Why Ripple is said to be the next bitcoin Is Ripple XRP the next bitcoin?

Working with regulators

According to Brad Garlinghouse, CEO of Ripple, for any type of industry to grow and move forward, he must work with regulators. During an interview with CNBC Fast Money Brad said that the entire industry should realize the importance of working with the system. Exactly how the Blockchain revolutions occur within the system and never outside the system.

There are many ways on how Ripple Blockchain platforms work better than Bitcoin and what has caused Ripple's popularity increase.

Ripples transaction costs and speed [19659013] At first, by comparing how Ripple and Bitcoin process their transactions, Ripple comes out faster for miles. For example, when sending or receiving XRP from a portfolio to another, it takes a few seconds for the transaction to be processed and confirmed.

Faster transactions and lower fees are the main reason why major financial systems are adopting the XRP currency. This is the premise for the dramatic increase in the value of Ripple. You can confirm the value and transaction fee of XRP in cryptographic exchange platforms.

As for the Ripples transaction fees, Ripple XRP is almost free. The standard transaction fee for a standard transfer is 0.00001XRP. For example, in January, when Ripple sold for $ 3.29, the transaction fee for that case would be $ 0.0000329. In reality, this means that it would only cost you $ 1 to send over 30,000 transactions.

Ripple is helping a lot of financial institutions and individual investors save a lot of money. In fact, with the expected increase in the value of Ripple, we expect more widespread payment flows. Ripple is undoubtedly on the rise, and has the potential to be the next bitcoin token in the near future.

Scalability

Again, when it comes to scalability, the Ripple system works better than Bitcoin. As mentioned above, the speed of the Ripple transaction is very high. For example, Bitcoin takes about a second to handle seven transactions. Well, in the case of Ripple XRP, it can handle over 1,500 per second.

This fact makes Ripple ideal for a large and multi-trillion of interbank industries. With the Ripple system, banks will be able to send money to international banks quickly and easily. Currently, it is very slow and expensive to send money internationally. For example, most banks use a third-party organization based in Belgium known as SWIFT to transfer money . This means that someone can not send money for emergencies.

With Ripple in the financial sector, financial institutions can use XRP to facilitate the transfer of money and act as a liquidity bridge. In this way, banks and individual investors will save a lot of money and time. So we can expect more in the near future.

The Price of Ripple

Ripple XRP token prices are much cheaper than its alternatives. This explains why Ripple has attracted so much attention to cryptocurrency speculators. Currently, Ripple's value of XRP has improved by over 7000% compared to its ICO price.

In fact, over 100 banks have already adopted the Ripple token. Some of these financial institutions include Santander, Credit Agricole and Bank of America. With Ripple already doing these partnerships with major banks around the world, we expect to see more in the future.

According to Craig Cole of cryptographic maps, expert in the cryptocurrency sector, Ripple could be the catalyst that would make the sector of the most mainstream cryptocurrencies. Ripple is just a new cryptocurrency on the rise today, but that promises a lot in the future.

The exact value of cryptocurrencies changes in a few seconds and can only be confirmed through the main exchange platforms. The Ripple value is stable compared to the common cryptocurrencies like Bitcoin.

In short, there is no doubt that Ripple has the potential to replace Bitcoin in the major cryptocurrency market. In the days to come, we will be able to see how this reveals.

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