Ripple
Ripple (XRP) Prices Heading For $2 In 2018
No crypto-savvy eye missed Ripple’s remarkable journey in 2017. Ripple made headlines in the last month of 2017 for becoming one of the only cryptocurrencies to return a mind-blowing 11,000% in gains. XRP price ended the year over $1.00, meeting our Ripple price prediction in 2017.
Its meteoric rise is owed to one distinguishing feature that sets it apart from the other more-than-1,300 cryptocurrencies. Ripple is not just a digital currency. It is a blockchain solution for banks and enterprises to save costs on moving funds across borders. Ripple provides financial settlement solutions globally, allowing banks and companies to transact securely and instantly.
According to Ripple, the global payments are still stuck in the “disco era.” While the number of global financial transactions increased, the technology that supported this infrastructure remained outdated.
Ripple now promises the cheapest and fastest alternative to traditional modes of money transfer. Based on Ripple’s estimate, a bank can reduce the cost of processing remittances by 33% using Ripple’s technology and by 60% if transacting in Ripple’s cryptocurrency, XRP.
This unique incentive is what’s attracting big banks to its network. Ripple has been signing deals with major financial institutions and corporations, all of which are showing interest in adopting its blockchain-based technology.
We believe that this institutional interest in Ripple will continue to push its prices up, which is why we are bullish in our Ripple price forecast for 2018. Watch this space for our daily Ripple news updates and our Ripple price predictions and analysis.
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From: Michael Lombardi, MBA