When you look into ripple, you will find that there are a couple of problems. The 1st one is that the blockchain can be easily used without the use of the cryptocurrency. Secondly, the concept of decentralization is not proper.
You need to keep in mind that Ripple development team has decided that the blockchain can be used easily without the use of the token itself. That is why it is offering the same solution to various companies all over the world. Moreover, 55 million tokens are actually in an escrow service for the next 4 years. As a result, the supply of Ripple is actually immense. In spite of these 2 factors, there are a few reasons why you should think about investing in ripple.
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Ripple is the biggest holder:
When you look at the token XRP, you will realize that Ripple is the biggest holder of XRP. As a result, it is not entirely decentralized. However, the good news is that Ripple will not be selling in bulk. It has held the tokens in escrow service. They will only be released at a steady pace. This will mean that sudden flooding is not possible.
Stellar reputation of Ripple:
Earlier, it was suspected that Ripple might actually sell the tokens certainly. However, now that they are in the escrow service it is not possible. It is also monitoring the development effectively. As a result, the influence of Ripple is positive on XRP. Also, Ripple is connected with various corporations as well as banks who are using the XRP protocol. As a result, this is actually good news for the token.
XRP vs BTC:
Even though Ripple does not hold the celebrity status of Bitcoin but it has made inroads into the banking and finance industry. Moreover, it is also tying up with various banks as well. As a result, it is able to make inroads into the market which it is targeting as well. As a result, it is becoming easy for you to gain newer and newer clients as well. As it gains newer and newer clients, it would be able to expand its Ecosystem even more.
Owing to these 3 reasons, it might be a good idea to think about investing in Ripple currently. You have to always keep in mind that if you’re indeed thinking of investing in Ripple, it is important for you to look into the positive factors. The usage of ripple protocol is also increasing by banks all over the world. As a result, the ripple protocol is certainly becoming more and more famous. As it becomes more and more famous, individuals use the protocol as compared to any other cryptocurrency. All of these factors combined make it worth investing. Any kind of usage will increase the value.
