There are many reasons to trade Ripple over Bitcoin. However, they’re both entirely different where to trade forex each other. It’s a settlement network where you can trade currency worldwide in a concise period. At this point, Ripple is wholly focused on working with the banks.
They are offering the major financial players a way to create a more cost-efficient, cost-effective way to send payments in real-time on a global scale. You can now easily transfer money from Japan to Nicaragua, which is hardly possible. Individuals or banks have had to convert the currencies to USD and then back over. Now it can be done in one convenient transaction. And the more conversions that take place, the more it costs in the long run.
Banks are traditionally slow to use Ripple, but the platform is growing in popularity on a massive scale. It’s merely a great, inexpensive way to send money. The leading Social Trading platform with 4. The Ripple Platform is becoming one of the best payment systems in the world. It gives financial institutions the ability and advantage over competitors. It’s a system that is centered around the Internet of value, meaning it should be as easy to transfer money as it is to move information during our age of technology. There should be no reason to pay high fees to transfer money, even on a global scale.
You can invest directly into Ripple, but most intelligent investors will invest in XRP, Ripple’s currency. That’s a return of more than 30 to 1 which is considered by many to be high odds. This massive surge of value is because of the interest many large-scale financial institutions have in Ripple. XRP gives you the ability to create seamless financial transactions from any other currency to another one with almost no fees. XRP is the reserve currency on which the Ripple platform.