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Yes you heard it right, an investment into this product has given more than 3000% returns at certain point making it one of the best investment ever seen. Prices of Gold is still hovering around $3000 segment in US and at ₹30,000 per 10gms in India, then what is the product that has given such a ROI with in such a short notice ? Answer is XRP or Ripple a digital currency which has been built upon block chain technology, a sibling to Bitcoin but with a better and good fundamentals.
XRP or Ripple is a digital currency launched by a startup company. Still the company holds 50% of the currency and rest is available in the market owned by retail investors or financial institutions. Ripple’s distributed financial technology enables banks to send real-time international payments across networks.
Which means chances are pretty high that Financial institutions may opt for XRP for processing of International payments which will considerably reduce transaction cost and increase speed of transaction. XRP to XRP transactions can be settled within 4 seconds (Quite impressive, much faster than BitCoin or Ethereum).
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| source : www.ripple.com |
According to Ripple.com 15 out of top 50 Banks in the world uses Ripple for payment processing with 30 active integrations of Ripple into their payments processing systems, with use of Ripple Bank-to-Bank transactions can be settled without any central operator. Already 9 Countries are participating with Ripple payment system, no doubt in near future more countries and financial institutions may join Ripple Wagon to integrate their payments processing systems with Ripple.
With above factors XRP is going to have a good time in coming future which might be price enhancing factor of Ripple over this past year. A $100 investment at XRP price of $0.005 in 2016 this time would have become $3000 at XRP price of $0.2 today.
Let us see, How Ripple is going to change the way Banks operate!!!
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