What is the future of Ripple?
Ripple has shown steady growth over the years. Ripple price is not stable, but still it is among the largest cryptocurrencies in the world.
Ripple XRP CHART Screams Many XRP Holders will be MILLIONAIRES Soon
In the future it is expected that its worth will increase since the cryptocurrency is challenging fiat currencies and banking networks and eating away their shares. One problem with Ripple is that it is not that very well understood by people since it is not strictly a cryptocurrency.
But, at the same time it has a dedicated group of investors and enthusiasts who fully understand it. It is a polarizing coin but continues to harbor support across the board.
Who created the XRP? It was created by the popular company Ripple Pay that specialized in a money and goods transfer system based on the old-school hawala network as practiced in Asia and still being used by Jews.
How Ripple is useful? Since the XRP is not a currency and just an intermediary, it can be used to transfer not only money but all sorts of goods including universal food items and much more.
The success of the Ripple pay system was replicated while creating he XRP system as a new cryptocurrency protocol.
How Ripple can it be used in real life? The Ripple XRP can be used in real life to send all sorts of things to another person.
Can Ripple be mined? No, the Ripple XRP cannot be mined.
All the 100 billion tokens came pre-mined at the launch. This is considered to be a negative approach for the cryptocurrency as it kind of rigs the system by making the currency artificial. Moreover over 20% of the 100 billion coins were retained by the Ripple company and that is very much against the norms of the crypto world.