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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.

 


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8 comments

  1. Ripple as a company will do amazing. XRP as a token will not be utilised at all. In fact – using a network akin to omni would provide further utility than XRP for banks. It’s the Ripple side of things that is interesting; not the fake crypto-asset XRP. The sole perceivable value of the token is to fund Ripple Lab development external of seed capital.

    Side note; has everyone just straight up forgotten that Jed McCaleb has done nothing but fail and cheat in this ecosystem. XRP and XLM are just further examples of this.

    1. Hello Ceysset

      We believe for ripple moon is not the limit it can go far beyond the moon. Please read complete article that is what we explain in the article too.

    2. XRP offers a possible extra 60% saving on transfers! I know what option I would choose if I was sending trillions daily. Why mention Jed who was forced out of the company because of his behaviour. This is a professional company who are making great advances in the crypto world and you bitcoin holders have to give up spreading your FUD!!

      1. Sure, FUD whatever. Take a step back and try and consider some reality here, I’m guessing you’re a ‘When Moon/Lambo’ kind of recent entrant. I mention Jed as the history in this ecosystem is important and relevant – particularly when we are discussing enterprise sentiment.

  2. I guarantee you the banks will not utilise XRP, if they even embrace Ripple beyond that of the test beds I have interacted with at a variety of (Australian) banks. Things akin to the PPN(IBM HL (XLM is utilised here – not XRP for some perspective)) or R3 Consortium projects will supersede. The cost savings come from reducing clearing costs, which banks aren’t just going to let Ripple take a real market share of when there’s alternatives that won’t incur any ELAs.

  3. THE XRP TOKEN REALLY CONFUSES ME, THE REASON WHY 30 BANKS HAVE TESTED AND NEVER USED XRP TOKEN IS BECAUSE IT IS CENTRALISED. A BANK CAN NOT HAVE THAT AMOUNT OF EXPOSURE FROM 5 (A COUPLE OF THEM COULD BE CLASSED AS DODGY, ESPECIALLY THE MTGOX THING AND BITCOIN PRICE CRASH. RIPPLE LABS IS DOING OK ESPECIALLY WITH ITS COMM TOOLS BUT THAT IS NOTHING TO DO WITH THE TOKEN. IT HAS NEVER BEEN USED. THATS THE AMZING THING WATCHING THIS PRICE THING ON NO USAGE. IT IS AMAZING. IN MAY THE EXACT SAME THING HAPPENED, RIPPLE WENT NUMBER 2, ALL THE NOOBIES BOUGHT AND LOST MONEY WITHIN 3/4 MONTHS. I MEAN IM NOT SAYING IT WAS HIM THAT CRASHED THE BITCOIN PRICE BUT IT WAS THE RIPPLE GUYS ADMIN ACCOUNT, AND THAT PUT US IN A 15 MONTH BEAR MARKET, NOT TO MENTION THE FACT THAT ACCOUNT BOUGHT LOADSA BTC AT 1 CENT.

  4. As with most hotly contested subjects, the truth typically lies somewhere in the middle ground. Ripple’s xRapid/XRP is being tested by their money transfer clients like Western Union, LianLian, and Moneygram, but banks are extremely conservative when it comes to adoption of new technology. In the 1990’s, similar to Brad, I sat in on Fortune 500 meetings with telecom giants, pitching the advantages of voice, data, and video over TCP/IP networks. Every last one told us they would “never” swap out their legacy X.25 voice systems for VoIP on the Internet.

    Well, they did. And they chose Ethernet as the transport mechanism because it was ubiquitous, cheap, and could connect to anything. I believe the same will happen in the blockchain space.

    BTW, people curiously tend to underestimate the ability of government to rain on one’s parade; in the world of finance, you’re either on the side of the Central Banks, or you’re a footnote in history. Don’t discount the risk that the banks are piloting xCurrent or other fintech just to get their feet wet as they develop their own, private token prior to outlawing the rest. They don’t even have to do so overtly; just by raising the regulatory bar so high it’s impossible for everyone but themselves to comply. One thing is for certain: banks are going cashless, and that probably means blockchain of one sort or another. The “winner” in this contest is likely to have both a political and technical advantage over its rivals.

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