Analysis

Analysis: why Ripple is a real revolution despite criticism

At the moment we write Ripple (XRP) is around 3 USD.

Ripple has one of the cheapest transaction processings and has continuous developments, its team is composed by experts from Silicon Valley.

According to its white paper, Ripple’s technology can process 1500 transactions. To have an idea Bitcoin takes seven transactions per second.

Ripple technology is powerful enough to replace international payment systems by reducing the cost and allowing instant transfers. And this is a real revolution.

The fact that Ripple is a real thing and not just a virtual bet is the fact that many banks and many financial institutions started to collaborate years ago with pilot programs. As we wrote in exclusive, Western Union is talking with Ripple to adopt XRP this year. 

And many banks will start to adopt Ripple in the next coming years. So, there is no doubt the coin will be a front-runner in 2018.

If we want to talk about numbers: quadrillions of dollars move across borders every year. The current levels of value that SWIFT handles are around $5 trillion per day.

SWIFT payments usually take 1-3 working days to reach their destination, however it is possible that they can take longer due to circumstances such as time differences between the sending and receiving country.

Ripple’s Consensus Ledger can process 1,500 transactions per second and settles an international payment in an average time of three seconds. This is a real revolution.

Adopting Ripple’s technology will bring a substantial and measurable increase in velocity and it means we will get more transactions, because people, organizations and companies see the fact to send money as an opportunity to save time and not viceversa.

Furthermore, the technology reduces the cost to near-zero, the adaption has no barriers.

ADVICE: BUY

PRICE: 2.70 – 3.20 USD

 

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