Ripple XRP Price Prediction For 2018
HomeNewsSWIFT No longer an Instant payment, Industry Needs XRP, Says Ripple Coinone Launches Mobile Payment App Based on RippleNet Ripple’s XRP and Other Product’s Update Raised Market’s Eyebrows Coinbase Finally Prepared to Seriously Consider Adding XRP XRP to be Used for Settlements in R3’s New dApp Technical AnalysisRipple Price Technical Analysis XRP/USD 18/11/2018 Ripple Price Technical Analysis: XRP/USD 09/011/2018 Ripple Price Technical Analysis: XRP/USD 31/10/2018 XRP/USD Technical Analysis 21/10/2018 Ripple Price Technical Analysis XRP/USD 12/10/2018 Buy Ripple XRPHow to Convert Bitcoin (BTC) to Ripple (XRP) 5 Best Places to Buy Ripple XRP in India How To Buy Ripple XRP With PayPal An Ultimate Guide for Buying Ripple XRP in 2018 Best Way to Buy Ripple XRP With Credit/Debit Card Best Ripple XRP WalletsAboutOur TeamContact UsRipple NewsRipple XRP Price Prediction For 2018Last updated 8 months ago on April 6, 2018By ahmeddirar
Today’s Payment Rails Don’t Cut ItIn a world where three billion people are connected online, cars drive themselves and appliances can communicate, global payments are still stuck in the disco era. Why? The payment infrastructure was built before the Internet with few updates.
Latest Ripple XRP Coin News & Price Analysis
HomeNewsSWIFT No longer an Instant payment, Industry Needs XRP, Says Ripple Coinone Launches Mobile Payment App Based on RippleNet Ripple’s XRP and Other Product’s Update Raised Market’s Eyebrows Coinbase Finally Prepared to Seriously Consider Adding XRP XRP to be Used for Settlements in R3’s New dApp Technical AnalysisRipple Price Technical Analysis XRP/USD 18/11/2018 Ripple Price Technical Analysis: XRP/USD 09/011/2018 Ripple Price Technical Analysis: XRP/USD 31/10/2018 XRP/USD Technical Analysis 21/10/2018 Ripple Price Technical Analysis XRP/USD 12/10/2018 Buy Ripple XRPHow to Convert Bitcoin (BTC) to Ripple (XRP) 5 Best Places to Buy Ripple XRP in India How To Buy Ripple XRP With PayPal An Ultimate Guide for Buying Ripple XRP in 2018 Best Way to Buy Ripple XRP With Credit/Debit Card Best Ripple XRP WalletsAboutOur Team
How to buy Ripple (XRP)
XRP coins power the Ripple network. DisclaimerDO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS SITE. The author is not registered as an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with the U.K. Financial Conduct Authority (FCA). The author is neither licensed nor qualified to provide investment advice. This guide is not and should not be interpreted as investment advice, a recommendation regarding a course of action or as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative and complex, and they involve significant risks—they are highly volatile and sensitive to secondary activity. Performance is unpredictable, and past performance is no guarantee of future performance. Consider your own circumstances and obtain your own advice before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators' websites before making any decision. The author may have holdings in the cryptocurrencies discussed. All product names, trademarks, brands, photographs and logos are the property of their respective owners.
