Ripple was the cryptocurrency that saw the most growth in 2017, over 36,000%. Partnerships with institutional banks, who adopted the technology, helped push this cryptocurrency to impressive heights.
Ripple price:€0.50 per coin
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Ripple is the name for both a digital currency (XRP) and an open payment network whereby currency can be transferred around the globe. It has transformed financial institutions and the financial transactions through the blockchain technology and has been doing some major partnerships.
Buying Ripple (XRP) has never been easier. All you must do is choose Ripple on CryptoGo, choose your desired amount in GBP/USD/EUR and pay with debit or credit card. You can also complete your purchase via wire transfer if preferred.
Most of the banking sector view XRP as the tool to transform the financial industry. Already almost half of the banking and payment systems are in Ripple’s sights. In 2017 alone, XRP gave 36000% returns and it has been growing ever since. The danger with investing in cryptocurrencies is that most of them are not in wider use or aim at solving any wider real-life problems. However, Ripple and XRP are already in broader use. The platform has provided a tool whereby money is already moving international. It’s reliable and cheap and millions of dollars have already been sent via XRP. The best way to think about it is that XRP is a product whose demand will keep increasing. As an investment, it is a very good venture for hodling.
When buying through CryptoGo, you can expect your Bitcoin, or chosen cryptocurrency to be transferred within 1 to 3 hours - depending on how quickly you send in your KYC documents for our compliance team. (Photo ID, Proof of Address and Selfie/Head and Shoulders Shot of yourself holding up the ID you have provided). Once the compliance team are happy with your documents, they are happy to release the coins to the wallet address you have provided.
The most used digital wallet for Ripple is Cryptonator or Toast wallet, most Ripple wallets require you to have 20 XRP to open the wallet address.
Bitcoin and many of the most popular cryptocurrencies rely on mining as a way of gradually adding to their monetary base or population. Bitcoin has already issued more than 75% of the maximum supply of 21 million that will eventually be available. Ripple, however, doesn't have mining ability. The maximum supply of 100 billion Ripple already exists, with the founders of Ripple Labs having individually kept 20 billion Ripple originally and contributed the remaining 80 billion to the company, therefore it cannot be mined or reproduced in the way that Bitcoin and other Altcoins can.
As Ripple seems to be getting further integrated with banks and financial services, Ripple has potential to be more widely used and arguably has the most user-friendly features. As mentioned, with the adoption of Ripple with some major banking institutions for ease of transfer, the potential for this crypto and its wider use is huge. Where the market does appear to high risk and volatile, the adoption of Ripple to a more mainstream use would make it appear that this crypto is here to stay despite any dips in the market, making it a safer investment.
Prices in the cryptocurrency market constantly go up and down. However, what we see is that this is far less the case with Ripple. Ripple-payment aims to enable fast payments worldwide. This indicates that they are working towards their goal, which is why investing in ripple is a so-called long-term investment.
Ripple was created to solve on main problem which is the transaction delay in bank transfers and the expense that they incur. The target is to tie payment systems together with XRP (a settlement asset that can be transferred in a few seconds) and ILP (a protocol for discovering and coordinating transactions across multiple ledgers) so that money can move as easily as information does today as well as conducting critical ID checks are reducing time delays throughout the cycle.
The market capitalisation of Ripple is currently $20,089,553,728 USD which is the total value of money invested into the coin.