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 “Ripple is a virtual currency that seems to be similar to Bitcoin, but it seems to be similar to a bank. Is that true? ” The above understanding may be what most digital currency investors know about Ripple. Although many people have bought Ripple, unfortunately, most people still know very little about Ripple, which has the ability to shake the existing currency global circulation system. If you find yourself among this group of people, don’t fret, because it is difficult for the general public to access the in-depth content of XRP and correctly understand the pros and cons of XRP. When it comes to the exciting digital currency market, ordinary investors often get obsessed with the ups and downs of prices. If the price of an unknown altcoin rises rapidly, it will firmly dominate the news headlines, and few people will ask about the logic of its rising value, no matter how obvious its investment value is. However, the prices of some currencies, such as Monero and Yi shares, have increased several times recently.  Ripple, on the other hand, has been relatively quiet. Although Ripple is always among the top 5 most popular digital currencies, its price performance has never been exciting. This has caused many people to forget or ignore something that must be paid attention to, that is, "What kind of feat is Ripple trying to accomplish?" ” The problem that Ripple is trying to solve is closely related to the low circulation efficiency of the global payment system. The global economy is carrying about 155 trillion U.S. dollars of multilateral capital flows, and this process is accompanied by high handling fees and time costs. If you have paid attention to the service fees for international fund flow customers, you will find that the total handling fees are beyond imagination. So now we are back to the question that all investors are concerned about at the beginning of the article, is Ripple a good investment project? It should be emphasized that we only provide you with information to help readers make decisions, rather than giving specific operation methods. Ripple CEO, Brad Garlinghouse, gave the following reasons why people should invest in Ripple:  “The first thing to clarify is that Ripple is a private, currency-positive company and we do not have any plans to expand with additional capital. Broadly speaking, I will not give investment advice, but I am still happy to describe the main driving forces driving the growth of Ripple and the appreciation of XRP. Ripple is focused on building a global financial network by using our software to construct something we call the Internet of Value. Our goal is to reduce the transaction costs of international payments as much as possible to facilitate the movement of money around the world simply as information flows today. When such a network continues to grow and there are more and more Ripple applications, the price of Ripple coins will naturally increase. When this happens, the price of XRP is reflected in the market. ” We see Ripple trying to solve a series of problems, and they may indeed be the best company to engage in this business. But we also discovered some issues that need to be paid attention to when investing in XRP for the long term. Disadvantages of Ripple  Ripple is not decentralized. Ripple holds 61% of the XRP coins with a market value of approximately US$16 billion. This means they can control its price by adjusting their XRP holdings. Since they have such a large amount of XRP in their hands, unless they choose to buy back XRP, it will only cause the price of XRP to fall. However, they have not yet seen any intention to buy back XRP. The focus of Ripple is "how to reduce the transaction costs of funds in international circulation." This is the cornerstone of Ripple's global payment system. Therefore, it is impossible for Ripple itself to appreciate to a very high price, because this will increase the liquidity cost of funds. Obviously, this is not good news for speculators who hope that the price of Ripple will rise rapidly. There are currently 38600451446 Ripple coins in circulation, with a total market value of approximately US$9983659362 (approximately US$0.25/unit), and the upper limit of the circulation of Ripple coins is 100000000000. The absolutely sufficient quantity of money restricts the potential for price appreciation. Therefore, it is unlikely that we will see Ripple experience the same value growth model as NEO. Advantages of Ripple Ripple is one of the few digital currency companies in the world that actually makes money and has a real agency in reality. The market is currently flooded with a large number of virtual currencies that have no substance other than white papers. Ripple is completely different from them. The global payments industry is worth trillions. At present, it is impossible for many large banks in the world to create their own "XRP". This is determined by their inherent selfishness and centralization characteristics. For example, Bank A is unlikely to have sufficient incentives to use Bank B’s digital currency. Additionally, these banks are beset by the question, “How do you maintain sufficient control over a decentralized virtual currency?” ”. Ripple is a third-party media whose main purpose is to promote the global payment industry and actually generate profits from it. anyway Ripple is working hard to break down barriers to global capital flows How far can he go on this path? We'll wait and see Welcome to follow Qiankun Technology WeChat public account platform. Here we will always share the company's development trends with you and continuously bring you the best quality product information. In the future we will release more new products that can bring health, happiness, happiness and wealth. I hope everyone will pay attention to the platform regularly and share the best product information with family, friends, and people who need it. Let more people participate and spread the healthy and happy spirit.  Ripple QQ exchange group: 202163666 (To learn more, long press the QR code to follow us) |
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