Making Money With Ripple (XRP)

Ripple’s XRP token has been up and down lately. Even though it managed to rise to above $4 in the past, the current value of XRP is below $1. However, Ripple is not a traditional digital currency – but a way of revolutionizing the payment systems and how they work.

Because of this, XRP is still seen as a prosperous cryptocurrency. The three main reasons why XRP will rise in the future include:

1. The Ripple Transaction Protocol – In times when transferring money is a grueling process, Ripple steps in with its XRP cryptocurrency which can be used in the Ripple Transaction Protocol. The protocol can be used to ferry not just digital currencies but also money and information. In short, Ripple simplifies the entire process and issues a monetary payment through a digital channel. Similar to the medieval method, the money never actually changes hands. People have access to a secure channel which is not prone to any threats.
2. The ‘Best Friend’ To Banks – Ripple is not trying to compete with banks – in fact, XRP is a best friend to these institutions. Banks are already stepping in and benefiting from the technology – mainly because of its revolutionary aspect and the fast transaction times. This is seen as a major way to simplify the financial system as we know it – leading to a potentially greater value of Ripple and an increased XRP price. The backers behind Ripple include the names of Andreessen Horowitz, FF Angel IV, and Lightspeed Venture and others – all respected in the financial industry and known for their participation in startups like Airbnb, BuzzFeed, Facebook, Twitter and Snapchat.
3. The Team (Of Investors) – The team at Ripple is growing as we speak. It is no secret that in the business world, success translates to big individuals. For Ripple, becoming established in this way was as easy as A-B-C. Its founders quickly attracted a lot of venture capital owners and major investors. This is how Ripple raked in $55 million in venture capital in just one funding round. The same can be expected for its token which is the third most popular cryptocurrency in the world.

So, the best way to start investing in Ripple is to buy the XRP token, which is now at a good price and always with potential to rise even more. The two most popular cryptocurrency exchanges where you can do that are Poloniex and Kraken.