Despite the emergence of cryptocurrencies, a lot of teething troubles with our financial systems remain. International payments are still slow and cumbersome, and the world, in general, isn’t warming up to compete with cryptocurrencies fast enough. This is of course because institutions aren’t picking up this new technology quickly. This is what Ripple intends to change with its XRP tokens.
FUTURE OF XRP
With a total market capitalization of $26 billion USD as of May 2018, and currently, Ripple XRP is the third largest cryptocurrency in the world.** It has a maximum supply of 100,000,000,000 XRP tokens, with currently about 39,241,525,848 tokens in circulation**.
The price of an individual Ripple coin is $0.68 USD. This is after some significant correction the token witnessed in the first half of 2018, along with the rest of the cryptocurrency market. Prior to this, XRP had continued to see a massive rise in prices, exceeding 10x returns within a matter of months on repeated occasions.
future prospects
Keeping in mind the trends so far, Ripple has seen positive numbers at most of the times. In the first half of 2017, it saw almost 4000% rise in its price!
Currently, it is listed on more than 30 crypto exchanges. However, it isn’t just about the price action or trades - Ripple may have a bright future because of its uniqueness in so many ways.
Ripple is highly focused on making the international payments easier - which is a market ripe for disruption, given that its run by legacy technology on the back of old banks.
The company is working on technology which will enable it to process around 70,000 transactions per second, which is just incredible!
How to buy& store XRP.
How to buy XRP?
Just like any other major cryptocurrency, the Ripple coin is available on all leading crypto exchanges. You can buy XRP tokens on Bittrex, OkEx, Cryptopia, and many more exchanges.
Ripple purchases are possible via fiat, in addition to crypto pairings such as with BTC and ETH.
Using CoinSwitch to purchase XRP coins.
With support for major exchanges globally,CoinSwitch, best cryptocurrency trading platform allows traders to compare prices for the Ripple coin at one place. You can then choose the best rate to make maximum profit and minimize your risk. On CoinSwitch, you can exchange cryptocurrencies for more than 45000 cryptocurrency pairs, XRP being one of them.
What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your ZEC coins. Instead, all transactions happen to and from your own personal private wallets.
How to store XRP?
Once you buy XRP tokens, you naturally need to find a safe place to store it. If you prefer storing coins in an online wallet, go for GateHub online Ripple wallet. Other options include the open-source and safe Toast wallet which hands over your private keys to you.
There is an offline wallet available to store your Ripple coins too. We’re talking about the widely popularly Ledger - known for its security. The other popular hardware wallet, Trezor too supports XRP tokens.
Should you buy XRP?
Apart from the ups and downs throughout its journey, Ripple’s XRP has emerged as one of the largest and popular cryptocurrencies in the world. When popular exchanges like CoinBase were about to add Ripple to the list, it saw another price surge. Many users continue to flock to XRP because of the psychological impact of the lower price of an individual Ripple coin, making it seem affordable to many. If Ripple fulfills its objectives and maintains its position in the market, would we soon see it becoming the largest cryptocurrency of the world?.