XRP (Ripple)

Ripple

Who:

The Ripple Network

What:

International banking interchange solution

Where:

San Francisco, CA

Features:

  • Pre-Mined XRP 55% held in escrow
  • Monthly release into market from escrow
  • Inflationary mechanism “burns” Ripple with each transaction
  • 2nd in market cap behind BTC (Jan 2018)

Analysis:

Ripple has seen impressive 4000% gains in value over the past 12 months.

Some of this success is due to the quality team and tight execution of partnership strategy with major banks.

Positioned as the repalcement to the stodgy and recently hacked SWIFT system, XRP has a legitimate use case and is showing strength against the other top coins.

One Reply to “XRP (Ripple)”

Discuss