XRP is one of the greatest cryptocurrencies ever moreover it is used by banks as well.
I am very positive on XRP it is time to buy ripple.
Honestly, I am a day trader and all my daily profits are going into XRP only, not much but whatever I earn I put that into ripple
XRP is not ripple.
I think we need to say it again and again :
Here is the difference between xrp and ripple taken from their whitepapers:
1) Ripple, the company, offers banks a software called Ripple Connect (thanks /u/cmbartley) which uses InterLedger Protocol (ILP) to transfer $$ between banks with a minimal fee because it doesn't have to get transferred 2-3 times into different fiats or service fees. It simply needs to get converted once. This software DOES NOT USE XRP.
2) XRP is simply a cryptocurrency that exists outside of this software that is high in liquidity and has fast transactions.
There is nothing that distinguishes XRP from other cryptocurrencies that carry the same properties such as LTC or Zcash. Source: https://youtu.be/51dMe_Oui4M?t=2439XRP is far cheaper and faster than any coin or payment option on the planet...FACT For you newcomers out there looking to invest in this coin, you need to know the following things:
1) The success of Ripple the company is not directly tied to the value of XRP.
2) When you buy Ripple, you are simply buying another cryptocurrency.
It's advantages are its fast transaction times, high liquidity, +
cheapest to transfer and has highest TXPS and finally the various exchanges it's on.
3) You are NOT buying the currency that banks are currently using to transfer their money. So banks are not buying XRP right now and you should not expect banks to buy up a whole ton of XRP in the near future.
4) However, Ripple the company will advocate for use of XRP as the cryptocurrency of choice within Ripple connect for banks to transfer money in the ILP between lesser known fiats outside of the USD and the Euro.
XRP is a game changer, for all payment systems, nothing comes near it.
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