Three of the new promises in the cryptographic ecosystem



Despite all its problems, XRP still remains the third largest crypt by market capitalization, obtained only by Bitcoin (BTC) and Ethereum (ETH). As a result, many new investors believe it is the perfect currency to buy. It's understandable why they think it, after all, Ripple has a capable team behind it, it's the third largest coin, and it's cheap, being valued at $ 0.325557 per coin.

However, there is even more to choose right coin than its position on the list and its price. In order to determine if Ripple is truly a good investment, prospective investors must consider a whole spectrum of different aspects. They have to pay attention to the cases of use of money, to its project, to future plans and more. Of course, not all of these things will always be the strong seed of money, which is why you often have to make a list of pros and cons, and then decide whether it is worth risking or not.

With that in mind, we have prepared some of the pros and cons of Ripple in order to determine whether it is really a good investment or not.

Ripple pros

1) Ripple (XRP) works and is ready for adoption

To begin positively, we will talk about the XRP protocol. It was piloted with Ripple's xRapid product and test results showed that the solution is cheaper and faster than many others. It takes less than three minutes to complete a transaction and can save anywhere from 40% to 70% of the costs. In addition, its network is highly scalable and when all these things are combined, they create a well-oiled machine, ready to be adopted globally.

Ripple has made a goal to become capable of handling as many as 1500 TPS as possible, which is significantly faster than its major competitors can offer in obtaining better international payments. Obviously, Ripple continues to improve and new tests are performed constantly. With this dedication, Ripple is improving, and increasingly closer to mass adoption and global acceptance.

2) Ripple partnerships

Many investors choose their coins based on the amount of confidence that serious firms are putting into them. If money is not trusted by big companies that know what they are doing, then why should anyone be willing to give them money?

When it comes to Ripple, this is definitely something that the currency has dealt with. The number of financial institutions and large banks that have partnered with XRP is already enormous and new ones come together almost every day. While these partnerships are a guarantee that Ripple is necessary, and that it will not disappear silently, they are also a strong indicator of the value of the currency that will rise to the stars when conditions are met.

Obviously, banks do not just enter a partnership with a currency that does not fit. This confirms that Ripple as a product has real value. While a lot of banks have already joined Ripple, they remain relatively insecure about everything related to cryptocurrency. However, they fully support the blockchain technology that powers the token, and the two are part of the same package, which means that XRP is not going anywhere. The only thing left to do now is to enter even more collaborations and make Ripple even stronger than it already is.

3) Low price and decent stability

Although many have accused Ripple of being centralized because of its design and the way it works, the currency has been fairly stable and reliable. This is what all banks and financial institutions need to trust a crypto, especially now, when they are adopted while most are still chaotic. This is what makes Ripple attractive since security is in its stability.

Moreover, money is very cheap, as mentioned above. Investors can get more coins for less than $ 1, which makes this a perfect way to buy it. We have already discussed how the price of Ripple should rise when appropriate conditions arrive, so why not make a profit when that time comes? The coin has great potential, and can reach very interesting heights.

Now that we have seen some of the greatest professionals in this crypt, let's look at the other side of things, and look at some aspects that

Ripple cons

1) L & # 39; use of XRP (yet) does not go beyond xRapid

As mentioned earlier, Ripple is mainly entering into partnerships with banks and various financial institutions and none of these groups is too interested in the use of cryptocurrencies. This makes Ripple usable only on xRapid to provide liquidity when it is needed. So even if Ripple is entering many partnerships, this does not mean much in terms of use. It will mean the world when the banks finally begin to accept the criptos as legitimate payment methods, but that time has not yet arrived.

Add to this the competition of Ripple-like coins that also share similar targets, such as Stellar (XLM), and it might even seem that Ripple is losing, even when it is winning. Not to mention the fact that a lot of banks out there have turned their backs on the currency, believing they can create their own digital currencies. While there is a bright future ahead of the XRP, there is still a long way to go before the currency can arrive.

2) Uncertainty and controversies over regulation

Finally, it is time to talk about the controversy and the gray regulation area surrounding the currency. For a long time, there was a real fear that Ripple would be proclaimed as a security by the US SEC. At this moment, it would seem that this danger is behind us and that Ripple can finally be considered a real cryptocurrency. However, there have been numerous lawsuits against his parent company, Ripple Labs, which states that the company controls the currency and that XRP is centralized.

The company continued to deny these allegations on every occasion, and even managed to win some of these battles. However, many people are still not convinced of the decentralization of the currency, which is certainly slowing down Ripple's progress.

So, what does all this mean in the end? Ripple is a good investment or not?

Ripple seems to be a currency that, in reality, has a future. While some of the disputes surrounding it are still present, it can be argued that the situation is much better now than several months ago. Basically, Ripple maintains all its qualities, while the negative aspects are slowly starting to go away. As such, Ripple has the potential to be a good investment, although it is highly advisable to do your own research before making a final decision or any real action.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.

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