Ripple Investors Are Betting That It Can Change the Game

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Chris MacDonaldApril 30, 2021, 8:49 AM·3 min read

For cryptocurrency investors that want to own digital tokens with a purpose, XRP (CCC:XRP-USD), marketed by a company called Ripple, is an interesting option.

A close-up shot of an XRP token with the logo and Ripple in raised text.

Source: Shutterstock

Indeed, this cryptocurrency is the fourth-largest crypto out there in terms of market capitalization. Thus, investors clearly believe that XRP is a crypto token with lasting power.

That belief is solidly based. Indeed, the ability to use XRP in the real world has made this cryptocurrency stand out.

The usefulness of this no-fee, cross-border, international payment tool has left me intrigued about it in the past.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

In general, I think cryptocurrencies can generally be put into two buckets. On the one end of the spectrum are cryptocurrencies that are viewed as stores of value or hedges against the global fiat monetary system. Bitcoin (CCC:BTC-USD) is the clear...read more...