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Ali Farhad

XRP

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This week we have already seen XRP shoot up and your right, there are a lot of people talking about it. I do think we could see a sustained rise in XRP, even after the pullback today. 

There is a lot of momentum in the coin and some positive fundamentals. I am no expert in crypto but from what I have seen and heard, I think XRP could be a good investment .

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Hallo there,
This is the current position of XRP.
Ranking third (trailing bitcoin and ethereum) on the list of top virtual currencies by market capitalization, Ripple’s cryptocurrency, XRP, has been climbing steadily up the cryptocurrency ladder. But what makes it tick?
While it may take several minutes and high transaction cost to process bitcoins, XRP’s transaction cost is low and takes seconds to process. Unlike bitcoins, XRP has a mining-free mechanism hence use little energy.
XRP’s Effects on Remittance
If you were to wire money to someone abroad via the bank system, it might take several days before the money reaches their account. Besides being slow, the bank is also expensive and less adaptable. As such, XRP comes in as a reliable alternative to the old banking system.
 So, if a large amount of money is to be sent via bank, the funds can be converted to XRP and sent to the receiving bank without relying on multiple intermediary banks for transfer. Therefore, it’s an easy and quick method of money transfer, putting it ahead of others in the digital currency world.
Therefore, due to its efficiency (high adaptability, ease of use, and support of varied applications), XRP might shoot higher as it continues to gain popularity worldwide rapidly.
 

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