Can XRP make you rich? Must read

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Avatar for TaniChris
4 years ago

#PoweredByMonolith

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.

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Avatar for TaniChris
4 years ago

Comments

@Monolith simpleledger:qqn50k947xyfhgzqqktp96rk8vnsdjurpyzqq09arx

Testing

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4 years ago

Nicely done. You have been credited a fraction of LITH to your address for this post as bonus. Check in few seconds.

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4 years ago

It may make you rich someday if it continue to grow by a minimum of atleast 1000%. So I think you must wait.

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4 years ago

That's like a long term investment. We can never be so sure of it making 1000% volatile nature of cryptocurrencies

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4 years ago

First of all, there are two important things that can make us rich, namely luck and descent. So for me it could have been even though speaking through a coin like Ripple,

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4 years ago

I see reasons there man. It's all about diversifying your assets with cryptocurrencies rather than putting all eggs in a basket 😉

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4 years ago