How To Convert Bitcoin (BTC) To Ripple (XRP) Easily
How to buy Ripple (XRP) in 3 Simple Steps
Note: If you’re looking to buy Ripple for trading purposes only you may want to check out Plus500or AvaTradeRipple CFD trading. Keep in mind that when trading CFDs your capital is at risk. What is Ripple?Ripple is a global settlement network, making it easy to transfer nearly any currency to anyone in the world in just seconds. The Ripple platform has rendered the archaic system of sending money through SWIFT or Western Union obsolete. At this point, Ripple is focused entirely on working with banks, offering them a more efficient and cost-effective way to send real-time payments around the world. Consider this hypothetical example. Directly transferring currency inexpensively from Japan to Nicaragua, JPY/NIO isn’t generally feasible. Instead, an individual or bank will usually trade JPY to USD and then USD to NIO. At each step, the fees add up, making for an expensive way to send money internationally. By using Ripple, one can trade JPY to XRP (Ripple’s currency) relatively inexpensively, send XRP to the recipient, either an individual who has a Ripple wallet or a bank in Nicaragua, and from there, trade XRP into NIO. In other words, XRP is the grease that allows any currency to be easily exchanged for any other currency on the Ripple platform. While banks in general have been slow to adopt Ripple, there is no doubt that real time worldwide payments are the future. The Ripple platform gives banks a huge advantage both over their competition and financially. Ripple is focused on the “Internet of Value”, meaning that money transfers should move as quickly as information does in the technological age. With Ripple, there is no reason to pay a fortune and wait days when transferring money globally. Why Are Banks Using Ripple?A few banks have embraced the Ripple platform including, Santander, Axis Bank, Yes Bank, Westpac, Union Credit, NBAD, and UBS, among others. According to Ripple, banks can save an average of $3.76 per payment by using their protocol. Considering that banks perform thousands or perhaps millions of transactions every year, this represents a significant savings. If there is one thing that captures the attention of banks, it is how to make more money, while saving more money. This is why Ripple, or a real time, inexpensive, global settlement network similar to it, has a bright future ahead of it, as they are offering a new way to conduct business that brings financial institutions up to speed in the Internet age. Ripple is lead by Brad Garlinghouse, while the brains behind the scene is David Schwartz, the Chief Cryptographer. Based out of San Francisco and branching out around the world, the Ripple team has been constantly improving the protocol, while connecting with banks internationally. Ripple continues to hire top talent from around the world and aims to facilitate the greater majority of international payments worldwide. As it currently stands, Ripple is one of the most exciting Fintech organizations with their innovative financial platform, as Forbes even includes Ripple in their Fintech 50. How Do I Invest In Ripple?While large scale investors may be able to invest in Ripple directly, most other investors and speculators are limited to investing in XRP. XRP, Ripple’s native currency, took off in value in 2017 when it went from under $0.01 toover $0.30 a coin. This huge surge in value is due to both bank adoption and speculative interest. As it currently stands, Ripple has the third highest market cap behind Bitcoin and Ethereum. XRP allows for seamless financial transactions from any given currency to any other currency with negligible fees. In a sense, XRP is the reserve currency on the Ripple platform that enables users to trade nearly any currency of choice into XRP and send XRP globally to anyone. The individual who receives XRP can then trade it for the currency of their choice. Every time any given currency is traded into XRP, liquidity increases, as does the value of XRP, due to greater demand. In other words, Ripple is attempting to turn XRP into a global reserve currency of such even though it may not seem that way just yet. However, transferring XRP is the easiest and least expensive way to send value over the Ripple protocol. At some point, it may not make sense to move into any other currency, while instead, simply using XRP exclusively for global payments. If people and banks from around the world turn their fiat into XRP and collectively decide not to move back into fiat, the price of XRP will no doubt skyrocket. The goal is to turn XRP into a stable currency that doesn’t deviate in value much so banks would be comfortable moving into it without fear of volatility. As it stands, many banks don’t want anything to do with XRP because it can dramatically change in value overnight or even in seconds. In order to assist banks and payment providers Ripple has partnered with BitGoto mediate these risks so expect further bank adoption relatively soon. A long-term appreciation in the value of XRP is ultimately the end game strategy for Ripple, as they hold the