RIPPLE (XRP) CRYPTO CURRENCY
What we know so far: XRP IS AND HAS BEEN EXPANDING LIKE NO OTHER CRYPTO CORPORATION!
"Blockchain payments startup Ripple is looking to make new investments and acquisitions, with a few deals reportedly underway, according to the company CEO. This announcement comes in light of Ripple’s Q2 report, which detailed the company’s total sales of its native token XRP increasing by nearly 48 percent to $251 million." ~ coindesk.com
XRP already has operations in Mumbai, New York, Dubai, Brazil, London, Singapore and most notably Japan. As well as partners like Google Ventures, SBI group and MoneyGram among many more.
There is no Crypto Currency positioned better than Ripple! The clear advantage Ripple has on Bitcoin is infrastructure, while the open source approach the creators of bitcoin decided to implement makes it more adaptable, Ripple has become a multi-billion dollar organization seeking regulation and implementation globally.
When you add the operational reach of Ripple with the fact that usage of the system which caters to helping financial institutions and citizens execute global transfers that can take up to 3 days in 3 seconds on average.
The price of XRP is currently priced at .26 cents. As usage increases over the next few years the price of each coin will almost certainly increase as well.
Every Crypto Currency seems to have pitfalls that hinder them from taking the lead in this space. For XRP, Escrow account releases(more commonly known as "dumping") and the vast amount of tokens that the founders of Ripple currently possess has been a subject of scrutiny. I myself am concerned with those practices. But if you do your due diligence on different investment opportunities in the crypto space, I am confident that you would strongly consider adding XRP to your portfolio.
RISK DISCLAIMER THIS IS NOT FINANACIAL ADVICE, ALWAYS SEEK ADVICE FROM A LICENSED FINANCIAL PROFESSIONAL.
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