Ripple, one of the most reliable cryptocurrencies due to price spikes is often unexpected. Several times these coins are recorded to survive when bitcoin prices decrease
If the condition of this kaoin resilient, then the potential of Ripple coin will increase in 2018.
How can Ripple (XRP) debuting in 2017 match the Bitcoin?
Ripple has successfully launched its first blockchain conference in 2017. Ripple announced their collaboration with the Gates Foundation and increased RippleNet members to more than 100 financial institutions.
This new development in blockchain technology has at least saved 55 billion XRP coins.
Ripple is a Real-time Gross Settlement (RTGS) system, currency exchange and remittance network. Ripple is built on a distributed open source internet protocol, a consensus and crypto ledger called XRP.
This token was released in 2012, representing fiat, crypto, commodity or other value units.
Ripple uses a consensus process that enables payment, exchange and remittance in a distributed process.
Potential Ripple Coin (XRP)
As of December 30, 2017, it was noted that the XRP market reached 110 billion US dollars. This value puts Ripple in second place in the Cryptocurrency Market Cap rankings.
The trail of success below will be the basic guide for those of you who want to invest from Ripple's potential.
Beginning of launch, XRP coins have entered the Six World Cryptocurrency Exchanges, helping to meet global demand.
As of December 2017, XRP is listed on more than 50 exchanges and continues to grow. Expansion through additional exchanges reinforces that XRP is the fastest and most measurable asset on the market.
Ripple coin technology has increased the speed and transparency in global payments.
This technology upgrade is considered the most popular being made by the Federal Reserve. Swell by Ripple, the first blockchain conference was considered highly successful in a two-day program in Toronto, October 2017.
Key speakers in the program include Dr. Bernen Bernen and Tim Berners-Lee, inventors of the World Wide Web (www). This conference talks about payments and industry trends, the future of blockchain.
Ripple has set up and amounted to 55 Billion XRP at Escrow to ensure the availability of XRP coins.
Ripple will use Escrow to assign 55 contracts each 1 billion XRP. This contract will expire on the first day of each month, from the first month to the 54th.
Unused XRP coins at the end of the month will re-enter Escrow.
Ripple Escrow XRP, Supply Predictability
Apparently Ripple has convinced the market for people's concerns over coins owned.
Everyone can verify the maximum number of XRP coins that can enter the market. This is considered to allay concerns that Ripple could flood the market.
Locking the total number of coins in circulation in order to build XRP liquidity and a healthy and transparent market.
Consortium of Bank of Japan in December 2017, a coalition of 61 banks in Japan organized by SBI Ripple Asia. The consortium has announced the launch of Ripple with Woori Bank and Shinhan Bank.
These two banks are the largest in South Korea with a collective market capitalization of more than $ 30 billion.
The Bank of Japan consortium is set to use Ripple (xCurrent) technology to complete transactions between Japanese banks.
November 2017, Ripple's instant payment service in collaboration with Axis Bank (India), RAKBANK (United Arab Emirates), and Standard Chartered (Singapore).
This cooperation is to meet the demand for this increased real-time payments service. These banks will use RippleNet to send cross-border and fast payouts.
Ripple is partnering with financial institutions and payment providers to research the market. The proof, recorded since October 2017, at least more than 100 financial institutions have worked with Ripple Net.
Among them are Bexs Banco, AirWallex, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, RAKBANK, and TransferGo.
Not only that, beginning in 2018 Ripple has set up a prestigious project to target a larger market in digital currency. The programs that will be implemented are:
- End of year closure (plan Q3 2017) on 31 December, Ripple will announce new partner xRapid.
- Ripple will launch an instant exchange of 15 digital currencies, entering SCExchange listing on December 31, 2017.
- Ripple plans to join DMM Bitcoin which will launch a new website for trading virtual currency on January 10, 2018.
- Even Blockchain Technology Evolution in the United States and China on January 26, 2018, the talker is Brad Garlinghouse.
According to some practitioners, the predicted Ripple coin (XRP) price will continue until Q1 2018 targeting 10 US dollars per coin. The price to date is around 2 US dollars per coin.
Potential Ripple coin can make money moving on the basis of the speed of digital information. The speed, transparency, and scalability of XRP can help financial institutions move money in real time.
For more information about Ripple, head straight to Ripple Insight's press media.
