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

The rise of Bitcoin made the first investors very rich. For example, anyone who bought Bitcoin a few dollars a few years ago has a success story to tell. Currently, the value of Bitcoin is around $ 6,553. However, they had to wait quite a while before reaping the rewards. And the fact that the value of Bitcoin continues to rise, investors continue to do more and more every day.

What could happen if we knew of the next successor? We have seen how Bitcoin has drastically changed the lives of many. That's why traders, investors and analysts are looking for the next big news in the cryptocurrency sector.

Ripple's strength

Recently, Ripple has gained a lot of attention and partnership. Financial experts predict that Ripple could be the next Bitcoin. But like Bitcoin, its value will not increase from one day to the next, but we can expect to see a significant increase by 2019.

Ripple behaved well in the previous year. Once, he had dethroned Ethereum from his position, all thanks to its stability and solidity. Despite the fact that Ethereum has regained its position, Ripple has continued to grow and has earned its place in the cryptocurrency sector.

Ripple was launched in 2012, about three years after Bitcoin. Ripple Labs, a company based in the United States, has built Ripple. His main concern was to create a payment system that would be used by the banks to facilitate the transfer of funds both internationally and nationally. Currently, many financial institutions prefer the ripple due to payment processing. The Ripple XRP token is ranked third in the coinmarketcap.

The main difference between Ripple and other popular cryptocurrencies like Bitcoin and Ethereum is that Ripple is a centralized version of decentralized technology. The Bitcoin and Ethereum systems are supported by global miners who process and verify transactions. No one has effective control over their systems.

The Ripple transaction arrangements are controlled by specific financial institutions such as RBC, UBS and Westpac, among others. The fact that Ripple has a great deal of control over its system worries many buyers and sellers. Most investors opt for a decentralized platform like Bitcoin. You can use some of the main b free telegraphic signals to understand how the encrypted prices increase and decrease.

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.

This post is part of our series of contributors. The opinions expressed are of the author and not necessarily shared by TNW.

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