Ripple rate rises: Worth a XRP Investment?

Ripple occurs with a wide range of Ecosystem, in order to conquer the international payment traffic. However, the company is velvet XRP tokens on some Resistors. Is it worth it to invest in the project?

By Phillip Horch
11. October 2019BTC$8.364,48 -1.91%part Facebook Twitter LinkedIn xing mail

The Ripple and XRP tokens profited on 10. October, from the rise of the Bitcoin price. As the third largest cryptocurrency by market capitalisation could rise in the last seven days to just under seven percent. Time to take the project again under the magnifying glass.

Promising: The Use Case of Ripple (XRP)

With its product XRapid wants to conquer the international payment traffic.

you can use the XRP tokens, especially as a bridge currency. With him, the Translation from one Asset to another should be done in a matter of seconds. The RippleNet biased here, a network of different payment service providers. This Ripple could commit some high-profile partners. These include, according to the official data, among other things:

American Express money GramPNCSantanderInstaremInterbankpontualvitesse

in Total, according to Ripple, was able to inspire the company already has more than 200 partners in forty different countries. The transactions, which are transported via XRP, be cost-effective, real-time, settled and secure. Here, however, you must remember that not all of these partners plan to use the XRP tokens.

XRP, xRapid, xCurrent, Xpring, and xVia in fast-forward

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The existing payment traffic that is made up of various centralized players with different technologies, to counteract xRapid using the XRP Token decentralisation.

So the Blockchain-companies aims first of all to institutional users such as banks, payment providers, and the like. The promise of Nearly instant Transfer of amount to low transaction costs. xCurrent is the application here, the use of xRapid and the XRP Token establishes the liquidity and the transactions of the organisation.

in Addition, a development platform that enables the Integration of payment functions in Apps is part of the Ripple cosmos with Xpring. In addition, micro-transactions on the Ripple network should be possible. The associated Xpring Developer's Kit (XDK) provides for the Integration of payment functions in Apps.

A last X: xVia. This serves as an interface between xRapid and xCurrent.

It shows that Ripple has a wide field of application.

Between the banks of The XRP Token

The XRP Token is used, among other things, to securing the network. For each transaction, a fee must be paid in XRP. This is all the higher, the more the network is loaded. To protect the XRP Ledger against Spam-attacks. The fee depends on the workload. Especially financial institutions can use the Token, but as a bridge currency in order to avoid liquidity bottlenecks.

The tokens are already present, you don't have to be like Bitcoin, first dug out of the ground. In the case of the creation of the network of 100 billion XRP have been distributed, of which 80 billion went to Ripple itself or to the network. A further 20 billion units migrated to the digital pockets of the inventor (Ripple Labs). Subsequently, the company decided, after the 55 billion XRP under the Blockchain to mix people. But it is precisely here that Ripple device again and again in the criticism.

Possible influence on the Ripple rate

Finally, a not insignificant part of the XRP Token is still in the possession of the company itself, as well as the inventors of the Protocol.

Thus, a Central position of power in the network comes to the Ripple itself. Based on the Ripple of the course and the assessment of the XRP Token, this means that Brad Garlinghouse & co. have, at least theoretically, the possibility to influence the prices by Flooding the market.

in Addition, the majority of the tokens in the Lock is-up-mode. The XRP are on escrow accounts (Escrow Wallets), of which monthly a billion XRP will be released. They flow in part to the three founders, which, in turn, is determined by the contract. The amount depends on the average daily XRP trading volume of the respective month.

This also led to resentment in the Ripple Community. This went so far that in August 2019, a campaign against XRP Dumping was launched. The success of the action, however, was moderate.

star-studded: The competition

in addition, the Californian Start-up has chosen as large as hard-fought field of application. The network had the advantage with its inception in the year 2012, the First Mover, the competition seven years later, a long time ago. So SWIFT is working, for example, of a payment channel called Global Payments Innovation, it can Ripple could become tight. The battle for the international payment traffic is not easy to win. Finally, the credit card company Visa is working on a Blockchain-solution for payment processing.

conclusion: Worth a Ripple of Investment?

It shows: The company itself has chosen the conquest of the international payments and a potentially big Use Case. The promise to revolutionize by means of XRP Token, xRapid & co. transactions between payment service providers, impact is ambitious and not without a catch: A majority of the Token is in the hands of the company and the inventor himself. Also, the competition is wide awake. As great as the potential Benefits, the risk, against the existing Player is not about to arrive.

air up: The Ripple price (XRP)

looking at the Ripple-Course, you have to notice nevertheless, There are still air upward. The Bitcoin price is experiencing a boom, so usually, the Ripple will be pulled along the course, as well as most of the Altcoins. With just 0.27, which is the US Dollar, the Ripple rate from its all-time is far high of 3.65 US dollars, after all, good 1.251 percent.

Where you can buy Ripple (XRP), Bitcoin (BTC) and other crypto-currencies, you can read here.

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