What is Ripple or XRP?? what futures XRP has? and my personally prospects.
Today, I will introduce about Ripple token (XRP) and I will mention about the prospects of this token. okay, let's get started.
Feature:
XRP is one of the biggest alternative coin. THE total amount of XRP is 100 billions and all of this coin already issued. It means the total amount will never increase. XRP is quite rare coin which don't have use blockchain.
Good Points:
Sending coin cheaper than other other ways.
We can exchange XRP to US dollar, Euro, Japanese Yen, as well as BTC. Credit card company and international bank use XRP to send money because they can reduce remittance fee.Sending money simpler.
Basically, when we send money to abroad, we have to go through correspondent bank at once. So, the remittance fee gets higher and it takes a little time. But by using XRP, the remittance gee will get cheaper and it takes just few seconds.Easy to settle
By using XRP, settlement will be easier thanks to XRP's low remittance fee and its speed.
Concern (bad points):
Existence of SWIFT
it is said that XRP will be practicalized soon. but SWIFT will be as well. Thus, XRP have to defeat SWIFT. This is the biggest concern point.Security of XRP
As what I said before, XRP doesn't have blockchain. So, compare to other alternative coin, it is possible to say the security of XRP is weak.
Prospects:
personally, the value of XRP will be increase absolutely and following reasons are these.
Google is supporting XRP and they will be installed this coin to their new payment system, Google pay.
A lot of bank contracted with XRP because they can send money easily, cheaper and speedy!
THE recent market price of XRP is...
this chart is fromhttps://markets.businessinsider.com
Conclusion:
From these reasons, I strongly believe the value will be increase in several years. Now, the value of XRP is about $0.2 but this will be get bigger more than 5 times in the future. Some prestigious investment company and famous investor also pointed out it will be 5 - 20 times bigger than now in the future... I would like to more pay attention to this coin from now.
Thank you for reading
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