replace this inefficient (SWIFT) system… It will take some time, and it can sometimes seem frustrating, but I think we" Will get there. " Why should or should invest in XRP many cryptocurrency analysts and speculators believe Ripple’s broad prospects make it an attractive choice for both new and old traders. Ripple's current trading price is $0.26 per token, In other words, it is cheap.
Compared to 2018 The highest price, you can buy a lot of Ripple for less than a few hundred dollars, And even a small gold coin of $50 can get more than 200 coins . Ripple hit a record high of $3.10 in 2018, but some market analysts believe , It will break through the $1,000 mark in the next 10 years. Other forecasts are more optimistic. Therefore, in view of its low price and increasing mainstream attractiveness, snapping up some Ripple is relatively Low-risk options and the potential for large returns on investment. Ripple on large financial institutions solves the problem. This also accelerates the flow of capital, which is an excellent economy. But Ripple can work for small business owners, too. If the becom Ripple platform has been widely adopted, it will provide millions of individual merchants and Entrepreneurs provide access to the global economy. Ripple has a market capitalization of US$25.9 billion and is the third largest cryptocurrency in the world. A higher market value is a powerful sign of investor confidence and makes assets more resistant Volatile market cycles or declines.
Ripple is not just a cryptocurrency or technology; it is a mature company. Ripple Labs Inc has more than 500 full-time employers, including Public relations and marketing experts who promote the technology to banks, investors, new users and the public . Click the "Subscribe" button and turn on the notification, so you don’t want to miss more videos on that side . (You should prepare this part according to the video.) Like any investment, investing money in Ripple is not without risk. There will only be 21 million bitcoins. Although the number of Ethereum is unlimited, over time, production will slow down. This limited supply may push up demand in the future, leading to substantial price increases. And bring greater profits for early investors. Ripple is different. All XRP coins have been pre-mined and are already in circulation.
Ripple Chairman Chris Larsen owns one-third of all XRP. Ripple CEO Brad Garlinghouse (Brad Garlinghouse) also holds a large number of shares, other senior board of directors The same is true for members. With so many XRP in only a few hands, the price may be exaggerated. For blockchain purists, XRP is not a "real" cryptocurrency. Many people believe that this violates the principles of decentralization and economic autonomy. Unlike Bitcoin, Bitcoin is mined between users and then exchanged anonymously, while Ripple is specialized Designed for the banking and financial industry. Its main purpose is to solve the internal problems of the banking industry, not completely Change the way ordinary people exchange or store value.
Unlike Ethereum and Bitcoin, all of Ripple’s XRP coins are pre-mined, which means there is no longer any The coin will be put on the market. This has resulted in a considerable proportion of its developers (the chairman of Ripple) Chris Larsen currently holds nearly a third of all XRP), which is worrying because it It runs counter to the concept of decentralization, which is the core of the cryptocurrency philosophy.
Ripple’s biggest competitor is SWIFT, which is currently the largest international payment network , Is the first choice of about 11,000 financial institutions. Ripple will need to convince the notorious Luddite banking department to make its payment agreement Provide better, faster and safer solutions than SWIFT. Is this a good investment? Most investments boil down to risk and The return factor. In other words, does the potential reward outweigh the possible consequences of the risk? Ripples must have some risk factors.
The founder holds a large number of coins and is a long way from challenging his main market competitors , And for blockchain purists, it is not the most popular technology. On the other hand, Ripple is becoming more and more mainstream and has gained some Support from major financial institutions . In addition, the current price is a lower barrier to entry for cryptocurrency newbies, and it is also Sophisticated investors diversify their portfolios without extracting large amounts of value from other assets Great opportunity. In short, Ripple is a low-risk investment with many potential returns.
You should definitely do some research before considering adding it to your portfolio . So, does the real Ripple investment problem really work? If you are willing to spend time and energy, then for you, this is likely to be done. Opportunities for success Why doesn't XRP have many opportunities for rapid growth? Well, first of all, it is not as centralized as Bitcoin or Ethereum. The supply is controlled by Ripple and is very large (100 billion units). The facts do not work well. RippleNet can work without XPR, so XPR has many unique features, and RippleNet cannot say. According to WalletInvestor.com prices, the price of XRP may be as low as 4 cents.
They also believe that by the end of 2020, the price will return to around $0.46, and by 2021 it will return to 0.58. U.S. dollars, will exceed 2.00 U.S. dollars by 2025. In contrast, Longforecast.com believes that the average price of XRP will reach $0.26 in 2020 and will In 2021 it will drop sharply to 0.15 USD. In the final analysis, only the demand for XRP determines its fate, Ripple and RippleNet Your success will definitely help. Can make you a millionaire In a sense, it is already – XRP At the time of writing this article has a market value of $25.9 billion and, as we discussed, it has been widely adopted with the application of its payment protocol , This value continues to rise. As a limited resource, due to scarcity Tends to promote price increases, so the value of Ripple may be further increase.
Please remember that any investment involves certain risks. Therefore, before making a final decision, please invest only in what you can afford and do as much research as possible . Thank you very much for watching. Don't forget to like this video and click the subscribe button below. Whenever we post amazing content, please turn on the notification to get notified. We will see you in the next video. take care.