Why Ripple could be the Bitcoin of the future

The expectations are high for Ripple! Like early investors in Bitcoin, Ripple is expected to revive its investors. But can Ripple really be the Bitcoin of the future?

Can Ripple be the Bitcoin of the future?

Ripple, which has been giving signals that it will catch a serious exit these days, seems to have gotten rid of its long-standing detention.

The price of Bitcoin is just above $ 11,600. It was moving between 11,300-11,400 for a while. Looking at it, Bitcoin was only a few hundred dollars a few years ago; Even $11,500 is seen as a low figure these days.

A similar scenario is being discussed for Ripple in the cryptocurrency industry.. It is said that the current values ​​of XRP will be many times higher in a few years.

If we remember that Bitcoin increased 100 times in 2015-2017; We can say that “nothing is impossible in the cryptocurrency market.” doing. There are even predictions for Ripple that will make you say “no more”.

Are these predictions really realistic? Could Ripple be the Bitcoin of the future?

• See: Current Ripple comments and expert predictions –  Short, medium, long term
• See: How to buy Ripple? XRP Buying Guide

Bitcoin has pioneered an important industry and it is a widely accepted fact that it will continue to be the leader of the industry.. Although Bitcoin has established itself as a store of value, it is not possible to use it as the currency of the world financial system with today’s technology.

Although there are development studies on this subject, Ripple’s management and technology in the world finance system is not possible.

As the most promising cryptocurrency in terms of mass adoption in the cryptocurrency industry, why shouldn’t XRP see a similar increase?

Perhaps the most important of the reasons for its promising future is “mass adoption”. This is what separates XRP, the native token of Ripple Labs, from other cryptocurrencies..

So what exactly is Ripple?

Ripple is a global payment, money transfer and exchange system that focuses on solving problems related to international payment transfers and aims to make financial transactions easier, cheaper, transparent and faster..

What is Ripple aiming for with XRP?

Ripple Labs Inc.. XRP coin, which was released by in 2012, is the digital currency used to facilitate transactions on this platform..

Where does Ripple’s strength come from?

Ripple draws its strength from its huge partnerships around the world, as well as new applications.

Recently, Ripple has come to the fore with its new applications and huge partnerships around the world.. Many experts say Ripple will be the Bitcoin of the future. But it is not right to expect its value to increase suddenly like Bitcoin.

It is predicted that it will make a big explosion, especially after a few years.. In fact, Ripple made a pretty good return in 2018.. At that time, it first displaced Ethereum. Of course, the biggest factor in providing this was XRP technology and the rational management approach of Ripple company.. But it has since failed to fully satisfy its investors.

How did Ripple come about?

Ripple first appeared in 2012, 3 years after Bitcoin.

US-based Ripple Labs, which issued this cryptocurrency called XRP coin. was the company. The main goal of the company was to serve banks and financial institutions that make national and international money transfers with blockchain technology.. Currently, XRP, the coin of the Ripple company, which works with many money transfer companies and banks in line with this goal, is also 4 in the crypto money market..

What are the differences between Bitcoin, Ethereum and Ripple?

There are many differences between Bitcoin, Ethereum and Ripple. However, the biggest difference is; Ripple being a more centralized system than the other two.

• The main difference between Ripple and Bitcoin and Ethereum is that XRP has decentralized technology and is currently controlled by a centralized structure.
• Bitcoin and Ethereum transfer confirmations are a decentralized system where no one controls them.
• In Ripple, transactions are controlled by financial institutions.. Among them are RBC, UBS and Westpac.

Ripple coin and its benefits

• Working closely with regulators

Ripple company works closely with regulators. Ripple CEO Brad Garlinghouse, who made a statement on the CNBC Fast Money program on this subject, emphasizes the importance of the crypto money industry working with the system.. According to Brad, the blockchain revolution will go nowhere without existing players.

• Ripple Transaction Fees and Speed

Ripple’s most one of the big advantages is transaction fees and speed. Transferring XRP coins between Ripple wallets takes seconds. Ripple’s transaction speed and low costs naturally caught the attention of large financial institutions..

In terms of transaction fees, Ripple is almost as cheap as it is free. Standard transaction fee was up to 0.00001 XRP.

• Scaling

Ripple is way better than Bitcoin when it comes to scaling. Ripple system can handle 1500 transactions per second. With this speed, banks and financial institutions can make international money transfers very cheaply and very quickly

. Today, many banks use a third-party Belgium-based SWIFT technology for international transfers.. Transactions take days due to this third party. Money transfer is not possible outside of working hours, on weekends or on holidays.

• Ripple XRP is cheap

The crypto money of Ripple technology Much lower cost than other XRP alternatives. For this reason, XRP attracts the attention of many investors.. Ripple price has now increased by about 4100% compared to the initial ICO price.

Some 100 banks are already using Ripple at the moment.. Some of them are Santander, Credit Agricole, Bank of America. Ripple is expected to add many more banks to its network as of 2019.

Ripple acts as a very important bridge between the crypto money industry and traditional finance.. Financial institutions are witnessing and developing a positive approach to blockchain technology and benefits through Ripple..

Ripple price is much more stable than many other cryptocurrencies. For this reason, it acts in a very compatible way to become the crypto money of the financial world, which is claiming.

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