— The trading volume of XRP is approaching the most popular currencies: BTC and ETH. Experts suggest that trading volume in 2018 will grow, and the growth of speculative activity on the cryptocurrency Ripple can bring it to the level of $4-5.
— Although it is expected that the total value of XRP will grow, not all the months of 2018 will be the same. Many enthusiasts in the world of cryptocurrencies don't like the idea of cooperation with banks or other financial institutions regulating the market.
In the long run, and as long as there are banks, XRP is likely to be a solid investment, but in some months the cost can be reduced.
Why XRP have a shot in 2018?
— Operations:
Ripple is working with several major financial institutions around the world. The company aims to leverage the entire financial sector, providing an instant transaction using its technology. The developer implements a system of instant transfer of funds between countries, based on the blockchain.
In the future it is expected that this technology will be adopted by all banks of the world. They will be able to use XRP to conduct multi-currency transactions, thereby minimizing overhead.
Currently, SWIFT facilitates most internat
ional payments. Whenever we make any cross-border transaction, we need to provide SWIFT code of the Bank branch. SWIFT has a monopoly on cross-border transfers. In its network there are more than 11 000 financial institutions and 200 countries.
Ripple is associated with the largest financial institutions and works with dozens of banks, helping them to implement blockchain technology. It's hard to say how soon the Ripple will replace SWIFT and replace if at all. However, the company can really break the monopoly of SWIFT for international transfers.
I never really liked ripple, solely because it had tie ins with the banks and companies. Guess that was the rebellion side of me! It's only now that I realize that it actually is a more safer coin to invest in precisely because of banks and companies. It's a coin you know will always increase in value and its so much more secure that other coins.
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