Ripple XRP has been widely accepted by a lot of banks as being a legitimate way to transfer money quickly and with fewer fees due to its fast money transfer network.
Experts are saying that Ripple just might be the catalyst in making cryptocurrency more mainstream. Its faster transaction speeds and lower fees make it easier for financial systems to embrace the virtual currency, which is partly why Ripple’s value has increased dramatically just this year.
Ripple is helping financial institutions save money and it is only expected to become even more prevalent in payment flows. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, Ripple XRP is expected to reach Bitcoin-like levels of ubiquity in the near future.
Ripple certainly has the potential to move up a notch in the cryptocurrency world in 2018. The use cases for Ripple are mostly for the trade of assets, not for day-to-day spending. As consumer awareness of cryptocurrencies will rise significantly in 2018 and beyond, the interest of the masses will be on cryptocurrencies that can be used as currencies, not just for investment transactions.
Ripple’s aim is to become a global settlement network designed to allow anyone to transfer money in any currency in seconds, effectively replacing outdated, slower, and more expensive international transaction or payment systems.
Industry experts are predicting the next big thing may not be Bitcoin but Ripple. The company has made a lot of news lately with new partnerships and adoption across the financial industry.
Naturally being a private and centralized company Ripple will have a different take on the ethos of cryptocurrencies. However, being of that nature has provided it more partnerships and adoptions than any other similar digital currency.
News of Ripple partnerships is emerging on an almost weekly basis now, which can only be good for the company and the cryptocurrency. With these new partners, there’s no doubt that Ripple will be the top cryptocurrency this year.