A lot of people made a lot of money out of Bitcoin. Most of them invested in the early stages many years ago and sold recently near the top. Industry experts are predicting the next big thing may not be Bitcoin but Ripple. The company has made a lot of news lately with new partnerships and adoption across the financial industry. But could it really be bigger than Bitcoin?
A number to crypto experts were recently interviewed by Forbes during which they predicted that Ripple and its cryptocurrency, XRP, could be the thing to invest in now. One prediction is that larger gains would be possible due to its low price below a dollar. Bitcoin is already trading at around $10,000 so to go up significantly from there it will need a lot of in-flowing cash.
Ripple Already has a Foot in the Door
With Ripple’s faster transaction speeds and lower fees it offers an easier way for financial institutions to embrace the digital currency, and over a hundred of which already have. That is according to Craig Cole from Cryptomaps who also attributes this to XRP’s monumental rise year on year. This time last year Ripple’s cryptocurrency was trading at just $0.006, it has risen over 14,300% to its current levels today. Cole also went on to say;
“Ripple just might be the catalyst in making cryptocurrency more mainstream. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future.”
John-Paul McCaffrey, Associate Director at Long Island University, added that “Although currently there isn’t a platform to exchange fiat currency for Ripple (XRP) this may change sooner than you think,” fueling the rumors that Coinbase may list the altcoin later this year. Another industry expert, Roman Guelfi-Gibbs, Director of Operations at Pinnacle Brilliance, thinks it will take another year before Ripple makes the big-time;
“Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019. As the market observes more projects being coded in other algorithms such as XRP, ETH will likely take a backseat to the next big coin/token. It will take some time for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place.”
Global Block Chain Technologies president, Shidan Gouran, said that the dollar volume separating the top three market capacities would need to be closer for XRP to improve. Additionally consumer awareness needs to increase and it needs to be available to the masses on the same level as Bitcoin and Ethereum which can be bought in fiat.
Company CEO Brad Garlinghouse stated in a separate interview with CNBC that the crypto industry needs to work with regulators to go forwards.
“It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system. The blockchain revolution is happening from within the system it’s not going to happen from outside the system.”
He went on to state that “There are some within the bitcoin community that really advocated not just down with banks but down with governments, we have been a contrarian relatively speaking in that regard,”
Naturally being a private and centralized company Ripple will have a different take on the ethos of cryptocurrencies. However, being of that nature has provided it more partnerships and adoptions than any other similar digital currency. As these continue, its role in the future of blockchain technology and mainstreaming cryptocurrencies will no doubt expand.
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John-Paul McCaffrey, Associate Director at Long Island University, added that “Although currently there isn’t a platform to exchange fiat currency for Ripple (XRP) this may change sooner than you think,” fueling the rumors that Coinbase may list the altcoin later this year
You have got to be joking – is Coinbase the ONLY exchange on the planet. You can open and account at Kraken (US based) and directly buy/sell XRP for fiat.
Research!!!!!!
The mainstream only know of Coinbase – 95% of “journalists” included ?
This article looks to me as being advertising. The XRP token is exchangeable for USD and EURO on kraken (one of the biggest exchanges). So if that is already the case then that argument cannot be a trigger for higher prices
Bitstamp also works great.
Buy – XRP for USD or EUR and back to the fiats.
Do your research before publishing!!!!!!!
Well, if offered enough I will also sell my XRP directly for FIAT, does that count…?….
Paid article, ripple is a centralized shitcoin.
Then dont invest in it stupid indian shithead fuck
I wont anytime soon, fortunately I do my research. Coins like ripple are ruining crypto. Ripple is highly centralized, not very different from a standard bank. You know so I’m right so You only know how to throw insults at me. BTW I’m from Europe 🙂
How is it “ruining” crypto? ?
Because bitcoin has to be mined, while ripple is completely centralized and not mineable. It isn’t even a crypto, it is more like a platform. It’s bankers coin, do I really have to say anything else? While ripples price might grow in the future, it is unfair to call it cryptocurrency.
Let them do their reading, banking paid bitch boys. Ripple defeats the whole purpose of moving to a system where the average punter doesnt get fucked over like 2008. More FUD to try to stop that right shoulder forming.
Exactly! Bankers are afraid to lose the control, so they are trying to get into it themselves. Shilling their CrippleCOIN to newbies…
Ripple created a token as a means for more efficient money transfer (cross-border settlement). They’re a company solving a real problem… The CEO doesn’t even consider XRP a currency, but a “digital asset”. Banks are also going nowhere. You clearly don’t know how an economy works.
