Ripple's XRP might be the one Crypto to rule them all:

I had never heard of XRP until a few months ago when my girlfriend's Dad started telling me about it. I had invested in Bitcoin in the past and I made a nice profit so when I heard that XRP was trading at a very low price I decided to invest a few quid. I was really excited to find that my investment doubled after a month and it seems that now is the time to invest in XRP.

XRP is a product of the company Ripple, and Ripple are the developers of the Ripple Transaction Protocol, which is a real-time settlement system designed for use by banks for currency exchange, remittance, and gross settlement. The idea is to replace old age payment systems like SWIFT, the Ripple Transaction Protocol is a far quicker and cheaper transaction system.

Ripple has huge advantages over other trading platforms, they already holds affiliations with many of the world's major banks, and they are the only crypto-currency platform that currently can provide instantaneous trades. They are technologically more advanced and secure than other crypto trading platforms, this is a huge advantage because security has been a major issue in the crypto-currency world.

Many economists feel that Blockchain technology will not be the primary trading platform of the future for several reasons; the primary one being that cryptocurrencies are not backed by any physical asset; meaning that you can’t actually trade your Bitcoin or XRP in for a valuable asset like gold at any time. This is true, but the cash we use every day is no longer backed by gold either.

Currencies like the Euro, the Pound, and the Dollar may not be backed by physical assets but they are backed by confidence, the confidence that they will exist in ten or twenty years time, and confidence is huge in the world of currencies. People invest in pensions that agree to pay them in Euros, Pounds, or Dollars in 30 or 40 years time, they would never invest in a pension that agreed to pay them in Bitcoin in 30 or 40 years time because they could not be confident that Bitcoin will exist.

This is where Ripple and XRP begin to get exciting. If Ripple was to replace SWIFT as the primary transactional platform for major banks around the world then it would suddenly have the confidence of the people. This means that XRP would no longer just be a regular crypto-currency, it would now be a crypto-currency backed by the confidence of the banks and the people. Eventually one Blockchain platform has to become dominant and adopted by the masses, the reason is simple, DATA!!

Data is one of the most valuable commodities in the world today, people are putting out so much data on a daily basis that now companies understand us better than we understand ourselves. Think about all the data we put out in a single day, from what products/foods we buy, where we shop, what we watch/browse, how quick we walk or drive. All this data is incredibly valuable, because the more marketing, sales, and product creators can understand about each person; the more they can target them. The problem is that so much data is still escaping through the nets. Blockchain technologies are one way of capturing large volumes of data.

Imagine if a crypto-currency like XRP was adopted as a quick pay method by all shops. When a consumer would make a purchase in a shop, the specific XRP used would be forever tied to that sale and that product and that consumer. Product providers could track the paths of crypto-currencies through intricate buying systems and build up amazingly detailed consumer profiles.

Why is now this week (30th September 2018) the time to buy XRP? Because the value of XRP is rising, and you can expect this rise to continue for the next month at least. Ripple are releasing their settlement system x-Rapid next month and this has got people excited so you can expect a lot of investment in XRP over the next month. There is a good chance that the value of one XRP will double meaning that you could take back your original investment and still keep a risk free investment in XRP. 

Ripple are hosting their second annual Swell conference this Monday and Tuesday (the 1st and 2nd of October 2018), their conference keynote speaker will be none other than Bill Clinton. There will also be speeches from members of several of the worlds Central Banks, and in attendance there will be members of the Federal Reserve and the IMF, it really does look like exciting times ahead for Ripple and XRP.

In summary, it is important to note that any investment in a crypto-currency is extremely high risk because of the volatility of your investment and because your investment is not backed by any real asset. You could literally have $10000 one day and $0 the next. The trade off is that a crypto-currency can explode over night and that’s what makes XRP so exciting, it seems to be just at the point where it is ready to explode. Happy investing!!