majority of XRP in existence. This means that a bet on XRP is a bet on Ripple. It should be noted that Ripple also offers consulting services to financial institutions and has no problem securing fundingwhen needed. In other words, it looks like Ripple is likely to be around for a long time. How Many XRP (Ripple coins) Exist?Of the 100 billion XRP tokens in existence, Ripple holds 61 billion of them. With the company holding the majority of the coins. In order to build investor confidence, Ripple has locked up 55 billion XRPwith 55 smart contracts. One by one, each contract, holding 1 billion XRP, expires monthly throughout the course of 54 months. As it currently stands, Ripple has spent about 300 million XRP a month for the past 18 months to handle expenses. This operational transparency should give skeptical investors a reason to believe that Ripple is in this game long-term and would not benefit by selling off their holdings, thus plummeting the value of XRP. What Are The Advantages Of Ripple?There are a number of advantages that XRP has over other cryptocurrencies, most notably, Ripple is working directly with banks. While anyone opposed to the banking cartel monopoly may not want to invest in Ripple on principle alone, there is no doubt that Ripple is focused on smart business decisions by making ties with the very corporations that control global finance. Investors who want to capitalize on the hard work Ripple is dedicating to their global settlement network are likely to witness a steady increase in value over the long term by simply holding XRP. Simply put, buying XRP and forgetting about it could result in 10x or even 100x gains over the long-term. Ripple is fast, with transactions confirming in under four seconds. In other words, it can be used to purchase every day items, assuming that it is adopted by both merchants and users worldwide. In addition, Ripple is scalable, as it regularly handles 1,000 transactions a second. It has even been shown to handle as many transactions as Visa, more than 50,000 transactions a second. What Advantages Does Ripple Have Over Bitcoin?Bitcoin is great, but it isn’t a fast way to exchange value, while Ripple is. In addition, the cost to send bitcoin has increased significantly as more and more transactions are taking place on the blockchain, while transferring XRP is still relatively inexpensive. In addition, the Ripple network doesn’t get bogged down by transactionslike bitcoin currently does. The original goal of Ripple was to develop a platform that didn’t consume huge amounts of electricity like the process of mining bitcoin. In order avoid mining entirely, all 100 billion XRP were “instamined” that inherently has drawbacks to anyone who appreciates the benefits of mining. Many argue that Ripple is centralized, but the company is working hard to change that. Ripple is becoming increasingly decentralized through validator node diversity on the Ripple Consensus Ledger (RCL). In fact, Ripple argues that it is more decentralized than bitcoinat this point in time. One of the biggest advantages, at least from an investor’s standpoint, is that Ripple is making connections with the banks around the world, while many see bitcoin and other cryptocurrencies as competition to the established financial order. In other words, banks are far more likely to embrace a protocol like Ripple and its native currency XRP, rather than support bitcoin. What Are Some Drawbacks To Ripple?While XRP has some huge advantages over other cryptocurrencies, some would argue that it is a big brother platform for making global transactions. Since the original vision of Ripple was focused on allowing everyday people to make global transactions, like remittance payments, inexpensively and quickly, the pivot to focusing exclusively on banks was seen as a turnoff by many. Anyone who likes the Ripple platform, but doesn’t like Ripple the company may want to use Stellar, a Ripple fork from Jed McCaleb, as it has more of an altruistic vision. As stated before, XRP was created all at once and Ripple owns the greater majority of these tokens. Even though these coins are locked up in a smart contract and the likelihood of a sell off is small, it is still something to consider. In a sense, Ripple is the central bank of XRP. Researchers at Purdue University have determined that the Ripple platform has security vulnerabilities. Due to its open nature, nodes within the network could be subject to attack, preventing some users from accessing funds. Many people may decide not to invest in XRP for personal reasons, especially if they are invested in cryptocurrency because they see cryptocurrency as an escape from the banking cartel and government control. On the other hand, investors who are looking for profits and don’t see anything wrong with Ripple’s business model have every reason to buy XRP. How to Buy Ripple in 3 Simple StepsStep 1 – Get a Ripple (XRP) walletThe main thing to note when using a wallet to store XRP is to write down the secret key and store it in a secure location. Better yet, write down the secure key many times and store it in many secure locations. This