Yes, bitcoin is mined, but that isn’t a positive thing! That makes it expensive to use, painfully slow to process, and expenses a tremendous amount of demand on the electrical grid. Xrp is cheap, and fast. Oh….XRP LEDGER, DESPITE WHAT YOU THINK, IS DECENTRALIZED. Its ripple, the company,that is centralized.
It would be possitive if Bitcoin was mined the way it was intended to. RIPPLE IS NOT DECENTRALIZED, because trusted nodes are only owned by ripple.
Have you considered the costs of fiat? ATMs, SWIFT, hydrocarbons and plantations for notes, REAL MINES for mining nickel (soooo goddamn poisonous) for coins, running a mint… this is somehow more environmentally friendly than a system of ASIC miners running. Im not saying building computers doesnt use most of that stuff, but seeing as we’re going to keep building computers anyway, doesnt it make sense to work with an efficient network, and retire the old one that needs armoured trucks and vaults for moving around cash and gold.
BTC is a joke. Mining has completely centralized it, mining destroys the environment, and hardly anyone uses it in commerce. Transactions take forever to confirm, the costs to send are too high, and using the LN violates the original ethics of BTC… The mainstream still associate BTC with fraud/crime/anarchism, while Ripple is working with regulators to disassociate “digital assets” with crime. They’re doing more to advance the space than BTC is.
No, coins like Ripple are not ruining crypto.
What’s ruining crypto is the bitcoin bubble and all the people that turned bitcoin from a promising asset into a speculative tool.
Sort of like the top 3 mining pools controlling 51%+ of the BTC hash…
Ok, sure.
Okay, then tell me why do you think, that an instrument like ripple, which is already gaining many strong partners such as central banks, that are using the technology behind the coin, shouldn’t appreciate over time. I am not saying it will reach bitcoin levels where the purpose was total anonymity, but i think the price should increase over time, let say in a 1-3 years investment period
Grow up, kid. Most people don’t care that much how centralized or decentralized it is, but rather 1) is it useful and 2) is it cheap.
You sound like a naive fool, honestly.
That’s is the problem, people should care, and if not those people who cared and liked the oriinal idea, then cryptocurrency today would be still unknown. Decentralization is the main aspect of a cryptocurrency.
That’s right… Garlinghouse is not rich for no reason. He knows what counts.. Ripple solves real problems that company’s want and need to succeed. It provides service at low cost.
XRP does not represent a stake in the company Ripple, the banks that are their customers do not hold it or use it for transfers and the supply is limitless. There is no value in that coin. None. A similar comparison to a centralised blockchain is NEO, however whilst it is centralised for now, they are working their asses off to change that by engaging more and more good partners to branch the blockchain. Good luck trying to pump XRP back to $4. Positive FUD turned out to be bullshit. Dickhead.
Ok…..
Give me one reason why a limitless coin that doesn’t represent a share in the company, isn’t held, but plugged by banks and their promoters like CNBC will ever reach more than $4? BTW the $4 hike was on fake rumours that XRP would be made available on coinbase which was completely refuted.
Just do some reading, it’s all our there in plain sight. BTC was a response to the man failing now the man is trying everythng to try stop a return to a bullish market. Kind of sad.
Moneygram, Western Union, Cuallix, Zip Remit, Flash FX, Cambridge, etc, etc,….all using XRP.
Try to keep up with the news.
By running a pilot that involves you holding xrp for the time it takes for the transfer to complete, proceeds go to ripple co, xrp represents no stake in that company. Yeah I’m up with the news, still trying to see the value proposition given xrp is limitless and there to facilitate the software.
It’s a utility token that can be printed as needed..
Printed as needed? ?
Limitless??? There is a limit on xrp. And a burn rate decreasing the amount. As for the amount that has been made….1) it makes prices more stable, 2) ripple has one hell of a motivation to do whatever is necessary to increase xrp value. Oh, btw, GOOGLE IS INVESTED IN RIPPLE. It’s the the blockchain company that has received a Google investment. Ripple will be around for a LONG TIME
Work within the system. Monopoly in businesses make entrepreneurs wealthy , sustain them and work for the future.
I’m just here hoping that Havven solves our problems for everyday crypto transactions lol. This is what we neeeeed