What is Ripple
Ripple is a cryptocurrency designed to be faster and more fluid than bitcoin, ethereum, etc. What makes it faster than most other cryptocurrencies? Its ability to process transactions faster than the other two comes down to its base optimization. It is built to house thousands of transactions per minute which makes it viable for bank transactions of which it was built for.
Why is this coin even relevant?
What is most impressive about the coin is that it is actually backed by american express and other large company names. The plan for the coin is that it is going to facilitate transactions between banks and people to purchase items in everyday life. Imagine going to the grocery store and paying using ripple or a ripple alternative. This would make transactions faster and safer than ever before.
What does the future hold for this coin?
with the invest ability of other cryptocurrencies and the backing of big corporations this coin could potentially go somewhere big. I mean globally big. This in turn could help bring some use of the coin by governments and countries should there potentially be enough backing. However this comes with the knowledge that it may flop just as all currencies could at some point.
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