A Banking legacy begins to fade
Some have memories of when "Too Big to fail" banks received bailouts when the market was crashing. This was caused by bad banking practices and some down right illegal actions. However, most of these practices stemmed from a lack of sound policy from the Reserve bank which prints and regulates US money in the world economy. So, were banks doing what the Reserve allowed regardless if it wasn't allowed by US code, or, was the Reserve turning a blind eye? That requires a lot of free time and a lengthy look into murky Reserve bank policy and wordy legal jargon within the US code.
Banks saving face
One thing is for sure, the whole world depend on banks both then and now. However, because of this crisis we all endured everyone wants to know what they are doing internally. Everyone wants transparency and that is the new name of the game! We, the tax payers, should never have to bail them out, ever! Enter Ripple coin:
"Ripple’s solution is built around an open, neutral protocol (Interledger Protocol or ILP) to power payments across different ledgers and networks globally. It offers a cryptographically secure end-to-end payment flow with transaction immutability and information redundancy. Architected to fit within a bank’s existing infrastructure, Ripple is designed to comply with risk, privacy and compliance requirements."¹
Ripple is a transparent blockchain based cryptocurrency that is blazing fast. It significantly blows other widely known cryptocurrencies out of the water when comparing authentication and settlement speeds which banks rely on for quick customer turn-around which equals more business within bank business hours. L33t geeks know that banks have their eyes set on Ripple.
These are just some of the banks involved with ripple out of 29 total experimenting and getting their banks ready to go live in 2018:
Image of major banks joining the Ripple(XRP) network.²
Ripple has recently hit it's All Time High (ATH) of 0.00024 BTC or, at that time, $0.435 in mere weeks of it All Time Low (ATL) of 0.00000452BTC or $0.0054. Currently XRP sits at 0.000138BTC and is seen by many cryptocurrency traders at a great entry point but others feel that XRP is a bubble and is bound to bust very soon.
XRP ATL³
XRP ATH³
XRP Currenct Price.³
I'm no professional but the old saying goes "Follow the money". Where big Banks and fortune 500 Corporation invest and bluid infrastructure big things can occur. Leave a comment below and let the world know what you think.
This bank currency may increase remarkably in future.
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Like many others I got some XRP few years ago on Bitcointalk forum. Imagine how all was started. And yes I don't like XRP because of that strange distribution decision and centralization.
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No worries about that, the CTO of Ripple(XRP) says that it will soon be more decentralized than BTC and it is currently and always will be a deflationary coin unlike BTC and any other cryptos.
http://www.huffingtonpost.com/entry/ripple-and-xrp-are-more-stable-than-you-think_us_591cb3bee4b0b28a33f62915
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"Unlike BTC and any other cryptos"? There are many deflationary coins out there; NXT, XCP, PEPECASH :) just to name a few.
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Ripple would go far since all the top banks in the world are already vested in it success. I've trying to buy it for a month now to no avail, i'm still without it. What platform are you using? Tried Gatehub, my gateway connection is still pending, Bitstamp is yet to verify my account. Would appreciate a feedback?
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Poloniex and Bittrex are good platforms for purchasing coins. However, Poloniex has some lag issues due to high demand for their platform. Poloniex has a stock broker platform feel to it andgreat chart time lengths but no analysis tools. Bittrex has both but is less like your common stock trading platform. I currently use both, some coins are on Poloniex but not on Bittrex and visa versa.
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Thank you. Can i be able to purchase some ripple on any of the platform with my dollar card?
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Well not on any of platforms i spoke of, they are just exchange centers where you can exchange BTC for other cryptocurrencys for trading purposes.
You'll first want to click here to sign up and buy BTC at xcoins. They have been around for a while and pretty solid so you can breathe easy knowing your information is secure. They have different ways you can buy Bitcoins.
After you've bought Bitcoins(BTC) sign up with Poloniex or Bittrex and then transfer the Bitcoins to whatever exchange you signed up with. If you need help knowing how to send BTC from where you bought it to an exchange you can contact me on Skype @ mydigitaldr. Cheers!
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