Even though Ripple (XRP) is ranked as the third biggest cryptocurrency in the world, Ripple (XRP) is still surrounded by controversy. There are many experts and analysts who strongly believe that Ripple (XRP) is a security because the parent company owns a large sum of XRP tokens. However, the people who are in charge of Ripple (XRP) such as Brand Garlinghouse who is the founder are doing their best to prove that Ripple (XRP) is not a security.
Separating Ripple from XRP
Considering that there are many who say Ripple (XRP) is a security, it should come as no surprise that Ripple (XRP)’s price is expected to drop. However, this is not the case since Ripple the company is determined to prove that making a profit is not its primary goal. Brad Garlinghouse wants everyone to understand that Ripple is a company which sells software while XRP is a cryptocurrency token.
Beneficial Economic Policy
The reason why we believe Ripple (XRP) is going to succeed is because unlike Bitcoin, Ethereum and all other top ten cryptocurrencies, Ripple (XRP) is creating an economical policy which is going to benefit investors in the long run. Ripple (XRP) has a calculated distribution of money and this means that there aren’t any “whales” like it is the case with Bitcoin. Therefore, Ripple (XRP)’s price cannot be influenced by a single entity.
Partnering with Banks
The other thing that leads us to believe that Ripple (XRP)’s price will not plummet is the fact that Ripple (XRP) has partnered with more than one hundred banks until now. The Ripple (XRP) software has been proven to be faster and more efficient than the Swift payment method which is used by banks to transfer funds globally. Therefore, Ripple (XRP) is expected to replace Swift in the nearby future and this will help skyrocket the cryptocurrency’s price.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.