Although it is often overlooked by investors more eager to focus on Bitcoin and Ethereum, Ripple has several factors in its favour in comparison with the rest of the cryptocurrency field.
The currency, now sporting the third-largest market capitalization in the industry, is designed for seamless transactions which can be settled by banks in real time. The result is that transaction fees can be kept down for both banks and individual customers. Considering that long transaction settlement times and unstable fees have been two of the largest barriers to cryptocurrencies generally breaking into the broader financial world, Ripple seems poised to become a favourite among financial institutions.
Now, the National Bank of Abu Dhabi has announced its adoption of the Ripple protocol for some of its transactions. Will this be the impetus that Ripple needs to garner more attention around the world?
All i can say is get it now while its at BTC 0.00010050 and then sit on it.
