Perhaps, you are aware of the uncomplicated ways of investing in the Ripple using the powerful crypto robot called the Crypto Code after understanding the full review about it, but, are you aware of the reasons to invest in this cryptocurrency? No? Don’t worry as we are here to enlighten you on the same but, only after understanding the definition or the purpose of the coin!
What is Ripple?
Ripple or the XRP is a digital currency that operates within the Ripple Transaction Protocol (RTXP)! That is, RTXP is a real-time payment system developed by the company Ripple Labs that allows the transfer of the money between the two intended parties very quickly, no matter, where the parties are placed in this world!
So, what does the Ripple coin do here? The Ripple coin is the fuel that makes the functioning of the RTXP seamlessly possible. While XRP is not mandatory for the RTXP to function, it is preferred for the sake of cost-efficient service!
The Reasons That Make The Ripple Investment Unavoidable
- The flawless protocol
Since the protocol of the Ripple overcomes many of the flaws of the current payment options, there is a higher possibility for the network to be appreciated by the major sectors of the world, which means prospective growth of the coin in the near future. The best example of the superiority of the protocol or the coin is its collaboration with the famous Western Union company, the money exchange or the money transfer facility. From January 2018, Ripple has partnered with three top money transfer companies, of which the Western Union is a notable one! This collaboration has made Ripple much stronger and more user-friendly, where the transfer of funds to more than 500,000 locations around the world is now possible, appreciably!
- Partnership with Bithum-Korea pay service
One of South Korea’s largest cryptocurrency exchanges is the Bithum, with whom the Ripple has recently partnered with. This has naturally, attracted a majority of the South-Korean cryptocurrency investors that has resulted in the large volume of Ripple trading! This shows the possibility of favorable growth of the Ripple in the future and therefore, investing in them will only favor your financial position, indisputably!
- The powerful investors
For the popularity and the growth of the Ripple, its powerful investors are the proof and here are the details about them! The powerful tech-giant Google is fond of this payment network, as they believe that the network is safer than the conventional card way of payment! The other powerful investors are FF Angel IV, Andreessen Horowitz, and Lightspeed Venture!