Ripple Is Up 3800%: Should You Be Buying?

While Bitcoin​ and Ethereum​ continue to enjoy most of the limelight, there are other promising cryptocurrencies out there.

Ripple is a venture-backed startup that provides global financial settlement solutions that reduce the total cost of settlement by enabling banks to transact directly and instantly, while ensuring certainty. It aims to "enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV).”

XRP, its digital currency, is a fast, scalable digital asset, enabling real-time global payments anywhere in the world. “Built for enterprise use, XRP offers banks and payment providers a reliable, on demand option to source liquidity for cross-border payments,” says the firm.

Ripple’s digital asset has witnessed tremendous growth during Q12017 with market participants purchasing $6.7MM directly from Ripple’s registered and licensed money service business (MSB), as per its quarterly report.

Read more: Ripple Is Up 3800%: Should You Be Buying? | Investopedia http://www.investopedia.com/news/ripple-38000-should-you-be-buying/#ixzz4vDsgbeeM