Ripple is a protocol which has been created in order to transfer money anywhere around the world almost instantly. It is one of the fastest cryptocurrencies when it comes to completing the transaction.
The ripple protocol is designed to enable banks as well as individuals to transfer money anywhere around the world at the click of the button. Overall, more than 100 financial institutions are currently using the ripple protocol in order to transfer money.
Thus, it is able to complete a transaction from one place to another place in the world almost instantly. The fees of Ripple are actually much less as compared to the normal transactions which are conducted through banks. The fees of the Ripple network are even less than the other cryptocurrencies which can be used in order to transfer money all over the world.
There are many banks which are using the Ripple protocol now in order to transfer money. This is done in order to ensure that they are able to provide international transfers to their customers almost instantaneously. Moreover, since the fees are on the lower side, you can be sure that the customers would be able to benefit as well. Many of the banks are also trying to use the ripple protocol in order to transfer money for their clients. As the number of these clients goes on increasing, the value of ripple would also go on increasing. In the future, with the rise in the value of ripple, you can be sure that the founders are of ripple would be much more valuable as well.
Ripple is consistently adding new clients. Ripple is not just adding new clients but marquee name clients as well as banks all over the world. Moreover, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another. This is the reason why Ripple is actually pretty undervalued currently. In the coming future, as it gains newer and newer clients, the Ripple will be able to increase its market cap and value significantly most probably.
Experts agree upon the notion that, well-built platform, worldwide investing interests and penetration in the media and mainstream society, Ripple is bound to grow in the short, medium, and long-term.
For starters, pundits continually say that the possibility of Ripple ending 2018 at a value nearing $10 is very much attainable. You may see the figure and may think that is not a lot, but consider that it is currently at less than a dollar: that would be more than ten times its actual price! Imagine how much money could be made with high volume investments.
Based on current projections, most people within the business agree that Ripple’s value can go up to the $200-$300 range in ten years. It is in the company’s best interest if the price continues to rise, because it will make XRP less volatile.
Time ensures that banks are able to use the networks and IT infrastructure more efficiently. This is another reason why Ripple is gaining more and more prominence.