$XRP Ripple (XRP) in top 10 coins to invest in august 2025.
Unlike other general-purpose tokens, XRP is focused on creating payment solutions for banks and financial institutions. It solves several problems with competing systems like SWIFT for international settlements. Instead of requiring several hours or days for transfers to be finalised, XRP allows such settlements to be completed in a matter of seconds.
Ripple has made traditional finance much more accessible for users through the efficient application of blockchain technology.
Pros of Ripple
Much faster than its competitors like SWIFT.
Expand access to banking and international settlement by lowering barriers to use.
Cons of Ripple
The network is highly centralised as all transactions are confirmed by a federated group of financial institutions.
Ripple Labs is engaged in a legal battle with the US Securities and Exchange Commission.
