XRP and Ripple aren’t just like every other blockchain project out there, XRP isn’t aimed at just being a digital currency (just like BTC does). It has a purpose of being used to provide a solution to one major issue in the world – to carry out cross-border settlements and remittance services quick, cheap, and safe.
This indeed an ambitious goal that would take a long time to achieve, but Ripple Labs have devoted itself to the project, and it has made a significant amount of progress. Here are some reasons why XRP is a great investment option at the moment:
Partners Build Long-term Viability and Confidence
The products of Ripple – xCurrent and xRapid – are already being adopted and used by some of the largest financial institutions and banks in the world. It helps to reduce costs and increase speed and reliability – and this helps them to save money and their customers are also happy with their services.
Ripple has secured a lot of partnerships all over the world, and the partners of Ripple are using its products (xCurrent and xRapid) which, in turn, uses XRP tokens. These partnerships build confidence in smart investors that have “long-term” in mind.
Coinbase To Add XRP to Its Platform Soon
Irrespective of the fact that the value of the digital currency is relatively small, it is still the third most valuable digital currency in the world by market cap, and it is one of the most popular trading digital currencies in the world.
Coinbase will soon go public, so they need to do all they can to improve value for shareholders. There has also been a speculation that the firm is saving the listing of XRP for a period when it could have a very significant impact on its IPO. When this happens, the value of the digital currency will skyrocket and it might even surge over its all-time high.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is trading at $0.4373. The market cap of XRP is $17.18 billion and its trading volume over the past twenty-four hours is $165.86 million.