Ripple (XRP) Prices In 2017

ripple xrpRipple Prices Aiming at $1 with Expanding Global Markets

Ripple has been making headlines of late as it emerges as one of the most bankable technologies of current times. Ripple prices in 2017 depend on one single distinguishing feature that makes Ripple unique and of tremendous value.

The best way to understand this is to know that Ripple is not a currency. Ripple is a company running the world’s only blockchain solution that can be used by enterprises for global payments. And XRP is the digital asset owned by Ripple that is used for these payments. The company provides financial settlement solutions globally, which reduces the total cost of settlements by enabling banks to transact directly and instantly, while ensuring certainty. This is what sets Ripple apart from other players in the crypto arena.

It is not hard to fathom the rising interest in Ripple’s digital asset. XRP is being touted as the fastest and most scalable digital asset that enables real-time payments anywhere in the world. But as is the case with every new technology, there is bound to be uncertainty surrounding the Ripple XRP price.

As the XRP ecosystem expands further, it would attract more investors into the fold, which bodes well for the XRP price. However, in the short term, it could witness volatility, as seen by the recent developments in South Korea and China. Both countries are planning to bring more regulation to digital currencies and have initiated a crackdown on initial coin offerings (ICOs). Last month, XRP prices shot up by almost 40% as trading in South Korea surged.  

Ripple wants to exchange value the way the Internet exchanges information. Investors who have been pouring their money in the company are recognizing the huge potential of this channel. The general expectation for the XRP price is that it will breach the $1.00 wall soon.

As the world of digital currencies gets hotter day by day, promising technologies like that of Ripple will gain the most. This global settlement network will become faster and more reliable in the years ahead.

If you have ever sent money anywhere in the world, there is no doubt that you would want it done in the cheapest and fastest way possible. As the number of global financial transactions continues to increase, the technology that supports this infrastructure remains outdated.

As Ripple says, the global payments are still stuck in the “disco era.” Ripple connects banks, payment providers, digital asset exchanges, and corporations to provide a single frictionless experience to send money globally.

It is built on the most advanced blockchain technology that is scalable, secure, and interoperates different networks. The company’s global network is growing with more than 90 customers.

Ripple’s business has picked up speed of late, which helps explains, in part, the rally in XRP prices. Ripple is trying to build the digital payments standard for the financial sector and this is leading to a higher Ripple price prediction for the future.

Based on Ripple’s estimate, a bank can reduce the cost of processing remittances by 33% using Ripple’s technology and by 60% if coupled with XRP. This is a strong factor in favor of this technology and XRP.

Ripple has been signing deals with big banks and financial institutions and this has been impacting Ripple prices in 2017. The following Ripple price chart shows how XRP has been making significant gains.

ripple chart

Coming to the Ripple price prediction, it looks unlikely at present that XRP price will cross $1.00 any time soon. However, given the fact that Ripple helps financial players achieve one of their most desired goals of reducing costs while increasing transaction speeds, this technology has indeed bright days ahead.

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