The core purpose of cryptocurrencies is simple: leverage technology to eliminate the middle-man in financial transactions and make buying and selling things less costly.
Traditional Fiat currencies need big banks to oversee and verify all transactions but Cryptocurrencies do not. This means they are less costly and more efficient than traditional Fiat currencies, because there's no middle-man to pay and no paperwork to fill out.
Ripple (XRP) is aleading altcoin positioned for potentially big gains in 2020 is Ripple, or not. Some experts call XRP the “King of Banking Infrastructure”.
Ripple is a company which leverages blockchain technology to enable banks, digital asset exchanges, payment providers, and corporations to send money worldwide, using the company's cryptocurrency, XRP.
As cryptos gain more mainstream traction, Ripple is adding more banks and other customers to its network.
The successful partnership with major financial market players made the Ripple ecosystem a breakthrough in the crypto industry. Like the latest integration with Western Union to accelerate and reduce the cost of large money transfers between counterparties. And partnership with National Bank of Egypt.
If you choose to invest in cryptocurrency, do not expect huge profits with XRP in 2020, it is good for long-term investment. Even with the most optimistic approach, XRP price is unlikely to rise above 0.7 USD in the next couple of years. It won't make you Rich.
But you can get some free ripple from faucets or purchase some.
@Monolith simpleledger:qqn50k947xyfhgzqqktp96rk8vnsdjurpyzqq09arx
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