secret key will give users access to their wallet no matter what. XRP wallets generally operate the same as Bitcoin wallets, so if you’re not familiar with the differences I suggest watching our Bitcoin Whiteboard Tuesday episode about wallets. It is best to keep your XRP on a hardware wallet for maximum security. It should be noted that every Ripple wallet must initially be funded with a 20 XRP reserve in order to protect against low level spam attacks. Ledger Nano Sis currently the only reliable hardware wallets for storing XRP and a number of other cryptocurrencies. You can read our review about it here. Toast Walletis a self hosted easy to use wallet that can hold Ripple. The wallet is available for mobile (iOS, Android) and desktop (PC, Mac, Linux). Rippexoffers a desktop wallet for Mac, Windows, and Linux that gives users full functionality. Here is a guide to seting up the Rippex desktop walletand sending XRP there for storage or trading. Step 2 – Find a Ripple ExchangeThere are several options for buying Ripple today. You can either buy it with fiat currency (i.e. USD, EUR, etc.) or you can trade Bitcoins for Ripple on specific exchanges. Invest in Ripple via a trading fundPlatforms like eTorodon’t give you actual access to your coins and you can’t send coins from eToro to other people. The only thing that can be done with the platform is to buy and sell Ripple for fiat currency (i.e. Dollars, Euros, etc.). Meaning this platform is good if you only want to speculate on the price. This method is only valid if you live outside of the US. IMPORTANT! If you use eToroyou don’t actually need a Ripple wallet as they don’t supply you the actual coins. Also, Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. So keep in mind that your capital is at risk. Buy Ripple With Fiat CurrencyThe best way to buy Ripple for people who don’t already own Bitcoin is to purchase it directly through a wire transfer or a credit card. CEX.io, allows you to quickly buy XRP via your credit card or wire. CEX is a London-based cryptocurrencies exchange and has been around since 2013. You may read our full review on CEXas well. Coinmamaalso allows you to buy Ripple with a debit or credit card. The company is a well established broker that started operating back in 2013. You can read our full Coinmama review here. It is also possible to buy XRP with a wire transfer through Bitstamp. After signing up and following their KYC (Know Your Customer) procedure, it is easy to send EUR through a SEPA transfer or USD by a bank transfer. As soon as the transfer clears, fiat currency can be traded for XRP directly on their exchange. Bitstamp also allows people to move funds onto the platform with a credit card payment or trade Bitcoin directly for XRP. Here are more details on using Bitstamp to purchase XRP. GateHubis another exchange that supports XRP. First, sign into GateHub and go through their KYC process. GateHub accepts SEPA transfers and bank transfers, although there is a $15 fee for bank transfers. After receiving USD or EUR, it can be traded for XRP on the GateHub trading platform. Buy Ripple with Bitcoin (trade BTC for XRP)Throughout the Ripple community, the consensus is that the least expensive way to purchase XRP is by buying bitcoinfrom Coinbaseor another provider first. Then, bitcoin can be sent to any number of exchanges and traded for XRP. The easiest way to trade Bitcoin for XRP is by quickly exchanging it on Changellyor Shapeshift. Krakenis another popular exchange that allows users to trade bitcoin for XRP. XRP can also be purchased with bitcoin by trading it on Poloniex, and Bittrex, among other exchanges. Japanese customers can use Coincheckor Bitbankto buy XRP. Individuals located in Mexico can use Bitsoto buy XRP. Customers located in South Korea can use Coinoneor Korebitto purchase XRP. Step 3 – Withdraw your XRP to your walletI wouldn’t recommend leaving your XRP on the exchange you bought them from. This is due to the fact that you don’t actually control the private key for your coins and therefor they are no actually yours. No matter where you got the coins from remember to withdraw them into your own Ripple wallet that you hold the private keys to. Once the transaction is confirmed you’ve successfully finished the process of buying Ripple. Conclusion – Is Ripple Worth Investing In?Ripple will probably appeal to larger banks throughout the next couple years, as they offer a global settlement network that enables real time payments internationally, while reducing transaction fees. Anyone who purchases the innate digital asset, XRP, has the potential to earn huge returns on their investment, if Ripple keeps making headway throughout the banking sector. While fleeting, the concept of XRP becoming an established global reserve currency is an ideal scenario for investors. Even though XRP has increased in value significantly in 2017, I believe this is just the beginning of its ascent. However, as always, were there is great reward there is also great risk involved. Please make sure to invest responsible as we’ve outlined in the past.
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