Investing is never easy as we all know. But if you have no idea what you’re doing, you’ll have a hard time becoming profitable. You might miss out on important investment opportunities because of your inexperience.
Take Ripple as an example. Are you investing in Cryptocurrency? If not, you’re missing out on a huge opportunity. So many conscientious investors made big bucks investing in crypto options like Bitcoin and Ethereum. And those currencies are still worthy of investing in. But if you’re looking to get in early on a less well-known option, Ripple is an excellent choice.
This currency stands out amongst the crowd for a few reasons and we’ll share them with you below. You obviously want to know what you’re investing in, so it definitely makes sense for us to explain why investing in Ripple is a great idea.
With that said, we’ll share as much is we can with you today about investing in Ripple.
A Brief Overview of Ripple
You undoubtedly realize that Ripple is a form of cryptocurrency like Litecoin and Bitcoin. Believe it or not, it received its name because it’s the name of the company that developed and created the crypto coin. The true name of the coin is XRP, but everyone calls it Ripple for simplicity’s sake.
What makes Ripple so Special?
Honestly, it’s actually a lot more secure and performs faster transactions then Bitcoin and other types of cryptocurrency. Even better, Ripple’s security is just as good or even more superior to some of the other top types of crypto in use today.
The interesting thing is Ripple is thought to be the form of crypto that will eventually take over as number one instead of Bitcoin. Many speculators, investors, CEOs, and other financial professionals feel that it will have a huge presence in the future and become the top dog in this space.
Lastly, Ripple is quite unique because it’s different than the other types of crypto on the market today. A private company created it as a method for profit. Whether you like this idea or not, just know that it’s the origin of XRP.
4 Reasons to Begin Investing in Ripple
As you are about to learn, there are certain reasons why Ripple is such an excellent type of crypto to invest in. Our four main reasons for recommending this digital currency include:
- Ripple’s Transaction Protocol – most people agree that we are currently operating in a flawed financial system throughout the world. Transferring money from one person to another – especially if they are outside of your current bank – can be an annoying and difficult process at best. It’s also a headache to make transactions overseas. XRP makes full use of the Ripple transaction protocol. This protocol is capable of transferring information, money, and digital currency. It simplifies the transaction process by using a digital channel to make a monetary payment. The money never technically exchanges hands in a physical sense, but it transfers from one account to the next making it very efficient, effective, and overly secure. This is exactly what Ripple’s developers wanted and had in mind when they created this cryptocurrency
- Dozens of banks have adopted Ripple – even though our current banking system is flawed, it isn’t going away anytime soon no matter what other people might say to convince you otherwise. Digital currency is definitely here and it isn’t going anywhere either. But neither is the banking world. That’s why it’s great that Ripple has such a strong presence in the traditional financing. In fact dozens of banks have adopted this currency including: SBI Remit, Axis Bank, Star One Credit Union, Cambridge Global Payments, Yes Bank, SEB, and more. No other digital currency has been adopted by the mainstream financial system to this degree. This makes Ripple really stand out amongst the crowd.
- The Ripple development team & other investors – the development team at Ripple is incredibly talented as you can imagine. It isn’t a secret to know that the latest advanced technology makes crypto transactions faster, safer, and certainly more secure. Even more important, prominent investors believe in Ripple. In fact, in 2015 the company brought in $55 million in venture capital during one funding round. And even better, one of its earliest backers is Google! You know, the humongous tech giant that practically owns the world. Yeah, that Google. They believe in Ripple enough to invest millions of dollars into the currency and you should believe in it to.
- Low transaction fees – not only are the transactions incredibly quick with Ripple, they are also inexpensive as well. Since the transaction fees are minimal to process, you’ll save money by using their low-cost transferring system as opposed to other systems like the Swift transfer systems from traditional banking. These low fees are definitely worth considering because saving money is always as good as making it. The more money you keep in your pocket (or digital wallet), the better off you’ll be.
How to Get Started Investing in Ripple
Unlike other types of crypto, it’s a little harder to invest in Ripple than other options. But you should look at this barrier to entry as a good thing because only serious investors and those interested in making money will take the time to get involved with this currency.
Even better, there’s exclusivity to Ripple that isn’t there with Bitcoin, Litecoin, Ethereum, and other options. This currency operates on two prominent and popular currency exchanges among others. They are called Kraken and Poloniex.
When buying Ripple, you’ll have to invest in it on popular currency exchanges like bitsane.com or the ones above since they are considered the best of the best. Bitsane.com is a European trading platform that provides fast trading speeds, full customer support, and transactions are always safe and secure.
Conclusion
As you can see, investing in Ripple is definitely a great way to earn intelligently on your investment. This currency is set to take off like a rocket and it has financial backing and the respect of many prominent businesses in the industry. Get in now while you can before it’s out of reach for the average investor.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
