The best of both worlds even today is if you've nothing ventured, you've nothing gained.
In the surging cryptocurrency market, the very first name we recall is Bitcoin. But there lies a mixed bag fact that Ripple and other cryptocurrencies are comparatively different from one another. Looking towards the Pioneer crypto faces in the fierce competition, Ripple is first a platform than a cryptocurrency. If you're a newbie trader thinking of investing in Ripple, hold your all aces and read to the last.
In the cryptocurrency world, opportunities are not a hard nut to crack - all you need is to learn how to make hay while the sun shines. When you are trading in XRP, every transaction you perform gets recorded in the decentralized ledger for an instantaneous transaction. Cryptocurrency such as Bitcoin takes an hour and Ethereum over two minutes to process transactions. But Ripple stands out in the stark comparison as it takes mere seconds for processing. Isn't it a high cotton fact to consider as an opportunity? Well, it's true. Now, if Ripple is a missing piece from your investment portfolio, don't fish or cut bait - if done, you will blow your chance. To keep you away from the short end of the stick, let's take a look at the points that can help you hold the bars of gold.
Benefits to Remember Before Investing in Ripple
Don't fizzle out if you're a newbie into the world of Ripple. Once finished reading about all the eight benefits of Ripple, you'll find yourself filled with enthusiasm in a split second. Let's have a thorough walk of the gains you will receive.
Unforeseen Transaction Protocols
Ripple initiates its transactions through advanced transaction protocols. Giving more emphasis to the hassle-free process, converting Ripple to INR or any other fiat currency or digital currency has made it easy after removing the international remittance. As Ripple has robust protocols, the person performing transactions receives benefits, making it well-suited for both individuals and banking institutions.
Fast-moving Transactions
Did you know that Ripple can process more than 50,000 transactions per second? No, now you know. Earlier, Visa was the world's biggest digital payment processor with 24,000 transactions per second. As the cryptocurrency is surging, traders are somehow trying to get indulged and benefitting from the platform's top-notch reliability. Fast-moving transactions boost participants confidence and increase brand trust sooner. However, traditional transactions used to take two days to complete, whereas Ripple can do instantaneously that too more safely and securely.
Decentralized Payment System
As per the requirements of traders, its open-source technology works as the foundation of Ripple and allows ample customization. So, you can easily convert Ripple to INR and other fiat currencies, digital currencies, and commodities for easy transfer.
Extensive Usages
There are 39 billion tokens that have been issued by Ripple that can perform 'n' number of transactions. Until now, Ripple has been accepted by 100 companies worldwide. It makes undertaking transactions easy and convenient. Currently, Ripple is backed by some big names, including Star One Credit Union, Cambridge Global Payments, SBI Remit, SEB, BBVA, eZforex and technical giants like Apple, Google, Asana, Airbnb, Facebook, Snap, Coinbase, BuzzFeed, and Twitter.
Numero Uno Spot
A San Francisco-based Fintech company established in 2012 was founded by Chris Larsen and Jed McCaleb. Currently, the team consists of mainly Chief Cryptographer David Schwartz, CTO Stefan Thomas, and CEO Brad Garlinghouse - a bunch of supremely talented leaders that knows when to make hay while the sun shines.
Jed McCaleb, the co-founder of its prime competitor, Stellar, but still, the Ripple functionality will always be unmatched only because of the raw appeals to institutions and banks.
Affordability
Investing in Ripple is as easy as pie and is affordable. Although it has gained its name in the top-tier in terms of market cap, you can still buy Ripple for $1.
Scalability
It can be a did you know that Ripple beholds the capability to handle over 1500 transactions per minute. Don't confuse yourself with the numbers mentioned above. This impressive speed helps you scale your trade and turn a profit unforeseeable.
Security
To understand the security of Ripple let's have a look at the example. Suppose Bank A wants to send money to Bank B, then Bank A must specify the payment gateway to process the transaction. Now, the transaction is sent to a validator, and that validator converts the transaction into a proposal. Once converted, the proposal is sent to the other end validator. If the proposal receives more than 50% consensus in the first round, it is essentially required to participate in three more processes to receive the payment. This complex security is designed and developed to remove uncertain transactions like double-spending.
Stability
Since 2012, Ripple has had walked on the streets paved with gold and benefitted the participants to turn a profit. Due to such stability, it became an eye-catching factor for many enterprises and individuals who admires investing in Ripple.
In conclusion, investment in cryptocurrency walks parallel to risks but Ripple stands out in terms of security as compared to its peers. The points mentioned above make Ripple the most convenient option to invest who wants to multiply their capital in a couple of years. As you're now aware of all the points that will stimulate the desire of investing in Ripple, you can start to trade with your demo account if you are new and learn how all the tricks and tips to use to turn a profit.
