Ripple is among the few cryptocurrencies that act both as a digital currency as well as an open network for payment for transfer of money to other banks and payment providers. The primary aim of this system is to eliminate the need for the use of credit cards and other payment methods which charge fees for the exchange of currency. Apart from that it also focuses on making the usage of this digital currency easy and quick. https://www.diefinanzen.at/ripple-kaufen-oesterreich/ states that once people can fully understand all the functions that Ripple is capable of they will realize that it is revolutionary. To know more about it, read themarketmogul.com/ripple-investments/. Listed below are a few advantages of Ripple
Less volatile: Though cryptocurrencies have a volatile market and investing in them is a risky proposition, Ripple is a relatively less volatile and safer investment than other digital currencies. That is because it has the backing of banks and other financial institutions. Moreover, banks rarely adopt technology and dump it in a few years. Like all other services in finance they also prefer stability, keeping all this in mind if you are in the cryptocurrency market Ripple is the best currency to invest.
Low Initial investment: For an investor who is new to the crypto market, bitcoin is the most popular choice, and that is also because it is in the spotlight in print and electronic media. But the price of bitcoin is on a high and is expected to rise further making it unaffordable to new investors. The same cannot be said for investors in Ripple as most people will like to opt for cheaper currencies than go to a more volatile option though the gains may be more. Moreover, Ripple is in the top 5 of the cryptocurrency market and 0.25 USD per coin and thus makes it a desirable investment option for newcomers in this field of cryptocurrency.
Complements bitcoin: One thing that needs to be noted is that Ripple is not in competition with Bitcoin rather it is complementing it. Bitcoin is way ahead in the market of crypto and Ripple is not a zero-gain player either. It is a digital currency which is made for financial institutions like banks and other services which are substantial. It offers them transactions which are fast and easy and involves various currencies. Currently, it caters to transfer of fiat; the Ripple blockchain technology can act as a connection between bitcoin and mainstream finance.
Charges nominal fee: Unlike other payment methods like PayPal and credit cards there are decidedly fewer transaction fees collected by Ripple. It is almost about 1/1000th of a cent for each transaction. That amount is also not to make a profit out of transaction fee but to safeguard the system from being swamped by people who want to invest many transactions at once.
The purpose of cryptocurrency is to decentralize the economy and also to get rid of the way banks and other financial institutions work when it comes to transferring of funds. Ripple aims to bring together various payments at a single place to ease transactional issues.