{"id":2438,"date":"2019-12-30T16:10:34","date_gmt":"2019-12-30T16:10:34","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=2438"},"modified":"2024-04-15T15:34:47","modified_gmt":"2024-04-15T15:34:47","slug":"investing-in-ripple","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/investing-in-ripple\/","title":{"rendered":"10 Reasons for Investing in Ripple"},"content":{"rendered":"

XRP has been increasing in popularity, amassing one of the largest fan bases around the globe. In this article, we give you 10 solid reasons for Investing in Ripple and their cryptocurrency, for future portfolio profits.<\/strong><\/em><\/p>\n

There are many reasons that make cryptocurrency an attractive investment option. The security of blockchain and the lack of reliance on banks following previous economic crashes are just a few.<\/span><\/p>\n

However, with different cryptocurrencies rising and falling, year over year, how is the general public going to know which coin to invest in?\u00a0<\/span><\/p>\n

Luckily, the cryptocurrency era shows no signs of slowing down \u2013 in fact, 2019 has treated crypto very well, and <\/span>there are signs<\/span><\/a> of a slow but steady recovery. As such, before getting into hasty decisions, it\u2019s worth spending some time doing research.<\/span><\/p>\n

The first thing you may notice when you start to dig deeper is how few cryptos actually managed to gain a large following and claim the spotlight.\u00a0<\/span><\/p>\n

While the names Ethereum, Bitcoin and Tron may seem familiar, there are more than 4000 cryptos you have probably never heard off.<\/span><\/p>\n

From these top ones, Ripple, the platform through which XRP is managed, is now one of the biggest players around.<\/span><\/p>\n

In the crypto leadership race, XRP currently stands in third place<\/a> after Bitcoin and Ethereum.\u00a0<\/span><\/p>\n

The practical nature of this currency and its steadfast position within the marketplace make it a very luring investment opportunity.<\/span><\/p>\n

So what sets Ripple apart from the other available cryptocurrencies, and why should you consider investing in its coin?\u00a0<\/span><\/p>\n

Investing in Ripple (XRP) – What you need to know<\/span><\/h2>\n

This article will take you through the points that make XRP a worthwhile investment. By studying the points outlined below, you can make a calculated decision on whether on not XRP should be apart of your portfolio.<\/span><\/p>\n

Its Roots<\/b><\/h3>\n

Ripple is a company created by Silicon Valley-based alumnus Chris Larsen and Stellar Lumens\u2019 co-founder and CTO Jed McCaleb.\u00a0<\/span><\/p>\n

The impressive background of its co-founders offered superb credentials to Ripple before it even got off the ground. This, alongside its swift rise, attracted huge investment.<\/span><\/p>\n

Ripple has only been around since 2012 and has reached a top spot in the crypto market. This alone is enough to influence many to invest before it climbs any further.<\/span><\/p>\n

Its Banking Partnerships<\/b><\/h3>\n

For banks to invest in cryptocurrency, there must first be considerable confidence in the permanency of the platform. As of the<\/span> final financial quarter of 2019<\/span><\/a>, Ripple has more than 200 banking partnerships worldwide. These include:<\/span><\/p>\n