What is XRP?
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.”
How do I Buy XRP?
You can purchase XRP on multiple websites for the full list click here.
Why I Invested in XRP This Year?
It is simple, XRP provided a technology to the enterprise level that is proven to work. The XRP technology saves money for banks and provides a faster way to transfer money from one bank to another bank. Now some people are hesitant to investing into XRP due to their competitor and only competitor SWIFT is an older company. SWIFT announced they will be releasing their technology that is identical to XRP. What is the catch? SWIFT is still in the testing phase, while XRP already signed multiple banks ready to go live with the technology.
I’ve been watching the Cryptocurrency Market go downhill the past few days and everyone is starting to panic. Now XRP went from ~$0.26 to $0.19 recently. I am not going to show you a graph and explain to you a trend in Cryptocurrency. I had a moment to speak to one of the early XRP investors https://twitter.com/pompous__p on Twitter. He/She jumped onto XRP when it was less than $0.01 and decided to buy a lot, if you follow pompous_p on Twitter you’ll notice XRP giveaways are frequent. This brings awareness to XRP and allows people to have a huge share in such a successful Altcoin.
The moment banks start utilizing Ripple’s technology and the usage of XRP you’ll see a huge jump in the price of XRP. The early investors will be happy on the returns in a few years. Many people are scared of what will happen on August 1st, buy low, sell high.