Ripple and the digital coin XRP have had a successful 2018, despite the bearish market and it seems that 2019 might be an even more successful year for both the company and its coin.
If developments, achievements, and partnerships keep pouring at least as they did in 2018, then 2019 will definitely be the year of XRP and also of enhanced adoption for Ripple’s products.
Ripple’s primary concern is to eliminate all flaws regarding cross-border payments.
Most banks and financial institutions have been using the traditional payments system SWIFT for decades now, but due to various issues regarding security, fees and waiting time, more and more entities are deciding to switch to Ripple’s services in order to enjoy fast, cheap and more secure payments across the globe.
Here are three main reasons for which you should not think twice before deciding to invest in XRP if you haven’t already.
Transaction protocol and enhanced security
XRP can be used in the Ripple Transaction Protocol, and this means that not only digital coins can be sent but also fiat and data.
The best thing about transactions is that they are secure because both parties involved have access to a secure channel which makes sure that there are zero threats.
More banks and financial institutions will adopt Ripple’s tech
Santander and more banks have decided to ditch SWIFT and go with what Ripple has to offer.
The latest is Euro Exim Bank will start using Ripple’s XRP-powered product xRapid in Q1 2019.
Graham Bright, the head of compliance and operations at the bank, has recently told American Banker that it plans to use XRP in order to power payments across 80 countries to highlight the speed and efficiency of crypto.
They mainly decided this after one of their transactions got lost on the SWIFT network.
Increasing liquidity for XRP in the future
One of Ripple’s plans for 2019 is to get listed on as many exchanges as possible in order to create more liquidity for XRP.
XRP price predictions are extremely positive as well. So it’s safe to say that XRP should be a part of your crypto portfolio in 2019.