Ripple Price Forecast While most headlines in the cryptocurrency space involve Bitcoin or Ethereum, an increasing number of investors are thinking about investing in Ripple, the bank-focused blockchain company that is taking the crypto world by storm. As a result, we’ve put together this report with a complete Ripple price prediction in 2018.
I know the names, tokens, and details can become overwhelming. Blockchain technology is widely misunderstood in part because the industry is so young; so the articles “explaining” it are still technical and full of jargon. I’ll do my best to fix that.
But there’s another reason that blockchain is so hard to understand—it is radically different from anything that’s come before it.
Ripple is certainly part of this story and not just as a Bitcoin-imitator. It is much more than that.
The first thing to know is that Bitcoin was viewed with hostility by many banks. Bitcoin wants to eradicate them as the “middlemen” of transactions, which obviously represents a ton of money for the banks. They like making money every time we use a piece of plastic.
Bitcoin is fundamentally opposed to that kind of top-down control, where the banks are at the top and we are at the bottom, so its idea is to decentralize the payments process.
Bitcoin also wants to increase transparency, which as we all know is contrary to the modus operandi of many banks. Secrecy is, and perhaps always has been, closely tied to banking.
Ripple’s aims are, by comparison, much more modest, which is why our Ripple price prediction for 2018 might seem overly generous.
The company is working to smooth out the settlement process between existing banks and financial institutions (using their XRP token, of course). Plus, their system doesn’t allow for the kind of anonymity that made Bitcoin popular on the black market.
In other words, there is an added measure of control in Ripple. But I don’t care about the purity of the technology as much as I care about its potential to succeed in the real world.
Banks from China, Japan, India, Switzerland, Australia, America, and Canada are already working with Ripple. There are literally dozens of partners lining up to take the best parts of blockchain technology and integrate it into their firms.
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