Cryptocurrency has long been a controversial topic. Some investors believe it is the future of finance, while others see it as a scam. Major coins like Bitcoin and Ethereum are gradually being widely accepted in the investment community, even on Wall Street. However, the rest of the cryptocurrency market has yet to be viewed with certainty.
One of the most talked-about cryptocurrencies this year is XRP – currently the third-largest cryptocurrency in the world. XRP has seen strong growth since Donald Trump was elected president last November. Investors accurately predicted that with Trump's inauguration, the U.S. Securities and Exchange Commission (SEC) would have new leadership, leading to the agency withdrawing its appeal in the years-long lawsuit against Ripple – the company behind XRP.
XRP – Reasons Every Investor Should Pay Attention
Even if you are not interested in investing in cryptocurrency, there is an important reason to learn about XRP: the potential to change the way global payments are made.
Currently, cryptocurrency cannot completely replace fiat money. However, blockchain experts believe that this technology has the potential to disrupt traditional payment systems, thanks to fast processing speeds, low costs, and cross-border transactions that only require an internet connection.
Technically, the XRP network can process up to 1,500 transactions per second, far exceeding many other blockchains. At the same time, XRP operates within the Ripple ecosystem, which has developed its own stablecoin, large brokerage platforms, and is collaborating with many traditional financial institutions.
Brad Garlinghouse – CEO of Ripple – has stated that XRP could change the way international payment transactions are conducted, even taking market share from SWIFT – the international financial messaging system that connects thousands of banks and financial institutions around the world.
Why You Should Follow XRP and Ripple?
Even if you do not intend to invest in cryptocurrency, keeping up with changes in the payment system is still very important, as it can directly affect daily life, from international money transfers, cross-border payments to bank transaction fees.
XRP and Ripple are at the forefront of this revolution. Keeping track of their developments not only helps to understand the trends in financial technology but also helps investors and consumers prepare for the future of digital payments.
