Ripple is not currently worth investing

Explanation: XRP is the token issued by the ripple

What is your first reaction when you think of a ripple coin? It should be XRP, yes, then you will think of bitcoin, then cryptocurrency and so on. That's right, the market value of the current ripple is very high. It is issuing its own token XRP, which is also a cryptocurrency.

However, I think strictly speaking, the ripple is just a platform. Xrp is just the logo of the platform. but xrp cannot be called "cryptocurrency" and can only be called "virtual currency".

Do you find that the market value of the ripple is very high, but the value of a ripple is very low, maybe you should look at the ripple price chart history, if it still doesn't work, after reading my next article, you may get the answer.

For example, a very large company in China is called Tencent. Tencent operates a large number of commercial sectors, videos, games and more.

Take the game, the type of game is simply divided into paid and free. We talk about paid games. Generally, if you want to buy game equipment（Game weapon）, you will need a fee. In general, the game platform does not directly use the legal tender, but the virtual currency. This is the "Q coin". The player uses the legal currency to exchange the Q coins, and then uses the Q coins to purchase the equipment. Of course, not only can you buy equipment, but many products of Tencent can be paid with Q coins.

The role of xrp is similar to "Q coins." Ripple CEO Brad said, “Ripple wants to create a “value Internet.”” The role is the transfer of value. It is obvious that the current cross-border transactions are more difficult to do. Especially cross-border payments. For example, if you want to transfer 10,000 US dollars from the United States to India, the quick way to do it now is to buy a ticket and let people take it. Today, when the Internet is so developed, people are still adopting such a means of transfer, which is indeed a major shortcoming.

Then the question comes, what the ripple wants to do, the ripple is to solve the problem of "transboundary difficulties". All that has to be done is to increase the speed of the transfer and the ease of transfer.

Following the above example, if you need to transfer 10,000 US dollars to India, you only need to Internet the US dollar into xrp, then transfer the xrp from the US to India through the laptop transfer platform, and then convert the transferred xrp into US dollars. Just fine. This makes it easy to solve the problem of cross-border payment.

But converting the traditional legal tender into xrp is not enough in terms of ripple alone, at least not very convenient, so Brad (ripple CEO) proposed to cooperate with the bank.

Cross-border payment is difficult, the problem not from two countries, but a global problem, so there will be many customers in the future. Where there is a "cross-border payment difficulty", the ripple will solve it.

So strictly speaking, I think XRP is more of a "virtual currency" than a "cryptocurrency." I believe you also saw that the value of an xrp is not high (can be viewed through the ripple price chart history). When you exchange dollars for xrp, you are investing. When you complete the transfer and convert xrp to US dollars, the xrp is sold, so the price of xrp has little to do with the functions of "redemption" and "payment".

So now if you still ask how to invest in xrp, I suggest you learn how to use ripple.

Instead of hoarding the number of xrps, it is better to wait until one day the company is listed and buy their stock.

You now understand why the price of the ripple is low? ?