Despite the bear market in 2018, Ripple never ceases to amaze with his fearsome evolution and ever-increasing acceptance.
The downside of Ripple
Ripple has been created primarily to serve banks and the largest financial institutions in the world and is seen in more and more titles thanks to their interesting developments over the past few months. The company has managed to attract so much attention in the industry that more investors are turning their eyes on Ripple.
The pure success of Ripple
Another claim to Ripple’s real success is its partnership with more than 100 banks around the world, including some of the biggest names in the industry.
Right now, Ripple has a total capacity of 50,000 TPS (transactions per second), which is impressive. For reference, Visa (one of the largest digital payment processors in the world) has a limit of 24,000 transactions per second.
Tech giants invest in Ripple
Currently, the company is supported by major investors such as Google, Apple, Airbnb, Asana, BuzzFeed, Coinbase, Facebook, Twitter and Snap as well as Cambridge Global Payments, Star One Credit Union, BBVA, SEB, SBI Remit, eZforex.
Although Stellar is considered to be Ripple’s most competitor (as both projects are co-founded by Jed McCaleb), there is a series of differences that will prove the company has no analogue. Perhaps the biggest difference between Stellar and Ripple is philosophical. While Ripple has been designed from the outset to appeal to banks and large corporations, Stellar’s goal is to provide cheap financial services to people who do not have access to banks and people in the developing world.
XRP Is still Cheap
The currency is still in Top 3 according to CoinMarketCap. This is the only currency below $1. While BTC and ETC are being traded for hundreds and thousands of $
My personal opinion
Because Ripple is absolutely the opposite of what crypto is meant to be (being decentralized – no banks involved) Ripple is exactly a prime example of how banks want to be in everything. I have $100 invested in XRP a long time ago and I will dump when the price hit $2 or $3.