With the increasing number of altcoins in the cryptocurrency market, it is about time to focus on growth and much more. Ripple (XRP) is one of the most important cryptocurrencies around. Ripple is uniquely designed, and unlike other blockchain-based coins, it is not “decentralized.” For experts, this does not qualify it as a fully-fledged cryptocurrency.
So, how much will Ripple grow? Well, we would like outline some thoughts to help you make your mind up about how big Ripple can get. As part of that, you should be aware of the expected future cryptocurrency growth patterns.
It might not be possible to accurately determine how big XRP will become, but we can extrapolate from the growth pattern of other cryptocurrencies. From where I sit, there is no doubt it is surging into the league of BTC and ETH. However, your guess might be different.
Here is my take
Ripple (XRP) is an impressive idea for use in the financial sector and more specifically, to be used as a currency processor between banks. Over the years, the network keeps expanding meaning the uptake is positive. It is now becoming the standard way of communicating between major banks and other financial institutions. This is a tool to eliminate bottlenecks in money transfers; it is fast, dependable and transparent.
In a real sense, XRP does not replace the existing systems; it makes them better. It is up to you to choose a traditional or innovative money transfer platform. If you love fast transactions without third parties, Ripple should be your natural choice. This means no more delays and chargebacks for a deal gone bad.
What makes Ripple (XRP) stand out from the pack?
The adoption of Ripple in the financial sector means it is much better than some existing systems such as SWIFT. This means the moving from those that just like it, to those that adopt it is real. When real users come on board, added value will be actualized, and this gives an idea how big Ripple (XRP) can get.
When people talk about SWIFT what comes to mind is the time it takes for a transaction to complete and the cost. Bank clients have a degree of uncertainty given that some transactions can take days under the guise of verification. To overturn this, Ripple offers a speed users dream of, with no verification delays, and you get your funds in seconds, if not real time. With XRP, you do not need to track your transactions; they are guaranteed.
Ripple tries merely to discover where banks have failed and fill the gap. If there is a system that can beat financial institutions regarding speed and reduced fees, can you resist the temptation of adopting the service? It seems the mantra Ripple is thriving on now means it will do in the future. It is your money, and you need it in your hand, anytime, anywhere.
Here is the catch for Ripple (XRP)
When Ripple started in 2013, the goal was to provide a system that processes currency transactions. So, why offer a system like others have done before? XRP delivers a better and superior service. It saves clients and banks billions of dollars each year.
The system used blockchain technology, and this provides users with trust; there are no weak points for hackers to penetrate the system. Your money is delivered to your address securely and seamlessly. To make it clear to the investor, its funding is sound. Ripple has brought on board the likes of FF Angel LLC, Andreessen Horowitz, Vast Ventures, Google Ventures, Bitcoin Opportunity Fund and Lightspeed Venture Partners among others.
There is no denying that XRP is inspired by SWIFT; however, it also complements it and offers the financial sector and users a better choice so they can take control of their digital assets. One reason to expect a bright future for Ripple is the trust it has already earned within the financial sector.
The beauty of Ripple is that it has introduced an excellent product that was long overdue. Users have embraced it and are still doing so. Once there is general consumer satisfaction, the opportunities become unlimited; this is an idea whose time is ripe.
What is the future of Ripple?
The above points should help you make your own informed conclusions about the future of Ripple but not wholly. Once the Ripple brand becomes a household name, XRP, the token gets a place in any cryptocurrency enthusiasts’ digital wallet.
With SWIFT out of the way, what next for Ripple (XRP)? This could be a hard nut to crack, but in my opinion, the next stop will be credit cards. With secure and stable systems, user trust will come naturally, and that is what credit card holders love. A Ripple credit card seems to be the next big thing in the cryptocurrency arena.
Sorry to single out Ripple, Litecoin (LTC) and BitcoinCash (BCH) are also focusing on currency processing market leadership but have failed to get their brands recognized. Ripple seems to be keen on hitting every opportunity and hitting the ground running.
The last salvo
Not all cryptocurrencies are made equal. Ripple is not unique either; it is focused on where the others are failing. It is capitalizing on the existing bottlenecks the consumer is highlighting and seizing the opportunity. In doing so, Ripple is growing as a company and its flagship product XRP is gaining acceptance in the competitive digital money market.
So are you still asking how big can Ripple (XRP) get? The route to market is a clear indication, and the XRP coin is riding on this structure. I thought it wise to differentiate Ripple the platform from the XRP coin it rides on to understand why the token is poised to be the next thing in the crypto-sphere.