Among cryptocurrencies, Ripple (XRP: ripple) is relatively well known. However, compared to transparent trading network, which is the most famous stock, Ripple (XRP) is still not well known. Many people may be worried about whether the price will rise soon. Some people may be concerned.Therefore, this time, we will consider the features and latest news of Ripple (XRP: ripple), the future potential, and the price forecast based on it.The content is to inform you, by all means, for those who are thinking of purchasing Ripple and those who already own it. Please use it as a reference.
- 1. What is Ripple (XRPripple)?
- 2. What is the future of Ripple (XRP/ripple)?
- 3. The possibility that international remittances will not be able to outperform SWIFT in the field
- 4. Conclusion
What is Ripple (XRPripple)?
Ripple is the name of a remittance system created by Ripple, Inc., headquartered in San Francisco. The virtual currency used in it is called XRP.To be precise, Ripple is not a cryptocurrency name but the name of a remittance system. As a colloquial name, virtual currency is often called ripple. Ripple is designed to use money transfers between countries. Unlike bank transfers, it is characterized by a high level of function that allows you to transfer funds anywhere in the world.
A large number of copies
Ripple (XRPripple) is characterized by a large number of 100 billion sheets. Since the maximum issuance limit of Bitcoin is 21 million cards, it will be about 5000 times. In anticipation of the widespread use of Ripple by international commuters in the future, the number of tickets issued is increasing. There is a good reason why Ripple has been issued 100 billion copies.There is also the expectation that “Ripple will replace international remittances of banks?” and some people predict future price rises. Its market cap ranking is in 7th place (as of September 2021).
What is the future of Ripple (XRP/ripple)?
What do you see as the future of Ripple (XRP/ripple)? There are both opinions that Ripple has “high potential” and “no future”.Is ripple going to be tough in the future? Let’s take a look at what the rationale is for each.
Grounds for the opinion that the future is bright
- The International Money Transfer System (RippleNet) is excellent and future-proof.
- Invests from several well-known corporations
- An IPO by Ripple takes place.
The International Money Transfer System (RippleNet) is excellent and future-proof.
One of the reasons why Ripple (XRP/ripple) is said to have a high future is that the system of international remittance is excellent. Compared to existing remittance systems, it is characterized by lower cost and faster remittance speed.If Ripple (XRPripple) is used as a bridge currency in various financial institutions around the world, the demand for Ripple (XRPripple) will increase.
Several well-known companies fund it
A well-known large company funds Ripple. It spreads as an element that can be expected for the future potential of Ripple. And it is attracting attention in the cryptocurrency world.
Companies that have invested in ripple:
- SBI Holdings
- GV (formerly Google Ventures)
- Andreessen Horowitz
- Seagate Technology
The fact that such a well-known company is investing shows its high potential. If Ripple’s name and recognition increase in the future, the number of companies in which it invests will also increase.
IPO by Ripple
Ripple CEO Garlinghouse has announced that it will conduct an IPO to raise funds. It is unclear how Ripple’s price will move with an IPO. However, with Ripple’s name spreading to the stock market, it is quite conceivable that investment money will flow into cryptocurrencies.If stock traders become interested in the cryptocurrency XRP and purchase XRP, it will lead to a price increase.
The possibility that international remittances will not be able to outperform SWIFT in the field
Currently, SWIFT is used as a means of international remittance all over the world. More than 10,000 financial institutions in 200 countries around the world are participating. It is unclear whether XRP will become mainstream by stealing this share. For XRP to become mainstream in the world, it must take over the share of SWIFT and increase the utilization rate of XRP.
In this article, we have talked about the future potential and future price of Ripple (XRP / ripple). Ripple is expanding as an international money transfer service and has a promising future. The price of Ripple (XRP) may arise in the future. It is because some world-famous companies fund it. Know more at bitql.cloud