In the past, I have discussed the implications of Ethereum and Bitcoin on the global market and how their presence will push industry forward in a new direction. With the meteoric rise of the Ethereum blockchain and the growing influx of money into Bitcoin, a tide has been created. The question is whether or not it will actually lift all boats. The case can be made for at least a few new cryptos, specifically one called Ripple.
Just a few days ago, I was caught off guard when I saw that Ripple had surpassed Ethereum in total market cap at $8.5 billion. Even more interesting, this happened in 24 hours! Apparently, billions have been invested into Ripple, which is bolstering its platform. The question is why?
Ripple is unique because big banks can use it to facilitate transactions and transfers all over the world at a very low cost, including currency conversion. This makes banking truly instantaneous and has the potential to transform how banking is done while making old methods obsolete. Currently, 15 of the top 50 banks in the world are working with Ripple and that number is growing quietly.
For just 0.17 cents you can buy a Ripple coin. That might not sound exciting, but if Bitcoin and Ethereum are any indication of massive fluctuation in this industry, then buying Ripple could potentially be the easiest investment you've ever made. I'm not giving it my endorsement just yet, but there's really nothing to lose with it being this cheap. If you missed Bitcoin and Ethereum, then this could be your next opportunity.
An ambitious Neuroscience Major, Entrepreneur, and Athlete.